SUSDT trade ideas
SONIC $S $0.50 long updateBuyers need to show up fast, or Sonic is sliding straight into the next liquidity zone. While the bands are tightening and price is hovering below them, momentum is fading. Stoch and Stoch RSI suggest a short-term bounce is possible, but RSI dipping below 50 signals weakening strength.
Bulls either step in here, or this breaks down further and I'm eager to add more. Sonic NYSE:S will be good to our wallets :)
Sonic's S (previously FTM) to 1.4I have been in FTM for a very long time but have slowly covered more stocks than crypto over time. As I take profit out of alts into stocks this only makes sense. One position I have kept is FTM which is now converted to S. With the flight from Solana, people are looking for this cycle's layer 1, sonic could be it. Sonic is fast, has growing TVL, and has a brilliant founder.
The Chart:
Rising momentum leading into the cup formation. I find cups more likely if they are scooping lows instead of highs. Volatility just fired red, so we need a bit of a cool off here.
My target is 1.4$ for March
Fantom FTM => Sonic S price analysis๐ฑ At the beginning of January 2025, the rather old #Fantom project #FTM rebranded to #Sonic #S
โผ๏ธ The previous history of #FTMUSDT trading disappeared from the charts, but we have recreated it for you on this OKX:SUSDT chart
Unlike most altos, the price is held and rounded up.
๐ We have schematically depicted the levels for trading and the possible price movement of the #S on the chart.
In the long term, we can see growth to $8-8.50
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SONIC IS GOING TO EXPLODE !#S or the former #FANTOM is making a perfect pattern in low and also high time frames !
here in lower time frames the market hit a supply zone which forced the price to go down a little but the main demand zone is untouched and this can be a sign of more correction to the demand zone !
check out the long term analysis on this coin too !
Long S/USDT (h4-d1). x3-4 probably.Long Sonic on H4-D1.
Entry : current level or limit order @ 0.48
TP : 1.5 and 2
Exit : confirmation on D1 below 0.38 (2nd test on Feb,8 of local lows)
FA:
Sonic - EVM L1-chain with high performance (10k TPS with subsec finality)
Previously it was Fantom but recently rebranded.
CTO - Andre Cronje.
Trades on all major CEX.
Top-21 among Chains (Defillama) by TVL - $393mln
1/ Strategic angel investors: Michael (Curve), Stani (Aave), Robert (Compound), Tarun (Gauntlet), and Sam (FRAX), as well as our venture partners Hashed, Signum Capital, and UOB Venture Management (source: soniclabs).
2/ FDV = MCap!!!
3/ Massive airdrop on June around $100mln (current TVL - $393mln, so it's 25% profit on you locked capital if the price remains the same)
4/ 90%-revenue sharing with dApps built on Sonic
TA:
1/ EMA21 and 55 cross on H4
2/ strong bounce on high volume above PoC and MA-cross
3/ capitulation on Feb,3 (weak hands shakeout)
Can repeat that SUI did.
SUSDT Key Resistance Broken โ Bullish Momentum SUSDT has recently broken through a key resistance level, signaling a shift in market sentiment and the potential for a strong upward movement. Breaking past major resistance is a crucial technical event that often leads to a new phase of price action, and for sUSDT, this breakout has been accompanied by good volume, confirming the strength of the move. With strong investor interest and an expected gain of 25% to 30%+, traders are now watching closely to see how the price behaves as it continues to test new highs. The breakout above resistance sets the stage for further bullish movement, potentially attracting more buyers into the market.
The breakout from the main resistance level is a key indicator that the sellers' control has been broken, and buyers are now in charge. As the price holds above this key level, itโs likely that more traders will enter, pushing the price higher. The good volume supporting the breakout further validates that this move has solid momentum, and the chances of a sustained rally are increasing. If sUSDT continues its upward trajectory, it could reach the projected gain range of 25% to 30%+, with new resistance levels providing the next potential targets.
Investors are taking increasing interest in sUSDT as the price breaks above important technical levels. This shift in market sentiment is not only supported by the price action but also by the growing participation from investors who see potential for further gains. The volume confirms that this is not a false breakout, and as more traders recognize the bullish setup, the price could continue to rise steadily. With solid technical backing and a growing interest in the project, sUSDT is positioning itself as a strong candidate for higher returns in the near term.
Traders should monitor key support levels to ensure that the breakout holds. If sUSDT can maintain its position above the broken resistance level, it could continue to gain momentum, offering a potential 25% to 30%+ return. As always, staying updated on broader market conditions and volume trends will help confirm the strength of the breakout. Given the current setup, sUSDT presents an exciting opportunity for traders looking to capitalize on a potential upward trend in the near future.
Sonic network (S) long set up- Bullish daily bias
- Volume profile shows 0.4728 as the current value area low of the week
- Confluent with an untested 4h order block
- Expecting a decent reaction from buyers there.
- Very thin liquidity between there and current price (0.5185). Could lead to a very swift move down into that demand.