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🚀 $S /USDT [SONIC]: Bullish Momentum or Overheated Market? 🔍 Market Sentiment: ▫️ Bullish, but overbought conditions could signal a potential retracement! 🪙 $S has been on a strong upward trend, consistently trading near the upper Bollinger Band, with an RSI of 81.28 — a level that often indicates overbought conditions. Will the rally continue, or is a cooldown on the horizon? 🟩 Bullish Signals: ▫️ Strong buying pressure sustaining price action near highs ▫️ Momentum indicators still pointing upwards ▫️ FOMO-driven market sentiment pushing prices higher 🟥 Potential Risks: ▫️ RSI at extreme levels – possible correction ahead? ▫️ A pullback could occur if traders start taking profits ▫️ Price sensitivity to shifts in sentiment at these levels 📊 What This Means for Traders: ▫️ If momentum remains strong, further upside is possible. ▫️ A retracement wouldn’t be surprising given the overbought conditions. ▫️ Staying cautious and managing risk is key in this market phase! $S [SONIC] 💲 Price: $0.587 ₿ 0.00000610 ▫️ H/L: $0.586 | $0.515 ▫️ ✅ 1h: 1.33% ▫️ ✅ 24h: 12.09% ▫️ ✅ 7d: 41.19% ▫️ 🟥 30d: -15.12% ⛰️ ATH: $1.03 (-43.61%) 📊 24h Vol: $124.80M 💰 Marketcap: $1.86B 💬 What’s your view on $S? Will the rally continue, or is a pullback coming? Drop your thoughts below! 👇 #SonicCoin