Sonic token caught the attention of merchants with a strong strong strength from support to optimistic movement. As the price is integrated under the main resistance, the chart speaks to us as the next ride is around the corner.
SONIC TOKEN recently showed serious driving force and attracted traders’ attention with strong candles. If the price postpones the price for the major technology level, it can be important to determine whether the following movements continue.
Core:
- Low and daily $ 0.39 with a strong candle with a strong strength of the value area
- Incorporate the price under the point that suggests in vertical accumulation.
- The $ 0.52 liquidity target matches 0.618 Fibonacci and VWAP resistance.
The recent price behavior of Sonic tokens was impulsive, and it was impulsive, starting with a strong optimistic candle formed directly from the low value area. The area also perfectly matched the daily support of about $ 0.39, giving a significant technical weight to the movement.
The surge has increased volume profiles, confirming the buyer’s attention and the level of demand. According to the promotion, the price is now integrated near the control point. In particular, it is a sign that the market is building a base without reversing.
Potential vertical accumulation
If Sonic continues to trade control points, you can see the presence of vertical accumulation. This kind of price behavior is often stronger if it is characterized by the lowest point of time frame within the small transaction range.
One of the important areas to watch is about $ 0.52. This level is a magnet of the highest height and price, especially the 0.618 Fibonacci level and VWAP resistance.
It has a technical and psychological meaning when you reach $ 0.52 area. Liquidity theory suggests that the mayor finds a command area that is not collected. After the price comes out of sub -liquidity and pops out, the next logical movement aims to be the best.
This target also completes a high range rotation at a height where the tabs of the level are low when the value area of the current range increases. If Sonic starts the distribution around the resistance area, it can indicate the beginning of a longer integration stage.
The chart is still showing signs of power. There is no clear signal of the weakness, and the vertical accumulation pattern tends to continue until it is exhausted. It is wise to pay attention to resistance, but it can be dangerous to shorten Sonic early without clear rejection. At present, the bull is controlled, and the goal of $ 0.52 remains until it is proved.