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Sonic Token Stuck in Range as Traders Await Volume Breakout
Sonic Token Stuck in Range as Traders Await Volume Breakout
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Sonic (S) has traded within a tight range for 48 consecutive days, exhibiting neither breakout strength nor breakdown momentum. Resistance levels continue to cap upside attempts while fading volume reinforces the stalemate.
Technical analysis reveals clearly defined boundaries, with rotational price action dominating recent weeks. The market appears to be consolidating before its next directional move—either a breakout above resistance or breakdown below support would establish fresh momentum.
Traders remain cautious as low participation and suppressed volatility persist. The token’s next trend will likely hinge on a surge in trading volume to break the current equilibrium.
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