🔍 $S Start Moving Again! Is It Time to Enter?
The current price of token $S (Sonic) is around $0.40, after showing steady increases in recent days. Many traders are starting to take another look at the potential of this token — but the question is: is this a signal to enter, or is it time to wait?
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📈 Brief Technical Analysis
✅ Positive Trend
The price of $S has successfully broken through the consolidation area of $0.38–$0.40 and shows upward strength. The RSI is in the neutral zone leaning bullish, indicating that there is still room for an increase.
🧠 Support & Resistance
• Strong Support: $0.38
• Nearest Resistance: $0.42, if broken can continue to $0.48–$0.50
📊 Volume and Momentum
Trading volume is starting to increase, showing renewed buying interest. The MACD and daily MA indicators also show buy signals.
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🎯 Strategy for Traders
🔸 Breakout Plan: If the price breaks $0.42 with strong volume, this could be a buy signal. The next target is at $0.48–$0.50.
🔸 Buy on Dip: If there is a correction to the area of $0.38, it could be an accumulation area for short-term swings.
🔸 Cut Loss Lightly: Stay disciplined with SL below support (e.g., $0.37) to minimize risk.
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⚠️ Note for Traders
Sonic ($S) is a token from a new ecosystem focusing on speed and transaction efficiency. Although its potential is attractive, volatility in the altcoin market remains high — so continue to use good risk management.
