Whales Accumulate Sonic as Breakout Toward $0.62 Builds
Sonic (S) is exhibiting strong bullish signals, with whales aggressively accumulating the token NEAR a key demand zone. The price action suggests a potential breakout toward $0.62, supported by repeated defenses of critical support levels and increasing buying pressure.
Long lower wicks on recent candlesticks indicate firm rejection of bearish attempts, reinforcing the strength of the established demand zone. On-chain data confirms large holders are building positions strategically, often a precursor to significant price movements.
The convergence of technical strength and whale accumulation creates favorable conditions for an upward move. Market participants are watching closely as liquidity dynamics and buying pressure align for a potential rally.
