Fantom (FTM) Shows Strength Ahead of Sonic (S) Rebrand – Breakout Points to 50% Price Gain

Key Takeaways

• Fantom (FTM) has completed its rebrand to Sonic (S).
• The price is breaking out from a descending wedge.
• Can Sonic move above its main resistance at $1.10?

Fantom will fully complete its rebrand to Sonic on Jan. 16, finishing its listings in various exchanges. The new blockchain will greatly improve transaction speed and finality. Sonic has already reached  $100 million in Total Value Locked (TVL),  a positive sign for its ecosystem.

While the Sonic price has fallen in 2025, it has created a bullish pattern and attempts to break out.

Since the news of the rebrand has planted it firmly in the spotlight, it is worth looking at the price movement to see where it will lead next.

Fantom Sonic Rebrand

Starting in December 2024, Fantom was delisted from numerous exchanges, including Binance . However, this was a rebrand since the exchange removed eight FTM pairs and added eight S ones. Users will swap their FTM tokens with S at a rate of 1:1, and the exchange will automatically swap the pairs.

The team behind Sonic announced  that most centralized exchanges (CEX) have already started the swap. Withdrawals of FTM have already been suspended, while deposits of S tokens will start on January 16. Since no S pair exists in Binance futures, all open FTM/USDT positions will be automatically settled.

Coinbase also announced that FTM futures pairs  will be suspended starting January 24.

The total supply for S will be at 3.175 billion. The tokenomics are inflationary, with the first unlock being an airdrop of 6% of the supply six months after launch. 47.6 million tokens will be minted annually to support the network’s growth.

However, the maximum expansion of S is capped  at 15% until 2031 without including block rewards. This creates a 3.65 billion cap.

Sonic will also implement burning mechanisms. More notably, a portion of the airdrop will be burned for users who do not wait for the full maturation period, and tokens unused for network growth will also be burned.

Sonic Price Breakout

Sonic’s price has fallen since its 2024 high of $1.46 on Dec. 15. Most downward movement is contained inside a descending wedge. The wedge is considered a bullish pattern, meaning that it usually leads to breakouts.

To reiterate this bullish sentiment, both the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) have generated bullish divergences (green). Such divergences often lead to upward movements and could catalyze a breakout from the wedge.

If that happens, Sonic’s price can increase by over 50%, and the next resistance will be $1.10.

While the short-term outlook is positive, the long-term Sonic trend is undetermined. This is because the price deviated above the long-term horizontal resistance area at $10 (black circle) before falling below it.

So, while an upward movement toward $1.10 is likely, whether the price breaks out or down from the area will be key in determining the future trend’s direction.

A breakout can take the price above the 2024 high and toward $2. Conversely, a breakdown will likely lead to a retest of the $0.70 support area.

Future Trend Unclear

Fantom’s rebrand to Sonic was successful and supported by most CEXes.

The price will likely break out from its descending wedge pattern in the short term. However, the long-term trend is still unclear.