Bulls in Trouble! Sonic Rejected Again—Lower Lows Incoming?Yello, Paradisers! Is #Sonic about to take another dive? The latest price action suggests trouble for the bulls. After failing to reclaim key support, the downtrend is back in full force.
💎#SUSDT continues to reject from a historically strong resistance at $0.63 – $0.65, a level that has repeatedly proven difficult to break. This latest rejection is only accelerating the downside, putting lower targets into play.
💎The sellers are initially aiming for the $0.46 – $0.44 levels, a strong support zone where we could see some short-covering as traders take profits on their positions. This level has provided temporary relief in the past, making it a key area to watch.
💎However, if sellers maintain control and the bearish momentum continues, the price could dip even further into the $0.3850 – $0.3740 zone. This area has historically acted as a strong support base, attracting significant buying pressure that could fuel a potential reversal.
💎For bulls to regain control, they must reclaim the $0.63 – $0.65 zone, a strong resistance level. However, with descending resistance reinforcing this area, breaking out won’t be easy. Until then, the trend remains bearish, and lower levels are in play.
Stay patient, Paradisers! The market always rewards discipline. If we see confirmation, we take action. If not, we wait. Trade smart, not fast! 🎖
MyCryptoParadise
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