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Sonictrade

SONIC/USDT Breakout in Progress? Watch This Critical Level Close🧠 Technical Breakdown – Daily Chart (1D, Coinex) The SONIC/USDT pair is currently exhibiting a textbook descending trendline breakout setup, formed over the past 7+ months. This long-term downtrend has been respected since late November 2024, connecting multiple lower highs and establishing a well-defined bearish structure. However, recent price action shows a potential trend reversal as the pair consolidates tightly near the apex of the structure, with signs of breakout momentum building. 📐 Pattern Identification: ✅ Falling Wedge / Descending Triangle ✅ Continuous lower highs connected by a descending trendline ✅ Support held above $0.25 (strong demand zone) ✅ Price now testing the upper boundary of the trendline This is a classic bullish reversal pattern—especially when price breaks out after long-term compression. 🚀 Bullish Scenario: Should SONIC successfully break and close above the $0.4030 level (trendline + horizontal resistance), it could unlock a wave of bullish momentum. Here are the key upside targets based on Fibonacci retracement from the previous high ($1.4729) to the local low ($0.2494): 🎯 Resistance Level Significance $0.5278 0.382 Fib – First major target post-breakout $0.6067 Key confluence level – psychological barrier $0.7461 0.618 Fib – Bullish continuation zone $0.8654 High momentum extension $1.0453 0.786 Fib – Reversal confirmation $1.4318 Retest of the all-time high If volume supports the breakout, we could see a sharp move toward these zones. 🧨 Bearish Scenario: If price fails to break out and gets rejected from the trendline: It could retrace back toward $0.3100 and $0.2700 A daily close below $0.2494 (previous low) would invalidate the bullish setup, signaling potential continuation of the downtrend Traders should monitor RSI divergence and volume drop as warning signs 📌 Why This Setup Matters: This is not just a short-term play. A successful breakout here signals the end of a multi-month downtrend and the potential start of a new macro uptrend. SONIC has been heavily compressed — and the tighter the coil, the bigger the move. Smart money often enters before the breakout confirmation. Monitor for volume surges, candle structure changes, and key breakout retests. ✅ Summary: 🔄 Trendline breakout imminent 🟢 Watch for breakout confirmation above $0.4030 🔴 Breakdown below $0.2494 invalidates the bullish thesis 🧭 Fibonacci levels offer reliable target zones for profit-taking This is a critical make-or-break zone for SONIC/USDT. Traders, be ready. #SONICUSDT #BreakoutSetup #AltcoinAlert #CryptoAnalysis #TrendReversal #TechnicalAnalysis #CryptoTA #Altseason #FibonacciLevels #PriceAction
Long
by CryptoNuclear
SUSDT - This opportunity might not come around again.!All tokens built on the Ethereum network pumped yesterday as ETH moved up by just 4%, and SONIC (S) stood out as the top performer among them, surging by around 22%. Currently, the coin has formed a symmetrical triangle pattern, which has been broken to the upside with a massive green candle. It's now retesting the 0.382 Fibonacci level — a key zone to watch for continuation. This is a massive investment opportunity to buy the token at around $0.55 only. The long-term targets for S in 2026 are insane — the most conservative target for now is $1.20. Best regards Cecilion🎯
Long
by ceciliones
6
Long S/USDT (h4-d1). x3-4 probably.Long Sonic on H4-D1. Entry : current level or limit order @ 0.48 TP : 1.5 and 2 Exit : confirmation on D1 below 0.38 (2nd test on Feb,8 of local lows) FA: Sonic - EVM L1-chain with high performance (10k TPS with subsec finality) Previously it was Fantom but recently rebranded. CTO - Andre Cronje. Trades on all major CEX. Top-21 among Chains (Defillama) by TVL - $393mln 1/ Strategic angel investors: Michael (Curve), Stani (Aave), Robert (Compound), Tarun (Gauntlet), and Sam (FRAX), as well as our venture partners Hashed, Signum Capital, and UOB Venture Management (source: soniclabs). 2/ FDV = MCap!!! 3/ Massive airdrop on June around $100mln (current TVL - $393mln, so it's 25% profit on you locked capital if the price remains the same) 4/ 90%-revenue sharing with dApps built on Sonic TA: 1/ EMA21 and 55 cross on H4 2/ strong bounce on high volume above PoC and MA-cross 3/ capitulation on Feb,3 (weak hands shakeout) Can repeat that SUI did.
Long
by SaltSugar
10
S 01/29/2025@Sonic has been abandoned by the market, market maker and team in terms of pricing and therefore has acted completely bearish, even in the positive parts of the market and the positive signals issued by the indicators, #Sonic still failed to grow and falls with the slightest event. According to the Sonic team's opinion and conclusion to support the price, this trend will change soon and I think we will see the price increase according to the green line. #S #FTM #FANTOM
Long
by MahdiAhadiRad
Enter on re-entry following this bearish markdownHey traders! If you have been following my previous sentiments, I have identified that the bull rally from last Friday till earlier this week was probably temporary as multiple accumulation points was seen above key SR. If you have been loading short entries along with me between 109.30 to 108.80 , that's awesome!! Following this trade, we can start reloading shorts along re-entry points when the candle retraces and touches the dragon line and ride the wave. TP level should be around 106.440 according to the 61.8 fibo support line. Shall update along the way when there are new price actions or an impending reversal. Do comment your views below. Stay safe, trade within your means and steal those pips! ForexPipCheats Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. Disclaimer: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Short
by ForexPipCheats
2
Possible final bear accumulation before a mark downHi traders, Here's my sentiment following my previous posts. As you can observe from the first 2 highlighted box, they are above key SR area of 108.00 and 108.500 which an increase in volume can be observed. Some stopping volume can be seen on the 2nd highlighted box. Reaching our strong supply zone at 109.200 identified with both FIbo retracement and extension, multiple rejections at this area is seen when you refer to M1, surges of bears opening shorts and closing long can be observed above this level. Awaiting for further Price volume indication to make sure it is a bear move and a trade setup. Have been loading up on shorts along the way until now. Do comment on what you think! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work for you as well as against you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. Disclaimer: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary or educational information and does not constitute to investment advice. I do not accept liability for any loss or damage, including without limitations to, any loss of profit, which may arise directly or indirectly from use of or reliance on such
Short
by ForexPipCheats
USDJPY Bear Accumulation above key SRAfter yesterday's reversal bull run, it hit the strong resistance level (Fibo and whole number) of above 108.00 with serious volume at the top in the M15 Chart this morning. Strong signs of bear accumulation at the top. Nice PA wave exited dragon on 3rd leg for a possible entry point. Since trend is still below the dragon, this entry may be considered a scout. Next reversal would be back down to 106.745. Let's wait for London Stock open for further PA confirmation.
Short
by ForexPipCheats
1
BTC/USDT (1W) Which Direction? The price is approaching the main dynamic line and the main action will be very soon On the chart, I noted the most important candle, the buyback candle. The volume indicator clearly shows that the volume of a candle is equal to the volume of sell candles, which hints to us that MM can accumulate a position in this way. According to the rules of candle analysis, now the main thing is to determine there, in the end, the candle will close above or below the range of our main candle. Their further movement will continue. The total volume indicator and the strong dynamic hint us at a bounce upwards and I expect this scenario as the most probable, but you should always be prepared for any surprises that the market generously presents to us. Control your position and good luck to everyone!
by SonicTrade