📊 Sonic (S/USDT) Technical Analysis – Updated February 20, 2025
1. Current price overview
• Current price: 0.7055 USDT
• Daily change: +17.2% (strong rise)
• Daily High: 0.7309 USDT
• Daily Low: 0.6018 USDT
2. Trend Analysis
🔹 General trend:
• The short-term trend is bullish due to the large daily rise of +17.2%.
• The price is approaching the resistance at 0.73 USDT, and if it breaks it, it may target higher levels.
• Strong support at 0.60 USDT, where a strong bounce occurred today.
🔹 Moving Averages:
• EMA 7 at 0.68 USDT (positive, price above it).
• EMA 25 at 0.65 USDT (supports uptrend).
• EMA 99 at 0.55 USDT (strong support level in case of correction).
✅ The price is above all moving averages, which reinforces the positive outlook.
3. Momentum Indicators
🔸 RSI: 72 → Overbought, correction may occur soon.
🔸 MACD: Positive crossover, supports continued upward movement.
🔸 Stochastic RSI: Close to 80 → Overbought, but could remain in this area if the upward momentum continues.
4. Key Fibonacci Levels
Fibonacci applied to the last uptrend from 0.55 → 0.73 USDT:
Fibonacci level expected price
23.6% 0.69 USDT (nearby support)
38.2% 0.66 USDT
50.0% 0.64 USDT
61.8% 0.61 USDT (strong support)
78.6% 0.58 USDT
📌 If the price holds 0.69 USDT as support, we may see the bullish trend continue.
⚠️ If 0.61 USDT is broken, a deeper correction towards 0.58 USDT may occur.
5. Expected scenarios
✅ Ascent scenario:
• Breaking 0.73 USDT → Targeting 0.76 - 0.80 USDT.
• Close above 0.80 USDT → may push the price to 0.85 - 0.90 USDT in the medium term.
⚠️ Landing scenario:
• Break 0.69 USDT → Price may drop to 0.66 - 0.64 USDT.
• If the decline continues below 0.61 USDT, we may see a correction wave to 0.58 - 0.55 USDT.
🔹 Technical view:
📌 For speculators:
• Buy entry on retest of 0.69 USDT, target 0.73 - 0.76 USDT.
• Stop loss at 0.67 USDT to protect against any reversal.
📌 For investors:
• Gradually buy between 0.60 - 0.65 USDT, hold until 0.80 - 0.90 USDT