tradingvolume

Sonic ($S) trades at $0.4483, down 5.56% in 24 hours.
Price approaches key $0.395 support, a historical turning point.Weekly decline of 7.3% lags global crypto market's 4.3% rise.Trading volume surges 41.8%, signaling potential sharp price movement.Break below $0.395 may lead to further decline toward $0.347.

#SONIC #pricesupport #tradingvolume #markettrends
Sonic ($S) trades at $0.4483, down 5.56% in the last 24 hours. The cryptocurrency has dropped 7.3% over the past week, lagging behind the global crypto market's 4.3% increase. Despite the decline, trading volume surged 41.8% in the last day, reaching a significant level, according to data from CoinGecko.
The price approaches a key support level at $0.395. This zone has historically acted as both support and resistance, marking it as a pivotal area for market participants, as noted in a 2023 Kriptomat report. A candlestick chart on TradingView highlights this level's importance, showing repeated tests in recent months.
Price Movement and Market Dynamics

Sonic's weekly decline of 7.3% contrasts with the broader crypto market's upward trend. The global market gained 4.3% over the same period, underscoring Sonic's underperformance. However, the 41.8% spike in 24-hour trading volume signals heightened interest among traders.
The $0.395 support level remains critical. Historical data shows this price point has been a turning point for Sonic. In early April 2025, the price briefly dipped below this level before recovering. A similar pattern emerged in late April, with the level holding firm as support.
If the price holds above $0.395, it could indicate a potential trend reversal. A bounce from this level might push Sonic toward resistance near $0.540, a zone tested in mid-April. The increased trading volume supports the possibility of a sharp move in either direction.
A break below $0.395 could lead to further declines. Support levels often turn into resistance once breached, a common occurrence in volatile crypto markets. The next significant support lies around $0.347, a low recorded in early March 2025.
Technical Indicators and Price Risks
The candlestick chart reveals Sonic's recent price action. After peaking near $0.620 in mid-April, the price entered a downtrend, forming lower highs and lower lows. The current price of $0.4483 reflects a 3.23% drop within the last 12 hours, as shown in the chart data.
The $0.395 level aligns with a historical support zone between $0.400 and $0.385. This range has been tested multiple times since March 2025. A failure to hold this support could accelerate selling pressure, potentially driving the price toward the $0.347 level.

The Terra proposal dubbed 12141 and titled “Dealing with #CoinMarketCap   and other listings” seeks the community’s approval to gain access to TerraForm Lab’s listed #TerraClassic   on cryptocurrency aggregators like CoinMarketCap the world’s most trusted and accurate source for crypto market capitalizations.

These platforms display key information about crypto assets, such as price data, #tradingvolume , and links to official websites, which are vital for the visibility and reputation of the token. Despite TFL’s bankruptcy, it is still the sole entity that has the ability to log in and control these important management systems. No one else can access or update them without these “keys.” Notably, network validators Interstellar Lounge, JESUSisLORD, LUNCLIVE, moonshot, and Community First $LUNC
were first to vote “Yes” with 99.95% votes in favor.

Allnodes, a node hosting, and validator service has volunteered to temporarily take responsibility for managing access to these dashboards and any related agreements. As a custodian, Allnodes will safeguard and oversee these access rights until the TerraClassic governance decides on a long-term solution.

In other developments in the Terra ecosystem, OrbitLabs a cutting-edge blockchain development team that offers comprehensive solutions for both on-chain and cross-chain decentralized applications, submitted a proposal to the Terra Luna Classic Ecosystem. The primary goal of the proposal is to remove forked modules in the network’s standard upstream modules that have caused the Terra Classic codebase to move further away from the original or “upstream” version. This has increased divergence, driving up maintenance costs because it requires more effort to manage and support the differing codebases.

The Singapore-based company filed for Chapter 11 bankruptcy in Delaware following the collapse of its algorithmic stablecoin UST and its companion cryptocurrency $LUNA
, which precipitated a market implosion wiping out around $40 billion in value last year.

As part of the bankruptcy process, the company may be forced to wind down its operations leading to the closure of its products and services such as the Alliance Hub, Mantlemint, FCD, and API services. If no third parties take them over, the company will shut down on October 30. #LUNC✅   trades at $0.00009238, gaining 0.99% in the last 24 hours as its trading volume surged 73.14% while its market cap stands at $526 million.
#BinanceBlockchainWeek

XRP has recently experienced a significant surge in trading volume, drawing attention from investors and analysts alike. Despite this heightened activity, the cryptocurrency faces a formidable resistance at the $2.30 price level.​
Key Highlights
Trading Volume Surge: XRP's trading volume on Coinbase soared by an astonishing 9,640% within 24 hours, reaching $438 million. This surge is attributed to increased market volatility and growing investor interest.Price Resistance at $2.30: Despite the volume spike, XRP struggled to break past the $2.30 resistance level, indicating a potential consolidation phase before any further upward movement. ​
Market Analysis
Institutional Interest: The surge in trading volume coincides with growing institutional interest in XRP. Reports suggest that XRP depositary receipts (DRs) may soon be available, allowing investors to gain exposure to XRP without directly purchasing the asset from cryptocurrency exchanges.Global Trading Activity: XRP's trading activity isn't limited to the U.S. markets. On South Korean exchanges like Upbit, XRP's trading volume hit $3.7 billion in just 24 hours, surpassing Bitcoin's volume during the same period.
Technical Outlook
Support Levels: Analysts are closely watching the $2.20 and $2.15 levels as potential support zones. Maintaining these levels could be crucial for XRP to attempt another breakout.​Resistance Levels: A successful breach of the $2.30 resistance could pave the way for XRP to target higher price points, potentially revisiting previous highs.​
Future Outlook
The recent surge in trading volume and growing institutional interest suggest that XRP is poised for significant developments. However, the cryptocurrency must overcome the $2.30 resistance level to sustain its upward trajectory. Investors should monitor market trends and technical indicators closely in the coming days.​

#XRP #CryptoMarket #TradingVolume

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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.

Amid the key news, $LUNC
price climbed 2% in the last 24 hours, with the price currently trading at $0.00009136. The 24-hour low and high are $0.00008905 and $0.00009181, respectively. Moreover, the #tradingvolume has increased by 15% in the past 24 hours, indicating a rise in interest among #traders .

Coinglass data indicate 1000LUNC open interest on Binance and #Bybit has jumped more than 3% in the past 24 hours. This indicates that derivatives traders are actively buying #TerraLunaClassic .

Meanwhile, $USTC
price climbed more than 4%, with the price now trading at $0.02199. Moreover, the trading volume saw a 32% rise in the last 24 hours.
#APTSurpassesSUI