Sonic surges 12%, breaking the $0.56 mark, aiming for $5 in 2025!

Sonic (formerly FTM) has recently rebounded strongly, breaking the long-term downtrend, currently hovering around $0.5595, having risen over 12% since the early trading session. This breakthrough is attributed to Bitcoin's strong performance and the recovery of market sentiment, reigniting interest in small altcoins.

After Sonic's price broke the $0.56 support level, it regained momentum and is currently striving to break the $0.6 range, an area of high interest for market participants. Although the technical signals appear somewhat mixed, bullish momentum has significantly increased, and trading volume is supporting the upward trend. If it breaks through $0.6, Sonic's next target could be aimed directly at $0.8, or even challenge the $1 mark.

However, with RSI increasing and CMF decreasing, market sentiment is complex, and bearish forces have not completely retreated. If the breakout fails, Sonic may pull back to around $0.5. But given the proximity of the current breakout pattern, market participants' expectations for a breakout are building.

As Sonic approaches the apex of the ascending triangle, the trend in the coming days will determine whether it can continue to rally strongly and aim for the $5 target!