Sonic (S) Profit Shrinks but Maintains Upward Trajectory

The S token has shown notable price action on the daily chart, continuing its upward retracement through today. As of the time of writing, the coin has recorded a 7.70% price increase—enough to place it among today’s top crypto daily movers.

S Statistics

Current Price: $0.3306

Market Capitalization: $953.18M

Circulating Supply: 2.88B

Total Supply: 3.22B

CoinMarketCap Rank: 82

Key Price Levels

Resistance: $0.3500, $0.4000, $0.4500

Support: $0.3250, $0.3000, $0.2750

Sonic Clinches Additional Modest Gains

The S/USDT market rebounded from the lower band of the Bollinger Bands (BB) indicator in the previous session, and the current session has continued along that recovery path. However, price activity still remains below the midline of the BB indicator.

Meanwhile, the Smoothed Rate of Change (SROC) indicator line continues to hover just above the equilibrium level, though it is now slightly angled downward. Despite this, the short-term upward recovery trend remains intact.

S Bulls Stay Resilient (4-Hour Chart)

On the Sonic 4-hour chart, price action continues to exhibit bullish behavior. The previous session delivered a strong move for the bulls despite earlier contractions, and the current session has continued in the same direction during its early phase.

Price action has now moved above the midline of the BB indicator, while the BB bands have taken on a more sideways trajectory, suggesting consolidation with bullish bias. At the same time, the SROC indicator line, although still below the equilibrium level, is now beginning to slope upward. Traders can maintain a bullish stance while price continues its climb toward the $0.3500 resistance level.

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