Sonic Token Shows Strong Recovery, Eyes 55.6% Upside
Sonic token has made a notable comeback, confirming a deviation at a key support level. The price has now risen above $0.38, setting the stage for a potential 55.6% move within its current trading range.
After dipping below crucial support, Sonic (Sonic) demonstrated strength by closing decisively above $0.38. this move aligns with a classic deviation setup, where the price briefly falls below a range low, only to reclaim it with a strong bullish candle.
Such setups frequently enough lead to powerful reversions or range expansions, especially with rising volume and sustained volatility. Here are the key technical points:
- Confirmed Deviation at $0.38 Support: The price dipped below and reclaimed this level, confirming a liquidity grab.
- 55.6% Upside Within trading Range: The current range from $0.38 to $0.60 offers a high-probability play if the range rotation continues.
- next resistance Zones: The value area low and bearish order block act as short-term barriers before the $0.60 daily resistance.
This deviation has likely removed sell-side pressure, positioning Sonic for a clean run through the range. With stop losses taken and volume rising, the structure now favors a continued rotation toward the upper boundaries.
The next resistance levels include the value area low and the bearish order block. If momentum continues and volume sustains, a clean expansion to $0.60 becomes probable.
Provided that Sonic holds above $0.38 and volatility continues with volume confirmation, the odds favor a move toward $0.60 resistance. The deviation structure supports a bullish scenario, setting up a potential 55.6% range rotation play.
