The crypto world is buzzing again, and this time it's Sonic (SONIC) leading the charge! šš Known for its speed-themed branding and meme appeal, Sonic has just broken a key market structure and is now eyeing a fresh upward target after a successful bullish retest. Letās dive into whatās happening and whatās next! š
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š Market Structure Break ā What Just Happened?
Sonic recently broke above a major resistance level, signaling a shift in trend from bearish to bullish. This kind of breakout usually marks the beginning of a strong move, and thatās exactly what weāre witnessing! šš„
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Previous Resistance: $0.0000085
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Current Price: Hovering around $0.000010
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Structure Break Confirmation: Daily candle close above resistance with high volume š
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š Bullish Retest ā The Smart Money Move šø
After the breakout, Sonic came back down to retest the previous resistance, which has now turned into support. This is called a bullish retest, and itās a strong confirmation that the market is ready to go higher. ā
š Price bounced perfectly off the new support
š Traders and whales have started accumulating again š
š Market sentiment is turning more optimistic š
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šÆ New Target in Sight ā Whereās Sonic Heading Next?
With momentum building and technicals lining up, analysts are now targeting the $0.000012 to $0.000015 range as the next destination for Sonic. If bullish pressure continues, we might even see:
š„ Short-Term Target: $0.000012
š„ Medium-Term Target: $0.000018
š„ Long-Term Hype Target (If market stays bullish): $0.000025+
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š Indicators Supporting the Rally
š RSI: Trending upwards, not yet in overbought zone
šµ MACD: Bullish crossover on the 4H and Daily chart
š Volume: Increasing steadily, confirming buyer interest
š Whale Activity: Notable accumulation on-chain
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š§ Final Thoughts ā Should You Keep an Eye on SONIC?
If youāre into meme coins with solid community backing and breakout potential, Sonic should definitely be on your radar. š
But remember, as with all crypto investments, do your own research (DYOR) and donāt chase green candles blindly. š¦ā ļø
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š¬ What do YOU think? Will Sonic zoom past its next resistance like the blue blur it's named after? ššØ
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