CRO dip as ICP rebounds and Sonic sees 89% surge in active addresses
Main Idea
The article discusses recent market movements of ICP, CRO, and Sonic tokens, highlighting ICP's rebound, CRO's decline, and Sonic's surge in active addresses despite price drops.
Key Points
1. ICP rebounded after an initial drop, struggling to stay above resistance levels, with interest sparked by the launch of Caffeine AI.
2. CRO dropped 11% in 24 hours, but whales continued accumulating, suggesting potential for recovery if support levels hold.
3. Sonic saw an 89% surge in active addresses, but its price dropped over 7% due to selling pressure and reduced speculative interest.
4. Long-term forecasts for Sonic remain optimistic, with potential price targets of $0.53 in 2025 and up to $5.47 by 2031.
5. The article also mentions unrelated content about other cryptocurrencies and market news, which appears to be noise or ads.
Description
Despite a temporary rebound for Internet Computer (ICP) and persistent buyer interest in Cronos (CRO), both tokens faced short-term pressure from profit-taking and shifting sentiment, even as Sonic grabbed headlines with a sudden spike in user engagement and network usage. ICP rebounds after early drop but struggles with resistance Internet Computer’s native token, ICP, initially slid 3.5% on the day, dipping from around $5.39 to $5.27 during early trading hours. This intraday selloff appeared t...
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