🧠 Technical Breakdown – Daily Chart (1D, Coinex)
The SONIC/USDT pair is currently exhibiting a textbook descending trendline breakout setup, formed over the past 7+ months. This long-term downtrend has been respected since late November 2024, connecting multiple lower highs and establishing a well-defined bearish structure.
However, recent price action shows a potential trend reversal as the pair consolidates tightly near the apex of the structure, with signs of breakout momentum building.
📐 Pattern Identification:
✅ Falling Wedge / Descending Triangle
✅ Continuous lower highs connected by a descending trendline
✅ Support held above $0.25 (strong demand zone)
✅ Price now testing the upper boundary of the trendline
This is a classic bullish reversal pattern—especially when price breaks out after long-term compression.
🚀 Bullish Scenario:
Should SONIC successfully break and close above the $0.4030 level (trendline + horizontal resistance), it could unlock a wave of bullish momentum. Here are the key upside targets based on Fibonacci retracement from the previous high ($1.4729) to the local low ($0.2494):
🎯 Resistance Level Significance
$0.5278 0.382 Fib – First major target post-breakout
$0.6067 Key confluence level – psychological barrier
$0.7461 0.618 Fib – Bullish continuation zone
$0.8654 High momentum extension
$1.0453 0.786 Fib – Reversal confirmation
$1.4318 Retest of the all-time high
If volume supports the breakout, we could see a sharp move toward these zones.
🧨 Bearish Scenario:
If price fails to break out and gets rejected from the trendline:
It could retrace back toward $0.3100 and $0.2700
A daily close below $0.2494 (previous low) would invalidate the bullish setup, signaling potential continuation of the downtrend
Traders should monitor RSI divergence and volume drop as warning signs
📌 Why This Setup Matters:
This is not just a short-term play. A successful breakout here signals the end of a multi-month downtrend and the potential start of a new macro uptrend. SONIC has been heavily compressed — and the tighter the coil, the bigger the move.
Smart money often enters before the breakout confirmation. Monitor for volume surges, candle structure changes, and key breakout retests.
✅ Summary:
🔄 Trendline breakout imminent
🟢 Watch for breakout confirmation above $0.4030
🔴 Breakdown below $0.2494 invalidates the bullish thesis
🧭 Fibonacci levels offer reliable target zones for profit-taking
This is a critical make-or-break zone for SONIC/USDT. Traders, be ready.
#SONICUSDT #BreakoutSetup #AltcoinAlert #CryptoAnalysis #TrendReversal #TechnicalAnalysis #CryptoTA #Altseason #FibonacciLevels #PriceAction
The SONIC/USDT pair is currently exhibiting a textbook descending trendline breakout setup, formed over the past 7+ months. This long-term downtrend has been respected since late November 2024, connecting multiple lower highs and establishing a well-defined bearish structure.
However, recent price action shows a potential trend reversal as the pair consolidates tightly near the apex of the structure, with signs of breakout momentum building.
📐 Pattern Identification:
✅ Falling Wedge / Descending Triangle
✅ Continuous lower highs connected by a descending trendline
✅ Support held above $0.25 (strong demand zone)
✅ Price now testing the upper boundary of the trendline
This is a classic bullish reversal pattern—especially when price breaks out after long-term compression.
🚀 Bullish Scenario:
Should SONIC successfully break and close above the $0.4030 level (trendline + horizontal resistance), it could unlock a wave of bullish momentum. Here are the key upside targets based on Fibonacci retracement from the previous high ($1.4729) to the local low ($0.2494):
🎯 Resistance Level Significance
$0.5278 0.382 Fib – First major target post-breakout
$0.6067 Key confluence level – psychological barrier
$0.7461 0.618 Fib – Bullish continuation zone
$0.8654 High momentum extension
$1.0453 0.786 Fib – Reversal confirmation
$1.4318 Retest of the all-time high
If volume supports the breakout, we could see a sharp move toward these zones.
🧨 Bearish Scenario:
If price fails to break out and gets rejected from the trendline:
It could retrace back toward $0.3100 and $0.2700
A daily close below $0.2494 (previous low) would invalidate the bullish setup, signaling potential continuation of the downtrend
Traders should monitor RSI divergence and volume drop as warning signs
📌 Why This Setup Matters:
This is not just a short-term play. A successful breakout here signals the end of a multi-month downtrend and the potential start of a new macro uptrend. SONIC has been heavily compressed — and the tighter the coil, the bigger the move.
Smart money often enters before the breakout confirmation. Monitor for volume surges, candle structure changes, and key breakout retests.
✅ Summary:
🔄 Trendline breakout imminent
🟢 Watch for breakout confirmation above $0.4030
🔴 Breakdown below $0.2494 invalidates the bullish thesis
🧭 Fibonacci levels offer reliable target zones for profit-taking
This is a critical make-or-break zone for SONIC/USDT. Traders, be ready.
#SONICUSDT #BreakoutSetup #AltcoinAlert #CryptoAnalysis #TrendReversal #TechnicalAnalysis #CryptoTA #Altseason #FibonacciLevels #PriceAction
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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.
✅ Get Free Signals! Join Our Telegram Channel Here: t.me/TheCryptoNuclear
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
✅ Twitter: twitter.com/crypto_nuclear
✅ Join Bybit : partner.bybit.com/b/nuclearvip
✅ Benefits : Lifetime Trading Fee Discount -50%
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.