Price Analysis of SONIC TOKEN (SONIC) and Chainbing (CBG)

The price analysis data surrounding SONIC TOKEN (SONIC) suggests that in the past 24-hours, the price of SONIC TOKEN has surged by 3461.18% in the past 24-hours. According to data from TradingView, the value of SONIC TOKEN was sitting at $0.0000029 per SONIC.

However, in a 24-hour trading period, SONIC TOKEN’s price has been pushed up to $0.0001048 per SONIC. The rise in the trading value of SONIC TOKEN goes to display the strong power that the investors have demonstrated in the past 24-hours.

As of now, even the trading volume for SONIC TOKEN is hovering around $354,730 has reportedly surged by 557.07% in the past 24-hours.

According to analysis, although the price of SONIC TOKEN may not surge at the same rate being observed, it may continue for a longer period of time.

In the near future, the price of SONIC TOKEN may continue increasing and it may grow up to $0.0006288 per SONIC. Once SONIC TOKEN reaches its first milestone, the rally may start facing but it may continue at a lower level compared to the current one.

If the investors keep aiming for a higher price and keep investing, then the price of SONIC TOKEN may get pushed up to $0.002200.

As the rally starts to die down and the investors start settling with their accumulations, the price of SONIC TOKEN may reach up to $0.004951 per SONIC.

On the contrary, the bears may take strong action against the bulls with their intensified selling power. This would result in pushing the price of SONIC TOKEN down to $0.00008384 per SONIC.

This may end up confusing the investors as they may want to know which side SONIC TOKEN may lean. In that situation, if the bears are able to take the lead, they may succeed in pushing the price of SONIC TOKEN down to $0.00006866 per SONIC.

If more investors get on board with the bears in their selling activity, then its price may plunge even deeper. In the upcoming days, the price of SONIC TOKEN may dip to $0.00006037 per SONIC.

Then it is Chainbing (CBG) that has also observed a 637.54% surge in the past 24-hours. Due to the surge, Chainbing’s price has moved up to $20.80 per CBG. Alongside the price of Chainbing, its trading volume has also gone up to $610,747,133.

At the moment, the number of optimistic investors is more than the number of pessimistic investors. This would mean that Chainbing has a higher chance of growing than diving in the upcoming days. If the price of Chainbing grows due to high buying demand, then its price may grow up to $52.00.

If more investors start backing the high trend of Chainbing, then its price may grow up to $78.65 per CBG.

Author: Jerry Dedmon

Jerry Dedmon is a new writer on Cryptocoin Stock Exchange, his articles are cryptocurrency news, analysis and blockchain news based. We recommend tuning in for Jerry's daily posts as they are always a great and interesting read.

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