Sonic price is making a strong impression on the charts this week. The price is up 11% today, sitting around $0.2726, and trading volume has climbed 15%. A couple of big announcements are behind this fresh momentum, and traders are clearly paying attention.
First, CMCC Global announced a $25 million ecosystem fund on September 30. The fund is designed to back DeFi protocols and consumer apps on Sonic, using its Fee Monetization model to reward developers.
That news alone sparked a big reaction, $161 million in trading volume in just one day. Venture capital usually brings confidence, and while the long-term results depend on real adoption, the short-term hype has already pushed Sonic higher.
On top of that, Mitchell Demeter, best known for creating the first Bitcoin ATMs, stepped in as Sonic’s new CEO on September 29. His arrival lines up with Sonic’s push into the U.S., including a $50 million ETF initiative and a New York‑based entity. Leadership changes can often reset market expectations, and in this case, it’s feeding into the excitement.
— Crypto Coin Show (@CryptoCoinShow) September 30, 2025
BREAKING: @SonicLabs, $S, Appoints @MitchellDemeter as the new CEO.
His focus will be on U.S. Growth, building institutional partnerships, DAT's, & bringing the Sonic ecosystem to the center of global finance. pic.twitter.com/c8lgCvOYaJ
The growth in users is also hard to ignore. In just the past week, over 241,000 new addresses joined Sonic, bringing the total to more than 3.2 million. The timing around the Sonic Singapore Summit and all the new partnerships suggests this is the start of a new phase for the project.
241,846 new members of the @SonicLabs community in just 7 days.
— SonicStrategy (CSE: $SPTZ | OTC: $DBKSF) (@sonic_strategy) October 1, 2025
Total unique addresses: 3.2M+.
The @SonicLabs$S ecosystem is expanding faster than ever fueled by big announcements, new partnerships & fresh leadership from the Singapore Sonic Summit.$DBKSF
$SPTZpic.twitter.com/fm0cLswe4r
What the Sonic Chart Is Showing
The 4H chart tells the story of a strong rebound. Sonic price bounced from the $0.24 zone and is now pushing up toward $0.27–$0.28.
That’s right against a long‑term descending trendline that has been holding the price down since mid‑summer. If Sonic can break through $0.28, it would be a strong sign that the trend is flipping back in the bulls’ favor.
The RSI is around 65, which means momentum is heating up but hasn’t yet tipped into overbought territory. That gives Sonic more room to run before buyers start to cool off. The MACD is also bullish now, with the lines crossing up and pointing higher — another positive signal.
Trading activity is backing up the move. Volume is up 15%, and open interest across exchanges is climbing, showing traders are positioning for more volatility. Put simply, there’s fresh money flowing into Sonic, and it’s showing up in the price action.
Fundamentals are giving bulls something to hold onto too. The new fund, a high‑profile leadership shift, and user growth all make the project more attractive. Still, Sonic’s 30‑day performance is down nearly 10%, a reminder that execution risks and strong competition are still in play.
Sonic Price Short‑Term Outlook for October
So what’s next? The key level to watch is $0.28. If Sonic breaks above it with conviction, $0.32 comes into view pretty quickly, with $0.36 as the next big level.
If the momentum around the Singapore Summit continues, even a push toward $0.40 later this month isn’t off the table.
On the flip side, if Sonic price struggles to break above the trendline, it could drift back toward $0.25 support. But given the adoption numbers and bullish catalysts, October is shaping up to favor the upside.
All in all, Sonic looks like it’s entering a new chapter. This month could be when it finally breaks out of the downtrend and starts moving toward higher ground.