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A key observation is the formation of a long-term ascending trendline, which has supported the price action multiple times, including the most recent dip. This suggests that Sonic (S) could be at the early stages of a potential recovery phase.<\/span><\/p>\n Additionally, the Relative Strength Index (RSI) on the daily timeframe has exhibited bullish divergence, indicating that selling pressure is weakening and buyers are stepping in. The RSI bounced from oversold conditions, which historically precede trend reversals.<\/span><\/p>\n Key Fibonacci retracement levels indicate that for a sustained recovery, Sonic must reclaim the 0.382 level at $0.95. If the price manages to break above this level, the next significant resistance is near the 0.236 Fibonacci retracement at $1.14, aligning with a previous structural high.<\/span><\/p>\n On the 1-hour chart, Sonic (S) is developing an impulsive five-wave move, suggesting the end of a local uptrend. We are currently likely seeing the development of wave (v) with more upside expected in the short term to a high of $0.657 in the next following days.\u00a0<\/span><\/p>\n Following this, a corrective A-B-C structure should form, with price action potentially targeting the 0.5 Fibonacci retracement level at $0.514 or the 0.618 level at $0.482. A deeper retracement toward $0.38 remains possible if selling pressure intensifies.<\/span><\/p>\n<\/div>\n [ad_2]<\/p>\n","protected":false},"excerpt":{"rendered":" [ad_1] FTM\/USD daily chartA key observation is the formation of a long-term ascending trendline, which has supported the price action multiple times, including the most recent dip. This suggests that Sonic (S) could be at the early stages of a potential recovery phase. Additionally, the Relative Strength Index (RSI) on the daily timeframe has exhibited bullish divergence, indicating that selling pressure is weakening and buyers are stepping in. The RSI bounced from oversold conditions, which historically precede trend reversals. Key Fibonacci retracement levels indicate that for a sustained recovery, Sonic must reclaim the 0.382 level at $0.95. If the price manages to break above this level, the next significant resistance is near the 0.236 Fibonacci retracement at $1.14, aligning with a previous structural high. Sonic Price Prediction On the 1-hour chart, Sonic (S) is developing an impulsive five-wave move, suggesting the end of a local uptrend. We are currently likely seeing the development of wave (v) with more upside expected in the short term to a high of $0.657 in the next following days.\u00a0 Following this, a corrective A-B-C structure should form, with price action potentially targeting the 0.5 Fibonacci retracement level at $0.514 or the 0.618 level at $0.482. A deeper retracement toward $0.38 remains possible if selling pressure intensifies. [ad_2]<\/p>\n","protected":false},"author":1,"featured_media":35109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[45],"tags":[],"class_list":["post-35108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financas"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/35108","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/comments?post=35108"}],"version-history":[{"count":0,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/posts\/35108\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media\/35109"}],"wp:attachment":[{"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/media?parent=35108"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/categories?post=35108"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tiproject.online\/index.php\/wp-json\/wp\/v2\/tags?post=35108"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Sonic Price Prediction<\/span><\/h2>\n