Meerab
06/18 04:29
Sonic token crashes to new lows: can it recover?
Sonic token crashes to new lows: can it recover?
Sonic is currently flashing critical red-alert signals on the chart, with price action breaking below the yearly swing low and hovering at a key decision point. The market structure remains decisively bearish, and unless bulls step in at this final support, a breakdown toward $0.12 becomes the dominant scenario.Sonic is trading at its lowest level of the year, having breached the previous swing low, a significant structural support. This places SONIC (SONIC) at a high-risk inflection point where bulls must defend or risk triggering a full-blown bearish expansion. While a swing failure pattern could still be confirmed with a rapid recovery, the current trend, marked by lower highs, lower lows, and weak volume, paints a fragile picture.#Share Your Thoughts on Popular Assets in June#Check In to Win a 20g Gold Bar#Claim1,200 USDT in the Monthly Creation Challenge
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