Sonic SVMの‌価格SONIC

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Sonic Labs has completed a $10 million strategic financing round, with Galaxy leading the investment to support its expansion in the U.S. market.

Sonic Labs Completes $10 Million Strategic Financing, Led by Galaxy According to official news, Sonic Labs announced the completion of a $10 million strategic S token financing led by Galaxy. This cooperation will accelerate Sonic Labs' expansion in the US market and provide key support for the development of its DeFi ecosystem. Galaxy has a network of more than 1,300 institutional counterparties, and this cooperation aims to bridge traditional finance with Sonic's high-performance blockchain infrastructure through its resources. Sonic Labs CEO Michael Kong said that Galaxy's joining will bring important market insights and resources to the ecosystem. This cooperation also reflects the confidence of institutions in blockchain technology to transform financial infrastructure.

As Bitcoin continues to surge, reaching its highest point since February and maintaining a market dominance of 65.7%, altcoin investors are closely monitoring the market for signs of a potential rotation. Despite Bitcoin’s remarkable 30% rally from its lows, the altcoin market has remained relatively subdued, presenting a compelling opportunity for traders eyeing a potential altcoin season. Bitcoin Dominance Reaches Critical Levels Bitcoin dominance has been steadily rising, driven by significant inflows into spot Bitcoin ETFs. With assets under management exceeding $111 billion and over $40 billion in accumulated inflows, institutional interest in Bitcoin has intensified. However, as Bitcoin dominance approaches the overbought level at 72.92%, a trend reversal may be imminent. Historically, when Bitcoin dominance hits such elevated levels, investors tend to rotate profits into altcoins, seeking higher returns. This trend could present a lucrative opportunity for those strategically positioned in promising altcoins. Altcoins Forming Bullish Patterns While Bitcoin dominance has been climbing, the altcoin market cap chart is exhibiting a bullish megaphone pattern. This pattern, characterized by two diverging trendlines, suggests that a potential rebound could be on the horizon. Additionally, many altcoins have completed the bullish XABCD harmonic pattern and are now forming the final CD leg. This technical setup indicates that a breakout could occur, potentially sparking a robust altcoin rally. Top Altcoins to Watch As Bitcoin dominance approaches a reversal zone, several altcoins are well-positioned for significant gains: 1. Polkadot (DOT): Currently trading near its all-time lows, Polkadot has formed a quadruple-bottom pattern. With strong support at $3.82 and a potential breakout target at $12, Polkadot could see a 200% upside if the market rotates into altcoins. 2. Chainlink (LINK): As the leading oracle network, Chainlink’s fundamentals remain strong. The formation of a falling wedge pattern and an inverse head and shoulders setup indicate that LINK may soon resume its bullish trend. 3. Uniswap (UNI): Despite a 74% decline from its highs, Uniswap remains the largest DEX by volume. With $51 billion in 30-day transactions and the successful launch of Unichain, UNI is positioned to capitalize on renewed DeFi interest. 4. Sonic (S): Formerly known as Fantom, Sonic has gained traction with over 69 dApps and $1 billion in total value locked. Its inverse head and shoulders pattern suggest a potential bounce, making it a compelling altcoin to watch. Market Outlook: A New Altcoin Season? While Bitcoin’s dominance has been impressive, its overbought status signals a possible correction. As traders take profits and rotate capital into undervalued altcoins, a robust altcoin season may be on the horizon. For investors seeking outsized gains, now could be the time to monitor key altcoins forming bullish patterns and prepare for a potential breakout as Bitcoin dominance reaches critical levels. Stay vigilant, as market rotations can be swift and lucrative for those positioned ahead of the curve. Stay tuned for further market updates as we track the evolving landscape and identify emerging altcoin opportunities. $BTC

🚍The market is closely watching the Federal Reserve's FOMC meeting today, with a 94% probability that interest rates will remain unchanged. Analysts suggest that Fed Chair Jerome Powell's speech could significantly influence Bitcoin's price, potentially causing it to swing between $91,500 and $100,000, depending on the tone of his remarks. $BTC $TRUMP $NOT $ETH $SOL $SONIC $DOGS $DOGE $CORE $SUI $PI