<ul data-eligibleForWebStory="true"><li>Sonic's native token, S, surged over 16% in value within 24 hours driven by positive developments including a planned Coinbase listing.</li><li>Increased trading volumes and technical recoveries also contributed to the surge.</li><li>Sonic launched incentive programs and integrated new features, attracting attention in the crypto market.</li><li>The Coinbase listing increased the token's accessibility and credibility among traders.</li><li>Trading volume spiked 77% to $270 million, open interest increased to $100.6 million, reflecting heightened speculation.</li><li>Sonic showed signs of reversal on the charts, reclaiming key support and breaking a May downtrend.</li><li>A recent airdrop of $82 million worth of S tokens and integration with DeFi aggregator 1inch fueled investor interest.</li><li>Resistance levels at $0.3571, $0.42, and $0.50 are being closely watched by traders for potential breakouts.</li><li>Longer-term targets, including the $0.60 resistance, present challenges but could lead to further upside with a breakout.</li></ul>

Why is the Sonic (S) Price Up Today?

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