Layer 1 · rank #244

Sonic S

$0.0307-1.0% 1d+10.4% 7d+29.8% 30d

Red List Phoenix · weekly · score 46.0 bullish lean

Monthly: forming bar is a green inside bar. Last confirmed swing low 0.03668 (Feb 2026). Current low 0.01898 is unconfirmed — it confirms above 0.04121.
Weekly: forming bar is a red 2-Up. Last confirmed swing low 0.02613 (Sep 2026), week 1 of a cycle that has typically run 4. Cycle-low confidence 29%.
Daily: bar is a red 2-Up. Last confirmed swing low 0.02916 (2026-09-06), day 1 of a cycle that has typically run 5. Cycle-low confidence 52%.
Red List: 91% below the 2025-09-13 high; +62% off the 365-day low.
Phoenix: 96% decline over 11 months, weekly swing low confirmed (late (8 bars)), now +62% above the trough; pullback #3 confirmed 2026-09-07.
Gauges: Mayer multiple 0.88 (cheap); -92% from the all-time high.

From the peak to today, log scale

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

stopped falling, by the rules

Score 46.0

CoinGecko + DefiLlama, pulled 2026-09-07 .xlsx

Health50 / 100 · Sound

Liquidity (24h volume / market cap) can you get out	16.19 %	15.0 / 15
Supply overhang (FDV / market cap) unlocked supply waiting to sell	1.0 x	15.0 / 15
Size (market-cap rank) survivorship	244 #	3 / 15
Usage (price / annualized fees) fees people actually pay to use it (DefiLlama)	3816.7 x	0 / 20
TVL backing (market cap / TVL) capital parked in it (DefiLlama)	7.23 x	4.6 / 15
Fee momentum (30d vs prior 30d) is usage growing into the recovery	59.0 %	10.0 / 10
Age on Coinbase survived a cycle	1.2 yrs	2.0 / 10

7 of 7 measurable; score renormalized over what was measurable.