Hold onto your hats, folks! Sonic has just strutted out of its gloomy downtrend like a cocky rooster at dawn, smashing through the market structure with all the grace of a drunken elephant. It’s retested its support at the Point of Control (POC) — yes, that’s fancy talk for “the busy bee zone where everyone trades” — and guess what? It’s aiming straight for that shiny $0.52 mark. Woohoo! 🥳
Our dear Sonic Token (soon to be the Belle of the Ball) vaulted out of its long, tiresome slump after grabbing hold of that sneaky support zone, the POC. It’s like finally finding your lost sock after months of searching beneath the sofa. The low low was around $0.26 — right at the bottom of the valley, where brave investors picked up the crumbs. Since then, Sonic has been zooming upward, making folks blink in disbelief and think, “Did I leave the oven on?”
After months of gloomy bearish weather, a shiny ray of bullish sunlight broke through. Sonic first kicked its way past $0.40 — the stubborn gatekeeper — and now, with its retest of the POC as sturdy support, it’s charging ahead, eyes blazing at the next shiny target, $0.52. If this keeps up, we might just be saying goodbye to the bearish blues!
Key technical points (the juicy bits):
- Market Structure Break: It’s like Sonic just knocked down a wall, escaping months of bearish gloom above the $0.40 level.
- Bullish Retest of POC: Retesting the POC is like giving it a good luck kiss — signaling strength, my friend.
- $0.52 Resistance in Sight: Target locked, sights set on the next big prize — if the bullish momentum keeps dancing.
It all kicked off near the yearly low of about $0.26 — a place with more history than your grandma’s stories. That zone, the volume profile’s “low point,” turned out to be Sonic’s springboard. Since then, it’s been climbing like a cat chasing a laser pointer, hitting higher highs and higher lows — a rollercoaster of hope and hype.
Breaking past $0.40 was a big “aha!” moment — previously a stubborn ceiling, now a stepping stone. And with the retest solid as a rock, it looks like the buyers have wrestled control back from the bears. The POC is now the rock under Sonic’s feet, supporting the march upward.
But, let’s not get ahead of ourselves. Volume is the secret sauce — so far, it’s been nudging upward, whispering “Yes, I believe!” but we really need a healthy feast of trading volume to confidently march towards that $0.52 peak. Otherwise, the sellers might come knocking with a grumpy frown.
What’s next? (Cliffhanger alert!)
If Sonic stays above $0.40 and volume keeps rolling in like a carnival parade, the chance of hitting that $0.52 target is as high as the sky. But beware — that level ain’t just a decoration; it’s a battleground where buyers and sellers will clash, deciding whether Sonic zooms further or takes a breather.
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2025-07-21 19:33