Sonic (prev. FTM) ($S) Crypto Forecast: Up 18.7% Today

What is Sonic (prev. FTM)?

Sonic (S), previously known as Fantom (FTM), is a cryptocurrency token that has experienced a strong bullish movement in the market today.

Why is Sonic (prev. FTM) going up?

S crypto is up 18.7% on Feb 12, 2026 6:35

• Sonic Labs' vertical integration has fueled the recovery in the S token, leading to a significant price increase.
• The rebound of over 12% the previous day has likely attracted more investors and traders to the token, contributing to its bullish momentum.
• The positive market sentiment surrounding Sonic (S) indicates growing confidence in the project's developments and potential future performance.

S Price Chart

S Technical Analysis

S News

Sonic Labs’ vertical integration fuels recovery in S token

Sonic (S), previously Fantom (FTM), is extending its recovery trade at $0.048 at the time of writing on Thursday, after rebounding by over 12% the previous day.

https://www.fxstreet.com/cryptocurrencies/news/sonic-labs-vertical-integration-fuels-recovery-in-s-token-202602120556

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Sonic (prev. FTM) Price History

02.11.2025 - S Crypto was up 12.4%

• The bullish movement of token S can be attributed to the overall positive sentiment in the cryptocurrency market, especially with Bitcoin attracting significant new capital and demonstrating strong price gains.
• The firing back of Tether's CEO at a rating agency regarding the downgrade of USDT may have caused some uncertainty in the stablecoin market, potentially leading investors to seek alternative cryptocurrencies like token S.
• The market's focus on stablecoins, tokenization, and off-exchange settlement may have influenced investors to diversify their portfolios into tokens like S, contributing to its bullish movement.
• The evolving market architecture, with a shift towards high-liquidity majors like Bitcoin and stablecoins dominating on-chain settlement, could have created a favorable environment for token S to experience bullish momentum.

05.11.2025 - S Crypto was down 5.1%

• The bearish movement of S can be attributed to the negative sentiment in the overall cryptocurrency market, as reflected in the weakening demand indicators such as ETF outflows and declining futures open interest.
• The market structure resembling Q1 2022, with over 25% of supply underwater and rising realized losses, has heightened sensitivity to macro shocks, potentially contributing to the bearish movement of S.
• The underpriced options relative to realized volatility and the shift in options market sentiment towards cautious call selling indicate a lack of renewed risk appetite, further dampening the bullish prospects for S.
• Holding within the critical quantile band of $96.1K–$106K is essential for stabilizing market structure and reducing downside vulnerability, highlighting the importance of key support levels for S amidst the current fragile market conditions.

26.09.2025 - S Crypto was up 5.2%

• The bullish movement of S today could be attributed to the positive news of T. Rowe Price filing for an actively managed cryptocurrency ETF. This news indicates growing mainstream acceptance and adoption of digital currencies, boosting investor confidence in the overall market.
• The filing with the SEC suggests that institutional investors are increasingly looking to diversify their portfolios with exposure to cryptocurrencies, leading to increased demand for tokens like S.
• The announcement of the ETF could also be seen as a validation of the legitimacy and potential long-term value of cryptocurrencies, attracting more investors to the market and driving up prices.

13.10.2025 - S Crypto was down 5.7%

• The bearish movement in the cryptocurrency token S today can be attributed to the broader market sentiment, where Bitcoin is struggling to break out of its defined range.
• Seller exhaustion near the $100K level and a lack of strong follow-through demand are contributing to the overall bearish tone in the market.
• ETF outflows, muted funding rates, and low open interest indicate subdued speculative engagement, reflecting a cautious approach from investors.
• The market is currently consolidating and awaiting stronger inflows or macro catalysts to potentially break out of the current equilibrium, keeping the cryptocurrency token S within a bearish trajectory.

18.11.2025 - S Crypto was down 6.0%

• The bearish movement in the cryptocurrency token S could be attributed to:
• Increased negative gamma exposure in the options market, leading to amplified selling pressure as prices fell.
• Dealers hedging their positions by selling as prices dropped, contributing to short-term volatility.
• The flow-based Gamma Exposure (GEX) measure tailored to crypto options markets may have indicated areas where dealer hedging flows destabilized the market, resulting in the bearish movement.
• Traders may have responded to the negative GEX pockets by adjusting their strategies, potentially leading to accelerated downward price movements.

