The Sonic (SONIC) token recently broke below a key annual support level, hitting a new low for the year, and the market is entering a highly risky critical point.
Currently, Sonic's price has fallen below the previous swing low, which not only indicates a technical breakdown but also shows that market confidence in this token continues to decline. $0.12 is now becoming a potential 'last line of defense'.
📉 Market structure remains bearish, with clear signals of decline.
Yearly low breached: prices continue to refresh new lows, with lower highs and lower lows forming a standard downward channel.
Volume shrinks: with no buying interest, the hope for a rebound is slim.
Failure to recover has not been confirmed: without a quick recovery of the breached level, structural bearishness will continue to intensify.
🧭 Two key price levels: $0.49 and $0.12.
If a rebound occurs and successfully breaks through $0.49, it will be seen as a signal of a bullish return;
If it continues to lose support, the next target is likely $0.12 — based on potential downward targets calculated by Fibonacci extensions.
In short, we are currently at a critical moment of 'breaking down and collapsing'.
📌 What comes next?
For Sonic to turn the situation around, two conditions must be met:
Quickly reclaim the support level, forming SFP (Swing Failure Pattern);
Volume significantly increases, confirming the return of buying interest.
If these two conditions cannot be met, bears will continue to dominate the situation and may further push the price down to $0.12 in the coming weeks.
Summary: #SONIC is on the edge of a cliff; the next step is either a rebound for self-rescue or free fall? Pay attention to whether there are signs of a volume rebound or stabilization in the coming days, as this will be a decisive factor.
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