Market Analysis: Sonic (previously FTM) & SEI — May 2025
1. SONIC (FTM): Current Price – $0.50
Analysis:
Sonic is holding strong at a critical support zone around $0.50.
A double-top structure has formed, with tops near $0.60 and neckline at ~$0.48–$0.50.
If Sonic closes 2 daily candles below $0.50, a bearish breakdown is confirmed, potentially dropping it to $0.40 — the last major support before further downside.
Psychologically, $0.50 is a strong buyer's zone, being half of a dollar.
Trade Setup:
Entry (Buy Zone): $0.48–$0.50 (if it shows strong support and reversal signals)
Target 1: $0.60
Target 2: $0.66
Stop Loss: $0.46 (or 2 daily closes below $0.50 with body)
Bearish Scenario:
If $0.50 fails to hold for 2 days, short entries could be considered:
Short Entry: $0.49 (post-confirmation)
Target: $0.40
Stop Loss: $0.52
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2. SEI: Current Price – $0.197
Analysis:
Last analysis was two months ago when SEI had strong support at $0.21–$0.22.
Price failed to hold above this and now sits near $0.197, approaching major support at $0.18.
SEI is bearish below $0.21, and $0.18 is the last hope for bulls.
If $0.18 breaks (confirmed by 2 daily closes), SEI could slide to $0.15 or even $0.10.
Trade Setup:
Entry (Long on Support): $0.18–$0.19 (only if bullish reversal patterns appear)
Target 1: $0.21
Target 2: $0.25
Stop Loss: $0.175 (tight) or 2 daily closes below $0.18
Bearish Scenario:
Short Entry: $0.177 (after confirmation of breakdown)
Target: $0.15, then $0.10
Stop Loss: $0.19
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Summary:
SONIC is neutral but on the edge; watch $0.50 closely.
SEI is bearish below $0.21 and only salvageable if $0.18 holds.