Sonic (SUSDT) is currently trading within a long-term ascending channel on the weekly timeframe, indicating a bullish macro structure. Price action has respected both the upper and lower bounds of the channel multiple times, showing strong trend continuation behavior.
On the daily timeframe, Sonic is currently forming a falling wedge pattern, which is typically a bullish reversal pattern. However, the price is still trading below the descending resistance line of the wedge, suggesting that a breakout has not yet occurred.
Key levels to watch:
Immediate resistance is the upper boundary of the wedge and the descending trendline. A breakout above this zone could trigger a bullish move toward $1.47, the next significant high.
Immediate support lies around $0.5
✅Buy and Trade here on $S
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