Sonic Price Recovery Opportunity: Is $0.622 the Key? (12/3/25)

Jakarta, Pintu News – The cryptocurrency market is always full of unexpected dynamics. Recently, the Sonic digital currency showed indications that there could be a small price spike. Recent analysis suggests that a $4 million increase in open interest and increased spot demand could push Sonic’s price temporarily up towards $0.5.

Increased Open Interest and Spot Demand

In the last few hours, a significant increase in open interest (OI) of almost $4 million has been recorded. This signals increased activity from traders who may be seeking positions in the Sonic derivatives market. Meanwhile, spot demand has also seen a rise, which could be an early indicator of higher buying interest in the market.

This increase comes amidst market conditions that previously showed a decline. With a spike in open interest and spot demand, this could be a signal that Sonic may be experiencing a price recovery, albeit a temporary one. However, it will be important to monitor whether this trend continues or is just a short-term market reaction.

Also Read: Bitcoin and Stock Market Plummet, Arthur Hayes Asks Investors to Be Patient: Why is Crypto Red?

Bearish Trend and Trading Volume

Based on 4-hour chart analysis, Sonic is showing a strong bearish trend. The price has been steadily declining, registering a new low since the last week of February. This price drop is also supported by an increase in trading volume, signaling strong selling pressure.

Although there are indications of a short-term price recovery, this dominant bearish trend suggests that the market is still not fully stabilized. Investors and traders should exercise caution, as rapid price fluctuations and high trading volumes can pose significant risks.

Technical Analysis and Liquidity Target

In terms of technical analysis, the $0.522 level seems to be the crucial point. If Sonic can reach and pass this level, there is potential to achieve a 13% price increase towards $0.5. The liquidation map also shows that the area above $0.5 is the next possible liquidity target if market momentum is favorable.

However, it’s still unclear whether Sonic will be able to reach this target in the near future. The cryptocurrency market is often unpredictable, and while there are some positive indicators, there are still many factors that could affect Sonic’s price movements going forward.

Conclusion

In observing Sonic’s market dynamics, it is important for market participants to pay attention to various indicators such as open interest, trading volume, and technical analysis. While there is potential for short-term price recovery, volatile market conditions require careful observation and prudent investment decisions.

Also Read: Drastic 19% Drop in Solana Futures – Here’s Solana’s Technical Outlook in March 2025

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• AMB Crypto. Sonic to see a minor price bounce, reclaiming $0.622 is key. Accessed on March 12, 2025
• Featured Image: U Today