$SONIC USDT is currently trading near 0.05167, up more than 11% on the day. The pair reached a 24-hour high of 0.05506 after a strong vertical breakout from the 0.045 area. The 15-minute chart shows an explosive bullish candle followed by a period of healthy consolidation. This pattern typically reflects strong demand followed by profit-taking.

The immediate resistance zone lies around 0.0550–0.0555. A successful breakout above this level could extend gains toward 0.0580. On the downside, short-term support is developing around 0.0500, with stronger structural support near 0.0480–0.0490. Holding above 0.050 keeps the bullish bias intact.

Volume expanded significantly during the breakout, confirming momentum strength. However, after sharp rallies, pullbacks are common as early buyers secure profits. Traders should watch for higher lows forming above 0.050 as confirmation of continued bullish structure.

Overall, SONICUSDT maintains short-term bullish momentum, but price action near resistance will determine whether the rally continues or shifts into a deeper correction phase

SONIC
SONICUSDT
0.04788
+3.63%