Sonic token Eyes high ground after violent susceptible impulses

Sonic token caught up on the merchant after a strong difficulty of support. With a price that is now consolidated under key resistance, next passage could be right around the corner – here is what the chart tells us.

Sonic (S) Token has recently shown a serious momentum, grabing the attention of traders with a strong hilly candle. With the price now grind against key technical levels, the next few moves could be crucial in determining whether we see the continuation – or signs of reversal.

Key points:

• Powerful bulls fitted a candlestick in the area of ​​low and daily support to $ 0.39
• Price consolidation only under the control point, indicating the vertical accumulation
• Liquidity goal of $ 0.52 is aligned with 0.618 Fibonacci and VVAP resilience

The recent price of the action on the Sonic token was especially impulsive, starting with a strong bullolo engulatory candle that formed the right to the area of ​​value low. This region also conceived perfectly with everyday support of about $ 0.39, which gave a move significant technical weight.

Collarance was accompanied by a growing extensive profile, confirming the interest of customers and demand at that level. After pressure, the price is now in consolidation near the control point – usually a sign that the market is building a base, not the other way around.

Potential vertical accumulation

If Sonic still trades above the point of control, it could signal the presence of a vertical accumulation. This type of price action, characterized by senior couples at the lower time frame in a compact trading range, often leads to further movement.

One critical area to watch is a liquidity resting about $ 0.52. This level stands out as unused high and magnet for the price, especially with levels of 0.618 Fibonaci level and VVAP resistance that is only above it.

Reaching that 0.52 years in the amount of $ 0.52 also achieves technical and psychological meaning. Liquidity Theory suggests that markets are looking for areas of uncollected orders. Once the price took liquidity in the lower part and refused the hard, the next logical move is to target high heights.

This goals also increases with high values ​​of the current range of the current range, which means that the touch of that level will end rotation with the full range from low to high. If Sonic begins to distribute this area of ​​resistance, it could mark the beginning of a long consolidation phase.

Currently, the graph still shows the signs of strength. There are no clear signals of weakness, and the vertical calculations of the accumulation usually continue to exhaustion. Although it is wise to be careful near resistance, too soon shortened soundly without clear rejection could be risky. For now, the bullocks are in control – and the target goal of $ 0.52 remains in the game until it proves otherwise.