S Latest Update: Price Trend: The price of Sonic has recently dropped significantly, but it is still above its historical low of $0.073576. Mixed technical indicators: RSI is oversold, and Bollinger Bands breakouts suggest a potential rebound, although EMA and MACD show a bearish trend. Notably, RSI Oversold: The 6-period and 12-period Relative Strength Index (RSI) are at extremely low levels, 14.64 and 29.05 respectively, indicating that Sonic is severely oversold, typically foreshadowing an imminent price rebound. However, caution is advised regarding the bearish trend: EMA 7, 25, and 99 are all in a downtrend, with the short-term EMA (7) below the long-term EMA, confirming the ongoing bearish trend over the past 24 hours.

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$S Tracking Share of Major Players

Recently, based on the data from the aice100 platform, I made some statistics and organized the current market structure and sentiment direction for everyone’s reference:

📌 Direction: Bearish

📌 Suggestion: Wait-and-see or cautiously short

📌 Risk Control: High risk

The following is my personal logical breakdown, which may not be entirely accurate, and is only for sharing and discussion:

1. **Whale Camp Extremely Biased Towards Bears**: The number of bearish whales (183) is more than twice that of bullish whales (90), and the total position value of bearish whales (7.09M) is 4.4 times that of bullish whales (1.62M). This indicates that smart money institutions are betting heavily on the price...

The above are some of my personal views on the current $S , and additions are welcome.

#S