๐ก Quick Technical Analysis:
โ Oversold Opportunity! Price has dropped to $0.4978, down -6.90%, nearing the 4H support zone at $0.4845. This could indicate a potential bounce zone!
โ RSI at 22.97! This is deep in the oversold territory, suggesting selling pressure might be exhausted and a reversal could be imminent.
โ MACD Convergence! With MACD = -0.0043, DIF = -0.0196, and DEA = -0.0154, momentum is weak but could flip with a small bullish push.
โ Volume Spike Incoming? Watch the volume closelyโwhile it's low now, any green candle with rising volume could trigger a short squeeze.
๐ฎ Scenario Forecast:
If S/USDT holds above $0.4845 and breaks back above $0.5267, a quick run to $0.56 or even $0.60 is very possible!
However, if it fails to hold, $0.4638 could be the next key support before any bounce.
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๐ฅ My Thoughts & Tips:
This setup is classic for "buy-the-dip" scalpers and swing traders looking for a short-term rebound. But patience is keyโwait for confirmation like bullish engulfing candles or MACD crossover.
Tips:
1. Set tight stop losses to manage riskโbelow $0.4638 could be ideal.
2. Look for volume + RSI divergence to time entries.
3. Donโt FOMO. Let the setup come to youโmomentum will guide the breakout.
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๐ข Whatโs your move? Will you ride the next green wave? #SONIC #Write2Earn
Drop your prediction below: Will S/USDT bounce back to $0.60 or fall further?
