Sonic (S, formerly FTM) is rising today: what traders are watching (December 25)

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Sonic Surges 10.50% to $0.0747 Today

Highlights

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Anton Kharitonov, expert at Traders Union, sees Sonic's technical picture as deeply bearish, with price well below all key moving averages. He notes persistent selling, highlighted by bearish MACD and sellers’ dominance in Bull/Bear Power, despite today’s brief jump. With momentum mixed and daily oscillators diverging, he questions the reliability of the recent upside move. Absence of positive news further weakens conviction for any recovery. "S’s structural weakness suggests further declines are likely unless buyers reclaim $0.0893 with volume," Kharitonov warns.

Viktoras Karapetjanc, expert at Traders Union, views the current setup as an opportunity for strategic entries on future strength. He notes the strong 10.50% rebound hints at underlying demand, even within a negative tape. Karapetjanc believes the tight trading range around $0.0739–$0.0792 offers setups once momentum improves. The lack of fresh news flow creates less noise, allowing technicals to drive next moves. "A clear break above $0.0893 could reignite the bullish structure and open the way for further growth," Karapetjanc affirms.

Mixed momentum readings spotlight indecision amid intraday gains

Momentum signals remain mixed: MACD signals a strong sell, while ADX shows a firm trend but leans bearish on the daily chart. RSI and CCI indicate mild oversold conditions (RSI at 33.1; CCI at –97), while Stoch RSI enters the overbought region, highlighting a divergence and market indecision. Bull/Bear Power shows continued dominance by sellers, though today’s strong 10.50% gain ($0.0071 up) follows a clear gap up from the prior close ($0.0676 to $0.0758). The price is trading near the mid-point of today’s range ($0.0739–$0.0792), signaling moderate intraday volatility, with brief strength after the open but without decisive continuation. Diverging oscillator signals cast doubt on the sustainability of today’s rebound.

Last time, analysts noted the asset was trading below its short, medium, and long-term moving averages, with technical indicators showing persistent downside momentum and elevated volatility. In particular, divergent momentum signals were observed as the daily RSI neared oversold levels while strong selling dominance and intraday resistance limited any rebound — see more in the daily move shows a significant rise.

Source of Data: S Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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