01.11.2025 - S Crypto was down 6.0%

• The bearish movement of S is believed to be linked to the controversy surrounding Tether (USDT), a stablecoin closely associated with many cryptocurrencies, including S.
• The discord between Tether's CEO and S&P Global Ratings could have prompted concerns among investors regarding the reliability and transparency of USDT, impacting the broader cryptocurrency market.
• The rebuttal of S&P's evaluation by Tether's CEO likely introduced uncertainty in the market, leading to a sell-off of assets like S as traders sought safer alternatives amid the instability in the stablecoin sector.

15.09.2025 - S Crypto was down 6.0%

• The bearish movement in the cryptocurrency token S can be attributed to macro stress and extreme leverage triggering a significant deleveraging event in the derivatives market.
• The drop below key cost-basis levels placed top buyers in loss, indicating near-term fragility in the market.
• Cooling demand and continued distribution by Long-Term Holders, along with weakened ETF inflows, suggest softening institutional appetite, contributing to the downward pressure on the token.
• The options market saw a spike in volatility and a shift in skew towards put options, indicating traders rushing to hedge against further downside risks.

15.09.2025 - S Crypto was down 5.6%

• The bearish movement of S could be attributed to the overall market sentiment and profit-taking behavior among investors.
• The partnership between S&P Global and Chainlink to integrate stablecoin rating on-chain may have diverted investor attention towards stablecoins, impacting the demand for riskier assets like S.
• The anticipation of ETF approvals for Litecoin and Hedera could have led investors to reallocate their funds from S to these potentially upcoming ETFs, causing a bearish movement in S.
• The market's sensitivity to regulatory news and the ongoing US government shutdown may have added uncertainty, prompting traders to take a cautious approach towards S, resulting in the bearish movement.

12.01.2026 - S Crypto was up 18.7%

• Sonic Labs' vertical integration has fueled the recovery in the S token, leading to a significant price increase.
• The rebound of over 12% the previous day has likely attracted more investors and traders to the token, contributing to its bullish momentum.
• The positive market sentiment surrounding Sonic (S) indicates growing confidence in the project's developments and potential future performance.

08.09.2025 - S Crypto was down 6.0%

• The bearish movement of S could be attributed to the overall decline in Litecoin (LTC) and Hedera (HBAR) prices.
• The delay in ETF approvals for Litecoin and Hedera due to the US government shutdown might have created uncertainty and led to selling pressure in the cryptocurrency market, including S.
• Investors may be cautious and hesitant to hold onto S and other cryptocurrencies until there is more clarity on the approval of ETFs, impacting the token's price negatively.
• The market sentiment towards cryptocurrencies like S could remain bearish until there is a resolution regarding the ETF approvals and the end of the government shutdown.

08.09.2025 - S Crypto was down 5.0%

• Bitcoin climbed past significant resistance levels to hit a new all-time high close to $126k, fueled by increased spot demand and substantial ETF inflows exceeding $2.2B.
• Despite this bullish breakthrough, escalating leverage and crowded call positions have introduced short-term vulnerability, leading to a price decline.
• Market sentiment remains positive overall, but increased profit-taking and leverage accumulation have contributed to today's bearish trend.
• Ongoing market dynamics, such as optimism in the options market and institutional interest, indicate Bitcoin's strong upward trend, though it remains susceptible to profit-taking and leverage adjustments, influencing today's bearish movement.

05.10.2025 - S Crypto was up 10.7%

• Bitcoin has dipped below the Short-Term Holders’ Cost Basis, signaling diminishing demand and the conclusion of its previous bullish trend, leading to a consolidation phase near the $100K mark.
• Long-time holders have been gradually reducing their holdings since July, suggesting a decrease in confidence among experienced investors.
• Institutional interest has waned, as evidenced by continuous outflows from U.S. spot Bitcoin ETFs, which correlates with the broader decline in prices.
• Traders in the options market are currently emphasizing the importance of hedging strategies over accumulation, with a noticeable increase in put options demand and rising premiums for the $100K strike.
• The market is currently delicately balanced, reflecting a cautious approach among traders as they anticipate a potential resurgence in demand to drive prices back up.