The crypto world is buzzing again, and this time it's Sonic (SONIC) leading the charge! ๐๐ Known for its speed-themed branding and meme appeal, Sonic has just broken a key market structure and is now eyeing a fresh upward target after a successful bullish retest. Letโs dive into whatโs happening and whatโs next! ๐
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๐ Market Structure Break โ What Just Happened?
Sonic recently broke above a major resistance level, signaling a shift in trend from bearish to bullish. This kind of breakout usually marks the beginning of a strong move, and thatโs exactly what weโre witnessing! ๐๐ฅ
โ Previous Resistance: $0.0000085
โ Current Price: Hovering around $0.000010
โ Structure Break Confirmation: Daily candle close above resistance with high volume ๐
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๐ Bullish Retest โ The Smart Money Move ๐ธ
After the breakout, Sonic came back down to retest the previous resistance, which has now turned into support. This is called a bullish retest, and itโs a strong confirmation that the market is ready to go higher. โ
๐ Price bounced perfectly off the new support
๐ Traders and whales have started accumulating again ๐
๐ Market sentiment is turning more optimistic ๐
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๐ฏ New Target in Sight โ Whereโs Sonic Heading Next?
With momentum building and technicals lining up, analysts are now targeting the $0.000012 to $0.000015 range as the next destination for Sonic. If bullish pressure continues, we might even see:
๐ฅ Short-Term Target: $0.000012
๐ฅ Medium-Term Target: $0.000018
๐ฅ Long-Term Hype Target (If market stays bullish): $0.000025+
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๐ Indicators Supporting the Rally
๐ RSI: Trending upwards, not yet in overbought zone
๐ต MACD: Bullish crossover on the 4H and Daily chart
๐ Volume: Increasing steadily, confirming buyer interest
๐ Whale Activity: Notable accumulation on-chain
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๐ง Final Thoughts โ Should You Keep an Eye on SONIC?
If youโre into meme coins with solid community backing and breakout potential, Sonic should definitely be on your radar. ๐
But remember, as with all crypto investments, do your own research (DYOR) and donโt chase green candles blindly. ๐ฆโ ๏ธ
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๐ฌ What do YOU think? Will Sonic zoom past its next resistance like the blue blur it's named after? ๐๐จ
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