Sonic rallies as buyers dominate and upward price move continues

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Sonic jumps 7.36% today to $0.0381

Highlights

Sonic trades in a bullish configuration across short-term, medium-term, and long-term trend indicators on both hourly and daily charts.
Momentum indicators such as MACD and the Awesome Oscillator support further upside, with ADX, RSI, and CCI all neutral and no signs of overbought or oversold conditions.
Sonic surged 7.36% to $0.0381 with strong volatility, projecting a trading range of $0.0357 to $0.0392 over the next 2 to 3 days.

Bullish momentum confronted by neutral trend strength readings

On the hourly chart, S is trading above the MA-20 at $0.0369 and MA-50 at $0.0365, while on the daily chart price remains above the MA-200 at $0.0347. The Ichimoku Kijun level at $0.0363 acts as immediate support. MACD shows strong bullish momentum but the ADX is neutral, so trend strength remains unconfirmed. RSI, Stoch RSI, and CCI are all neutral, with Bull/Bear Power registering a positive 0.0004, indicating intraday buyer dominance. The Awesome Oscillator also points to further upside in alignment with the ongoing upward trend.

Bullish consolidation favored as volatility range tightens

For the next 2–3 trading days, S/USD is expected to trade within a volatility band between $0.0357 and $0.0392. The probability of an upward move remains very high compared to a potential drop, with current activity suggesting consolidation inside this range. A clear breakout above $0.0392 would set the stage for a bullish extension, while a breakdown below $0.0357 would turn focus to lower support zones.

Anton Kharitonov, expert at Traders Union, notes that Sonic maintains short-term bullish momentum above significant moving averages. He sees technical signals tilting positive with clear support at $0.0363, though the ADX and oscillators leave trend strength uncertain. The analyst remains cautious due to neutral momentum readings, watching for a breakout or breakdown from the current range. "Until S/USD decisively leaves the $0.0357–$0.0392 band, my bias stays defensive and I prefer to wait for confirmation before taking action."

Earlier, analysts noted that Sonic was experiencing persistent downside risk and a bias toward further consolidation below key averages. The recent shift to broad-moving average support and strong upward momentum signals a potential change in trend, making a sustained move above $0.0392 the key development to watch in the coming sessions.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.