Sonic price action is showing clear signs of weakness following its recent pump, with momentum beginning to fade and structure shifting bearish. Despite the initial surge, the move lacks sustained bullish volume, which is often a key requirement for continuation in trending markets.
The absence of strong follow-through buying suggests that the recent upside may have been driven more by short-term speculation rather than genuine demand. As a result, price is now at risk of rotating lower as the market seeks stronger areas of support.
From a structural standpoint, the next key level to watch sits around the $0.03 region, where previous support and potential demand could come into play. This zone will be critical in determining whether price can stabilize or continue its decline.
If bearish pressure persists, a move toward this level becomes increasingly likely. However, the reaction at $0.03 will be the deciding factor. A strong bounce supported by volume could signal a temporary bottom and potential reversal, while a weak response would open the door for further downside continuation.
For now, Sonic remains in a corrective phase, with the market leaning toward a lower support retest before any meaningful recovery.
The absence of strong follow-through buying suggests that the recent upside may have been driven more by short-term speculation rather than genuine demand. As a result, price is now at risk of rotating lower as the market seeks stronger areas of support.
From a structural standpoint, the next key level to watch sits around the $0.03 region, where previous support and potential demand could come into play. This zone will be critical in determining whether price can stabilize or continue its decline.
If bearish pressure persists, a move toward this level becomes increasingly likely. However, the reaction at $0.03 will be the deciding factor. A strong bounce supported by volume could signal a temporary bottom and potential reversal, while a weak response would open the door for further downside continuation.
For now, Sonic remains in a corrective phase, with the market leaning toward a lower support retest before any meaningful recovery.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
Join the Free Trading Group
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Telegram: t.me/freetradingden 🔥
Claim $1000 Deposit Bonus 🎁
Trade with perks & support the community!
partner.blofin.com/d/TheAlchemist
Stay sharp, trade smart.
— Team The Alchemist ⚔️
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.