Whales Accumulate Sonic as Technicals Suggest Potential Breakout to $0.62

Sonic's price action shows signs of bullish momentum following whale accumulation near a key demand zone. The cryptocurrency recently rebounded from this zone with long rejection wicks, historically a precursor to rallies. Aggressive buying volume now counters selling pressure, preventing further dips.

On-chain data reveals substantial whale activity, with large holders placing significant bids around the demand zone. This accumulation pattern typically precedes major price movements, as institutional players position themselves at strategic levels. The confluence of technical support and whale interest builds a case for upward momentum.

Liquidity clusters suggest $0.62 as the next probable target, should current support hold. Market structure echoes previous setups where similar accumulation preceded substantial rallies. The alignment of whale activity and technical factors creates a compelling bullish thesis for Sonic's near-term trajectory.