Sonic [S] traded near $0.05472 on October 13 after reaching $0.07379 earlier in the trading session, representing a retreat of approximately 26% from the intraday high. The token was down 3.05% from its previous daily close at the time of writing.
Technical analysis shows sustained selling pressure. The accumulation/distribution line, which tracks buying and selling volume, improved during an attempted recovery but dropped steeply over the latest two daily candles, suggesting weakening support.
Immediate support levels sit around $0.0523–$0.0500. A breach of the $0.05 level could push the token toward $0.0445–$0.0463. Conversely, recovery through $0.0600–$0.0610 would need to clear larger resistance near the recent highs around $0.069–$0.074.
October 15 airdrop deadline approaches
Sonic announced in April that October 15 marks the final claim deadline for its first two airdrop seasons. Unclaimed tokens will be burned, and any holder can trigger that process. As of Sonic's last announcement, approximately 32.69 million S remained unclaimed, though this figure could decline as more users claim their allocations.
Separately, Sonic disclosed last month that it commissioned an independent supply audit and will halt manual minting, though automated issuance for validator rewards will continue.
