After months of downtrend, Sonic Token (SONIC) has finally flipped the script.
In a major technical move, Sonic has broken above its Point of Control (POC) a key volume-based support level signaling a clear shift in market structure. This bullish breakout follows a strong rally off the yearly low near $0.26, where price began building a solid base. Now, all eyes are on the next target: $0.52.
From Breakdown to Breakout
Sonic’s reversal started at a critical area: the value area low around $0.26. This level, which represented both historical and volume-based support, sparked a wave of accumulation and upward momentum. After weeks of grinding price action, the token finally broke through the $0.40 resistance a price ceiling that had capped previous rallies.
That breakout wasn’t just symbolic it marked the first major invalidation of the downtrend. And importantly, Sonic didn’t just break through and fall back. Instead, it retested the POC as new support, and held strong. That kind of successful retest is often a hallmark of continued bullish strength.
Key Technical Takeaways
- Market Structure Shift: The break above $0.40 officially ends the bearish structure that had dominated Sonic’s chart for months.
- POC Retest Holding: Buyers stepped in right at the volume-heavy zone, confirming it as a strong support base.
- Next Stop $0.52: If momentum holds, Sonic is likely headed for the next resistance level at $0.52.
What’s Next?
The price action now looks increasingly bullish across both low and high timeframes, with higher highs and higher lows forming consistently. But for this move to stick, volume is key. While it has started to tick upward, Sonic needs sustained buying volume to power through the next major barrier.
If buyers can maintain momentum above $0.40, the path to $0.52 the next high time frame resistance looks clear. That zone will likely serve as a battleground between bulls and bears, determining whether the trend continues or stalls into consolidation.
Bottom Line
Sonic’s chart has flipped bullish, and the pieces are falling into place for a potential continuation rally. With strong support now established at the POC and upside resistance within reach, Sonic could be gearing up for its next big leg higher.
As always, volume will tell the story but for now, the trend belongs to the bulls.
