Analysis of Sonic Coin ($S ) on Binance
Technical analysis for S/USDT
Sonic Coin ($S ) is currently trading at $0.4998, up 1.79%. Technical indicators show positive signals as the EMA averages (7, 25, 99) are arranged in ascending order, supporting the short-term upward trend.
Watch points:
Support level: $0.4797 (lowest price in 24 hours)
Resistance level: $0.5091 (previous peak)
A breakout above $0.5100 could open the way towards $0.53
Trading recommendations ():
Entry point: at $0.4900-0.4950 with a stop loss at $0.4780
Exit point: $0.5100-0.5150 (targeting a profit of 3-4%)
Trading volume is high (45.72M) which supports the current price movement
Compared to similar coins, Sonic shows stronger performance due to low transaction fees and high transaction speeds.
