Sonic - time to pay attention - longMarket is bleeding but Sonic gain some momentum after bottoming out?!
Sonic total value locked explodes, and I think the price soon should follow. Big money are likely positioning for Sonic airdrop. I think it's logic that we see Sonic grow from here a few weeks ahead
Daily close above 0,517 and Sonic looks strong to go long again!
SONICUSD
FOMO Impact: No Price Surge Until Lower Levels Are Reached Hello and greetings to all the crypto enthusiasts, ✌
In this IDEA, I aim to provide some points and overview of the SONICUSDT ’s position. 🙌🐋
If you are reading this and the target of this analysis has been reached, and you need a new analysis for this asset, simply use the comment section so I can find you and your request. 🐋
The price is currently experiencing a peculiar downward cycle, and due to the influence of FOMO (Fear of Missing Out), there will likely be no price rebound until it recovers to lower levels. Until that happens, further price increases are unlikely. I have clearly outlined my price target, along with other critical technical factors, on the chart for better clarity and strategic planning.
🧨 Our team's main opinion is: 🧨
The price is in a strange downward cycle, and based on FOMO, there won't be any price increase until it recovers to lower levels. I have clarified my price target and other important technical factors on the chart.
Give me some energy !!
✨We invest countless hours researching opportunities and crafting valuable ideas. Your support means the world to us! If you have any questions, feel free to drop them in the comment box.
Cheers, Mad Whale. 🐋
SONIC Update (2H)This analysis is an update of the analysis you see in the "Related publications" section
Since the previous analysis, it has dropped by over 21%.
There is limited data available for this symbol. Considering the time gaps, it seems the waves of this diametric are expanding.
Currently, it appears that we are in the middle of wave C.
We are still within the green zone of the previous analysis. It is better to shift the buy zone to the green area of this update.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You
SONIC buy/long setup (4H)In hourly timeframes, SONIC appears to be forming a diamond-shaped diametric pattern.
Each leg of this diametric lasts between 9 to 31 days, and each drop within the pattern ranges from 33% to 41%.
The E wave could potentially complete within the green zone, after which the F wave may move upward, resulting in a 30%–40% bounce.
Closing a daily candle below the invalidation level will invalidate this analysis.
For risk management, please don't forget stop loss and capital management
Comment if you have any questions
Thank You