Sonic Faces Critical Support Test as Price Dips to Yearly Low
Sonic’s price has hit a critical juncture, breaking below its yearly low. The market is showing strong bearish signs. Bulls need to act fast to prevent a slide to $0.12.
Currently, Sonic is at its lowest point this year.It has fallen below a crucial support level. This move signals a bearish trend. if buyers don’t step in soon, the price could drop further to $0.12. The asset is at a key decision point.Without strong buying pressure,a deeper decline is highly likely.
Key points to watch:
- Price is below yearly support, signaling weakness.
Two scenarios are possible:
- If Sonic recovers, it could reach $0.49.
- if it fails, a move to $0.12 is highly likely.
Volume is crucial. Without strong buying interest, the price may continue to fall. Bulls need to act fast to prevent a deeper decline.
For more insights, check the SUSDT (1D) Chart.
Expect Sonic to either rally or fall further in the coming weeks. The current trend favors bears, but a strong bullish move could change this.
