SONIC or S and formerly FANTOMSonic (formerly Fantom), Ethereum’s Layer 1 virtual machine cryptocurrency, has made two attempts to break through $0.62 and reach its previous price of $1 after price corrections, but failed each time.
If it follows the pattern, it could reach its previous price of $1 and even higher this time.
Sonic Reversal Play with a High R/R SetupPrice has dropped right back into the same demand zone that held everything together during the last major flush. I noticed we’re getting clear RSI divergence thus price is bleeding lower, but momentum isn’t following. That usually means to me that sellers are getting tired.
There’s also a large ga
S (Ex FTM) UpdateS is Preparing for a Key Liquidity Grab and Potential Reversal
Previously, S swept the liquidity from the upside and formed a zig-zag corrective structure within a descending channel. Following a clean breakdown, it has struggled to recover — despite broader bullish conditions in the market.
Now,
SONIC Impulse Structure Emerging Wave 2 in ProgressSONIC has confirmed the end of its prior bearish cycle after completing a complex corrective structure, culminating in a breakout from a bullish falling wedge formation. The movement marks the initiation of a fresh impulsive sequence, with Wave 1 delivering a solid leg to the upside.
We can deduct
$SONIC Spot Holding Setup:The price is currently hovering near the bottom of the parallel channel, a key area that has historically provided strong support.
* Perfect zone for spot accumulation
* Risk-reward is highly favorable from this level
* Previous bounces from this zone have shown significant upside
If the channel ho
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of Sonic / USD Tether (S) is 0.3947 USDT — it has fallen −2.78% in the past 24 hours. Try placing this info into the context by checking out what coins are also gaining and losing at the moment and seeing S price chart.
Sonic / USD Tether price has fallen by −12.51% over the last week, its month performance shows a −24.36% decrease, and as for the last year, Sonic / USD Tether has decreased by −52.97%. See more dynamics on S price chart.
Keep track of coins' changes with our Crypto Coins Heatmap.
Keep track of coins' changes with our Crypto Coins Heatmap.
Sonic / USD Tether (S) reached its highest price on Jan 16, 2022 — it amounted to 3.4000 USDT. Find more insights on the S price chart.
See the list of crypto gainers and choose what best fits your strategy.
See the list of crypto gainers and choose what best fits your strategy.
Sonic / USD Tether (S) reached the lowest price of 0.1643 USDT on Nov 21, 2022. View more Sonic / USD Tether dynamics on the price chart.
See the list of crypto losers to find unexpected opportunities.
See the list of crypto losers to find unexpected opportunities.
The safest choice when buying S is to go to a well-known crypto exchange. Some of the popular names are Binance, Coinbase, Kraken. But you'll have to find a reliable broker and create an account first. You can trade S right from TradingView charts — just choose a broker and connect to your account.
Crypto markets are famous for their volatility, so one should study all the available stats before adding crypto assets to their portfolio. Very often it's technical analysis that comes in handy. We prepared technical ratings for Sonic / USD Tether (S): today its technical analysis shows the sell signal, and according to the 1 week rating S shows the sell signal. And you'd better dig deeper and study 1 month rating too — it's sell. Find inspiration in Sonic / USD Tether trading ideas and keep track of what's moving crypto markets with our crypto news feed.
Sonic / USD Tether (S) is just as reliable as any other crypto asset — this corner of the world market is highly volatile. Today, for instance, Sonic / USD Tether is estimated as 1.73% volatile. The only thing it means is that you must prepare and examine all available information before making a decision. And if you're not sure about Sonic / USD Tether, you can find more inspiration in our curated watchlists.
You can discuss Sonic / USD Tether (S) with other users in our public chats, Minds or in the comments to Ideas.