- Sonic’s native token — S, surged 7% after CMCC Global launched a $25M ecosystem investment fund.
- Resonance fund targets DeFi protocols, liquidity growth, and sustainable revenue for developers.
- Technicals show recovery signs, with resistance at $0.28 and support near $0.24.
Sonic — S , recently delivered a sharp 7% rally, adding $50 million to market value in a single day. The surge came after CMCC Global revealed a $25 million fund called Resonance. This fund targets DeFi projects and consumer applications, aiming to strengthen liquidity within the Sonic ecosystem. Traders reacted quickly, sending daily volume up 70% to $126 million. With fresh institutional backing and rising momentum, Sonic may be entering an important growth phase.
CMCC Global Boosts Sonic Ecosystem
CMCC Global designed the Resonance fund to accelerate innovation across the Sonic network. The program will support developers who adopt Fee Monetization, a model offering sustainable rewards for smart contract creators. Such backing signals confidence from institutional players and highlights Sonic’s growing role in DeFi. Mitchell Demeter, the newly appointed CEO of Sonic Labs, praised the initiative.
He emphasized that Resonance provides meaningful resources for builders and innovators. His comments underscored the view that institutional engagement validates Sonic’s long-term prospects. Sonic network has been on an expansion drive throughout 2025. Since launching last December, Sonic secured major exchange listings and integrated native USDC issuance.
Also, Sonic adopted Chainlink’s Cross-Chain Interoperability Protocol , creating bridges across multiple networks. These moves set the stage for broader adoption and stronger utility. Momentum does not stop there. On August 31, Sonic approved a $150 million expansion program. That plan included a $50 million ETF campaign and a $100 million investment pool.
Sonic Price Chart Signals Recovery
Market data shows the Sonic token trading near $0.26 with a capitalization of $750 million. Technical indicators are beginning to favor buyers after weeks of consolidation. The RSI has moved out of oversold territory, hinting at stronger demand. A push above 50 on the RSI could confirm bullish strength. Resistance levels now sit at $0.28 and $0.33, areas where buyers face tough battles.
Bollinger Bands reveal a rebound from the lower band, often a signal of reversal. If price breaks the mid-band near $0.28, upward momentum may extend further. Traders eye $0.33 as the next key target for continuation. Still, caution remains necessary. The support zone around $0.24 acts as a defensive wall for bulls. Losing that level could weaken momentum and attract more selling pressure.
For now, price action favors recovery, but traders watch closely for confirmation. Sonic’s recent surge reflects more than just numbers on a chart. The combination of institutional investment, expanding utility, and technical recovery paints a promising picture. Confidence is growing, and with the right conditions, Sonic could push higher in the weeks ahead.
