Sonic Token Tests Critical Support at Point of Control Sonic Token (S) is holding a major confluence support zone that could act as the foundation for a bullish reversal. A strong bounce here may lead to a retest of the $0.42 swing high.
Sonic Token (S) has corrected into a significant support region, aligning with both the Point of Control (POC) and the 0.618 Fibonacci retracement level. This confluence of technical factors marks a decisive zone where the current bullish structure could either confirm or break down. For bulls to remain in control, price must continue closing daily candles above this support in the coming sessions.
Key Technical Points:
- Key Support Zone: POC and 0.618 Fibonacci retracement form a strong support base
- Market Structure at Risk: Losing support would invalidate the current bullish structure
- Upside Target at $0.42: A reclaim of the swing high confirms continuation with a higher high
This level has become a make-or-break point for Sonic Token’s trend. From a structural perspective, holding this zone would confirm a higher low, preserving the uptrend and increasing the likelihood of a rotation toward the swing high at $0.42. Multiple high time frame indicators now intersect at this support region, making it a vital area for bulls to defend.
The volume profile supports this level’s importance, as historical price action shows significant accumulation and trade density in this range. So far, there are signs that support is holding — but what’s missing is a consistent pattern of daily candle closes above this level. Until that happens, any bounce should be viewed with cautious optimism rather than full confirmation.
If Sonic Token fails to maintain this level, the market risks entering a deeper corrective phase, potentially breaking below the bullish structure that’s been in place since the last major swing low. This would delay any retest of $0.42 and could invite further selling pressure.
On the other hand, if the token manages to hold the confluence zone and reclaim momentum, a move back toward $0.42 would not only retest the previous high but potentially trigger a breakout and continuation of the larger bullish trend. What’s needed now is clear evidence of strength, both in candle structure and volume support.
What to Expect in the Coming Price Action
Sonic Token needs to hold its current support zone on a daily close basis to maintain bullish structure. If it does, a rotation toward $0.42 is likely. A breakdown risks a deeper correction.
