$S (Sonic) Is it the next market bomb?🔥
Sonic (S) currency has unexpectedly surged by 11% over the past hours, reaching a price of $0.3338. 🚀
The question now is: is this the beginning of a new upward wave or just a quick correction?🌟
💰Today's report reveals Sonic reaching $0.3338, with a trading volume of $137.7 million and a market value of $961.5 million.
Investors are watching the resistance level of $0.353, as everyone wonders: will the upward momentum continue or are we facing a quick correction?
📊 Technical indicators show strong upward momentum. Support is at $0.2908, and resistance is at $0.353.
👈 Any sustained breakout above the resistance may pave the way for higher levels, and analysts are monitoring the movement moment by moment.
🧠 Grayscale's application for a spot exchange-traded fund (ETF) for Sonic currency has excited the market.
👈 Predictions indicate a possibility of the price reaching $0.8729 if the application is approved.
🚀 Upcoming opportunities:
Expected scenario: price rising to $0.8729, while the alternative scenario: a potential decline to $0.2770.
Investors are carefully watching the market for all momentum moves and global news.
🤔Is Sonic ready to break the $0.350 barrier? 🚀
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