SONIC/USDT Breakout in Progress? Watch This Critical Level Close🧠 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.
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