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$SONIC
SONIC/USDT – Weekly Technical Outlook
SONIC appears to be forming a long-term base near the “Coin Zero Point” (~0.05) after a steep corrective move from the previous peak (wave a → b). Price is currently consolidating at historical demand, suggesting downside exhaustion.
A sustained hold above this base increases the probability of a trend reversal, with the first major resistance zone around 0.17–0.18. A clean breakout above this range could open the path toward the next higher target near 0.29 and beyond, aligning with a potential impulsive move (wave c) on the higher timeframe.
Overall bias remains neutral-to-bullish as long as price respects the lower support zone, with patience required due to the monthly structure.