SON Token Price Outlook Turns Bearish Ahead of February 6 Airdrop

Spur Protocol Price Prediction: SON Break Down After Coinstore Listing

SON Token has officially entered the market with its Coinstore listing, but has the price already shown its next move?

After weeks of consolidation, the $SON price has broken down sharply, raising questions among traders and investors about what comes next. 

With token claims around the corner and a clear technical breakdown on lower timeframes, the market is now at a critical turning point.

Let’s break down the SON Token price outlook in a clear and simple way.

Spur Protocol Listing and Key Project Updates

Spur Protocol was officially listed on Coinstore Exchange on February 2 at 9:00 AM UTC, marking an important milestone for the project. This listing brought fresh liquidity and trading interest to the market.

Token claiming will begin on February 6 at 11:00 AM UTC through the Spores Launchpad, and the vesting structure remains unchanged. At TGE, 10% of tokens are unlocked, with no cliff period, followed by 10% monthly releases until full vesting. This transparent schedule helps reduce uncertainty for holders.

Built on the BNB Chain, the official $SON contract address ensures full on-chain transparency and verifiability for participants.

Spur Protocol Price Action Signals Bearish Momentum

On the 15-minute chart, price action shows a clear bearish shift. The price traded sideways for an extended period near the $0.039–$0.040 range, forming a consolidation zone.

This structure broke down after a strong bearish impulse candle pushed the price below support. The breakdown sent the token quickly toward the $0.032 level, which now acts as the nearest demand zone.

This pattern reflects a classic range distribution, where buying interest fades at the top and sellers regain control once liquidity dries up.

Technical Indicators Confirm Selling Pressure

Momentum indicators strongly support the bearish scenario. The MACD has turned deeply negative, with expanding red histograms that show increasing downside momentum.

At the same time, the RSI has dropped into oversold territory, signaling aggressive selling pressure rather than a normal price pullback. While oversold conditions may trigger short-term bounces, they do not confirm a trend reversal on their own.

As long as SON trades below its former range support, sellers remain in control.

SON Token Price Prediction: Short-Term Outlook

In the near term, the price may attempt a relief bounce toward $0.034–$0.035 due to oversold conditions. However, this move would likely remain corrective rather than bullish.

If price fails to reclaim the $0.038–$0.039 zone, bearish pressure could push toward $0.030, with a deeper move toward $0.028 if selling accelerates.

Only a strong and sustained recovery above the broken range would invalidate the bearish structure and shift momentum back in favor of buyers.

YMYL Disclaimer

This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency investments are highly volatile. Always conduct your own research before investing.