Sonic jumps 11 % after long recession: the price can reach $ 0.40 if … star-news.press/wp

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Sonic climbs more than 11 % in 24 hours after a long period of decrease. But dAttention to cooling in immediate and future markets precede the hints of increasing their rotation in a greater direction.

After months of bleeding, Sonic (S) may finally appear signs of a real shift.

Altcoin has jumped more than 11 % over the past 48 hours, and put it again in the spotlight after he greatly ignored it during the last market courses.

And with its prices that are not free from the level of resistance of the key of $ 0.3604, merchants ask – is this just a bounce or the beginning of something else?

Source: TradingView

Does the market structure turn?

Sonic’s general structure has remained declining for a while, with the formation of higher levels that are continuing since the early second quarter. But it seems that the last gathering has broken this style, which prompted the price up from the main resistance level.

This precise shift may indicate early signs of reflection, especially if the current upward momentum is able to keep it.

In addition to optimism is the rise in the circulation of the distinguished symbol, which indicates that more symbols are actively moving – they are often a sign of renewed attention or the re -placement of both retail and whales.

Source: Token Terminal

Cautious bubble maps appear

Despite its high rotation rate, the Sonic’s Spot Volge bubble map offered signs of cooling at the time of the press. The market witnessed a slowdown in aggressive positions compared to summits earlier this week.

Therefore, although the structure may improve, some merchants are still hesitant to adhere to the strong – most likely due to the weak Sonic record in recent months.

Source: Cryptoquant

However, the map of the futures size bubble contains a cooling flow before it turns into a neutral during the past four days, indicating improving activity in the futures market market.

Historically, the futures market market was always the first to interact with fluctuation, before the immediate market.

In the case of Sonic, the differences draw an optimistic ascending image.

Source: Cryptoquant

What is the following for Sonic?

If Bulls managed to pay Sonic until after immediate resistance, the next goal is sitting near $ 0.4076 to $ 0.5438, as asset prices faced rejection in late May and early June, respectively.

Currently, the momentum is built – but fragile. Much of what happens then depends on whether the power force can outweigh the faded derivative support.

If the size and the feeling persists, the Sonic can finally turn its direction in the middle of the period. But any rejection of the higher resistance level may send it to short -term corrections.

Currently, the bulls have the edge.