SpookySwap and THENA Enable 60x Leverage Trading
Integration of Perpetual Trading: SpookySwap and THENA have launched on-chain perpetual trading using Orbs' Perpetual Hub Ultra, allowing leverage of up to 60x across over 300 trading pairs, marking a significant advancement for decentralized exchanges (DEXs) on Sonic and BNB Chain.
Enhanced Trading Features: The new system utilizes Orbs' modular infrastructure for efficient order routing and liquidity sourcing, enabling DEX users to access deep liquidity and customizable perpetual markets without the need for native liquidity pools.
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Technical Analysis for SONIC
Technical Sentiment Analysis for Sonic SVM (SONIC) As of , Sonic SVM (SONIC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SONIC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SONIC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sonic SVM (SONIC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0135 | 0.0238 | 0.0338 | 0.044 | 0.054 | 0.0642 | 0.0742 |
| Fibonacci | 0.0238 | 0.0315 | 0.0363 | 0.044 | 0.0517 | 0.0565 | 0.0642 |
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