Sonic lacks the buying volume to break through its resistances.
The project, after a name change, has become Matic 2.
I expect that we'll soon reach support levels of 30 cents and 25 cents after the pullback is complete. If these supports are broken, the next support levels will be 20 cents and 17 cents.
If the 40 to 43 cent resistance breaks with high volume, there's a possibility of growth to 50 cents. If 50 cents is broken, growth to 63 cents becomes possible.
The project, after a name change, has become Matic 2.
I expect that we'll soon reach support levels of 30 cents and 25 cents after the pullback is complete. If these supports are broken, the next support levels will be 20 cents and 17 cents.
If the 40 to 43 cent resistance breaks with high volume, there's a possibility of growth to 50 cents. If 50 cents is broken, growth to 63 cents becomes possible.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.