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$SONIC rebounds at a key resistance level and encounters resistance, with buying momentum fading.
Go short on $SONIC now.
Entry: 0.0610 – 0.0625
Stop loss: 0.0650
First target: 0.0585
Second target: 0.0530
Third target: 0.0500
After experiencing a strong nearly 50% rally, $SONC stalls in the key resistance zone. Most importantly, the price increase is accompanied by a significant decrease in trading volume, which is a classic divergence signal indicating that buying power is waning and selling pressure is quietly accumulating. The market feels heavy, and once sellers start to actively push, a quick correction may follow.
Trading $SONIC here presents an opportunity 👇