Sonic Price Prediction: S Surges 5% But Traders Buy This New Meme Coin Offering Free Bitcoin
The Sonic price has surged 5% in the last 24 hours to trade at $0.8551 as of 7 a.m. EST on a 30% pump in trading volume to $384 million. Sonic Price Breaks Bearish Channel, Eyes Rally Toward $1.00 The S/USDT 45-minute chart shows the market structure, transitioning from a strong bullish rally to a period of consolidation within a bearish channel. Initially, the price surged upward, reflecting strong buying momentum, before facing resistance and retracing into a downward-sloping channel. However, the price shows signs of a potential breakout from the bearish channel, which could trigger a new upward movement. The current price is trading at $0.8561, with the support zone between $0.8145 and $0.8464, and the resistance zone near $1.00. The bearish channel formation, characterized by lower highs and lower lows, suggested a temporary decline in momentum. However, recent price action indicates buyers are stepping in, attempting to push the price out of this structure. Several buy (...