After months of downside, $S looks ready to repeat its historical cycle of massive accumulations followed by explosive breakouts.
✅ Previous cycles show gains of +1,600%, +5,600%, and +900% after similar consolidation phases.
✅ The current falling wedge breakout on the weekly chart suggests that momentum is shifting back in favor of the bulls.
✅ Strong fundamentals are aligning:
🎯 Targets Ahead
First resistance: $0.54
Mid-term: $0.84 → $1.45
Long-term (cycle projection): $9 → $15+
⚡️ History shows what happens after long consolidations: parabolic runs. With fundamentals lining up and technicals breaking out, this could be the beginning of Sonic’s next major cycle.
💡 “After all the downside, it’s time for $S to return – the setup looks explosive.”
✅ Previous cycles show gains of +1,600%, +5,600%, and +900% after similar consolidation phases.
✅ The current falling wedge breakout on the weekly chart suggests that momentum is shifting back in favor of the bulls.
✅ Strong fundamentals are aligning:
- Testnet 2.1 upgrade (Aug 12) integrated Ethereum’s Pectra for scalability & interoperability.
- TVL inflows of $21M and growing trading volume (June $3.1B → July $4.9B).
- US expansion plans (ETF, NASDAQ PIPE, Delaware entity) with governance vote ending Aug 31.
🎯 Targets Ahead
First resistance: $0.54
Mid-term: $0.84 → $1.45
Long-term (cycle projection): $9 → $15+
⚡️ History shows what happens after long consolidations: parabolic runs. With fundamentals lining up and technicals breaking out, this could be the beginning of Sonic’s next major cycle.
💡 “After all the downside, it’s time for $S to return – the setup looks explosive.”
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.