Has been in a prolonged downtrend, but signs now point to a potential major reversal. For over 200 days, price has been consolidating around the 0.18 zone, with buyers consistently defending this level as a strong support base. This extended accumulation phase suggests the market is preparing for an explosive move, as consolidation at strong support often precedes significant rallies. Current conditions present an excellent opportunity to DCA near the 0.18-0.2 zone

SONIC has reverted back to the $0.18 high time frame support, a level in confluence with the value area low. This zone could serve as the base for a bullish reversal if a swing failure pattern (SFP) forms and demand returns, opening the door to $0.26 and potentially $0.34. For weeks, SONIC has been consolidating around the $0.18 mark, a level that has acted as a major support zone on higher timeframes. Each test of this area underscores its importance, as buyers repeatedly defend it. However, the market is yet to confirm a decisive reversal, and volume behavior will be critical in determining whether this level sparks a meaningful bounce or eventually gives way to further downside. Key Technical Points: - High Time Frame Support at $0.18: Confluent with the value area low, this zone remains a structural pivot. - Liquidity Grab Potential: A swing failure of the current low could establish a reversal if backed by volume. - Targets at $0.26 and $0.34: Sustained bullish momentum opens the path to these upside objectives. The $0.18 level has emerged as a cornerstone of SONIC’s price action. Its alignment with the value area low makes it a key battleground for bulls and bears. Price has reverted here multiple times, reflecting both the resilience of this support and the lack of conviction for a clean breakout higher. A potential bullish scenario lies in the formation of a swing failure pattern. If SONIC dips slightly below its recent low, triggering stop-loss liquidity before reclaiming the level, this would serve as a liquidity grab—a classic signal of accumulation. For this setup to play out, however, bullish volume must accompany the rebound. Without an influx of demand, even a liquidity grab risks failing to sustain momentum. The first upside target following a confirmed reversal is $0.26. This zone represents the next logical resistance based on prior price interaction and volume concentration. A break and acceptance above it would establish momentum for an extended move toward $0.34, a region that aligns with previous distribution levels. On the flip side, if $0.18 fails to hold and sellers drive price lower without a strong reaction, the volume profile becomes critical. A decline in bullish participation at such levels could leave SONIC vulnerable to further downside, potentially stretching the current consolidation into a deeper corrective phase. What to Expect in the Coming Price Action: As long as SONIC holds $0.18, the setup for a liquidity grab and bullish reversal remains valid. A swing failure followed by an influx of buying volume could initiate a rotation first toward $0.26 and, if momentum persists, to $0.34. Conversely, failure to reclaim $0.18 decisively would weaken the bullish case and shift focus to monitoring lower supports.

#SONIC #SONICUSD #SONICUSDT #Analysis #Eddy A reversal structure has formed on the weekly and daily time frames, and the necessary confirmations have been given on the weekly time frame. Considering the structure formed on the above time frame, as well as the behavior of this currency in the past chart, it is expected that this currency will perform a good pump. I have identified the important supply and demand zones of the higher timeframe for you. This analysis is based on a combination of different styles, including the volume style with the ict style. Based on your strategy and style, get the necessary confirmations for this analysis to enter the trade. Don't forget about risk and capital management. The responsibility for the transaction is yours and I have no responsibility for your failure to comply with your risk and capital management. 💬 Note: The red order block cannot stop the growth of the price of this currency and by 0.66 cents this currency will be pumped more than 230%. Be successful and profitable.

Perhaps this is a cup and handle pattern, and if that's the case, it could push the price up to around 65 cents. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

FTM has now officially been replaced on most exchange and is now trading as Sonic. At first we saw an initial drop, typical "sell the news" actions, but now there is a bullish pattern forming in the 4h timeframe. SONIC is bullish because: ✅ Upwards trendline trading ✅ Higher Lows ✅ Bullish chart pattern: W-Bottom _______________ BYBIT:SONICUSDT

Perhaps this is a cup and handle pattern, and if that's the case, it could push the price up to around 65 cents. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

No reason not to start picking some up here—just took out the previous swing high before forming new lows. Now establishing a solid base after reclaiming a key pivot area. Targeting 70c on this move. SET:SONIC

BYBIT:SONICUSDT | 12h Price deviated below its swing low. This one looks good, if it can hold .28 to .24 level, we can see it retesting .40 to .46 area Setting stoploss below .20

Perhaps this is a cup and handle pattern, and if that's the case, it could push the price up to around 65 cents. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

As you can see, the price is likely forming a Rounded bottom or cup and handle pattern. If our assumption is correct, we should wait for this patterns to break out to see a price increase. Give me some energy !! ✨We spend hours finding potential opportunities and writing useful ideas, we would be happy if you support us. Best regards CobraVanguard.💚 _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ ✅Thank you, and for more ideas, hit ❤️Like❤️ and 🌟Follow🌟! ⚠️Things can change... The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!