Sonic’s 6% daily drop has sparked debate over whether this altcoin’s struggles mark weakness or present a hidden buying opportunity. With its price hovering in a tight range, traders are watching closely to see if S can flip resistance into support and carve out a recovery path. This analysis breaks down Sonic’s key technical levels and evaluates whether it could become one of the top undervalued coins in the current market. Sonic Coin's Bumpy Ride Shows Hopes of a Bounce Source: tradingview  Sonic (S) is wobbling between $0.30 and $0.35, hinting at some market struggle. The past week witnessed a small dip, down nearly 4%, while the last month's fall reached close to 23%. The coin sits below a key resistance at $0.37, with another hurdle looming at $0.42. Support is found at $0.27 and $0.23 if things go south. Despite a gloomy half-year drop of about 65%, the coin's movement could shift. If Sonic breaks past $0.37 and climbs towards $0.42, we might see a growth of over 20%. With careful traction in place, there's room for positive momentum if trends align favorably. Conclusion Despite heavy losses over the past months, Sonic’s support at $0.27 and $0.23 provides a foundation for potential stabilization. A breakout above $0.37, followed by $0.42, could trigger a rebound of 20% or more, signaling renewed investor confidence. If momentum shifts in its favor, S could transform from a struggling asset into an overlooked contender within the top 100 cryptocurrencies. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.Sonic’s 6% daily drop has sparked debate over whether this altcoin’s struggles mark weakness or present a hidden buying opportunity. With its price hovering in a tight range, traders are watching closely to see if S can flip resistance into support and carve out a recovery path. This analysis breaks down Sonic’s key technical levels and evaluates whether it could become one of the top undervalued coins in the current market. Sonic Coin's Bumpy Ride Shows Hopes of a Bounce Source: tradingview  Sonic (S) is wobbling between $0.30 and $0.35, hinting at some market struggle. The past week witnessed a small dip, down nearly 4%, while the last month's fall reached close to 23%. The coin sits below a key resistance at $0.37, with another hurdle looming at $0.42. Support is found at $0.27 and $0.23 if things go south. Despite a gloomy half-year drop of about 65%, the coin's movement could shift. If Sonic breaks past $0.37 and climbs towards $0.42, we might see a growth of over 20%. With careful traction in place, there's room for positive momentum if trends align favorably. Conclusion Despite heavy losses over the past months, Sonic’s support at $0.27 and $0.23 provides a foundation for potential stabilization. A breakout above $0.37, followed by $0.42, could trigger a rebound of 20% or more, signaling renewed investor confidence. If momentum shifts in its favor, S could transform from a struggling asset into an overlooked contender within the top 100 cryptocurrencies. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

                                                                               Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle.                     Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more