DEX Sonic volume increased by 17% – Is a trend reversal imminent?

Sonic (S) has been fluctuating near the support level of $0.316 for several days, forming a potential double bottom pattern, while the total value locked (TVL) of the network consolidates above $2 billion.

This level has remained stable since the end of April, despite broader market corrections. The current chart structure reflects a consolidation phase, not a capitulation.

Breaking through the resistance level of the downtrend can confirm a reversal and attract capital that is currently on the sidelines. If the momentum strengthens, the next price target for testing will be $0.409.

Motivation for the bulls?

In the past seven days, the DEX trading volume of S has increased by 16.97%, reaching over 539.95 million dollars. The increase in decentralized trading activity highlights the growing user interaction level, even as the DEX/CEX dominance rate is only 0.32%.

The low DEX ratio indicates that most of the volume is still flowing through centralized platforms. However, the rising DEX figures may signal that users are seeking more control in the context of unstable market conditions.

If this trend continues, it could mark a shift in support behavior for long-term price growth.

Source: Trading View## Smart money begins to accumulate

Spot market data shows $4.13 million in inflows compared to $3.55 million in outflows on June 17.

Although the net cash flow remains neutral, recent sessions have recorded accumulation activity as prices drop, with outflows dominating in small rallies.

This behavior signals investors' caution, but it also reflects confidence in S's structural support. The absence of large sell-offs near the support level of $0.316 further reinforces that it is an important level.

Therefore, the restricted outflow of funds in the spot market signals a potential bullish breakout setup.

Source: Coinglass## Are the whales back?

Major investors have significantly increased their exposure, with a net inflow surge of up to 1,170% over the past seven days. Such a sudden increase indicates strong accumulation activity by whales, likely in anticipation of a reversal from the current lows.

In history, such moves often precede strong price increases – especially when the technical setup aligns with fundamental factors.

With Sonic still trading below the important resistance level and whales actively participating, this accumulation phase may mark the early stages of a trend reversal.

Source: IntoTheBlock## Pessimistic sentiment paves the way for opportunity

On-chain indicators show that 96.61% of Sonic holders are currently at a loss at the time of writing, with only 3.27% in profit. This significant imbalance suggests a prevailing pessimistic sentiment in the market.

However, this also creates a favorable setup - short-term profit-taking pressure is limited and the potential for price increase is very large if the resistance levels are broken.

Pessimistic sentiment often creates unexpected volatility, especially when catalyst factors such as whale accumulation and increased DEX volume emerge.

Source: IntoTheBlock## Can Sonic breakout and increase in price?

Sonic has shown many signals of potential bullish reversal at the time of writing, with strong accumulation activity from whales, increased DEX activity, and a solid TVL base of 2 billion dollars.

The price action has firmly maintained the level of $0.316, forming a promising double bottom structure. With 96% of holders still at a loss, the breakout potential will be significant if this important resistance level is breached.

The combination of technical and fundamental strength can trigger a change in market sentiment and ignite a sustainable bull run.

Dinh Dinh