Sonic’s Rebound Stalls: Low Volume Keeps Bearish Structure Intact

Sonic’s latest price rebound hits a wall—trading volume fails to back the move, leaving bears firmly in control.

No breakout yet. Despite the uptick, the asset’s bearish framework remains unbroken. Traders stay wary as momentum fizzles without volume confirmation.

Another classic crypto 'recovery'—all hype, no liquidity. Just like Wall Street’s 'green shoots' during a recession.

Key technical points

• Yearly Low: $0.24; must hold to form a higher low and base for reversal.
• Critical Resistance: $0.40; reclaiming this level would break bearish market structure.
• Current Structure: Still bearish; lower lows and lower highs remain intact.
• Volume Profile: Still weak; strong volume needed to validate any breakout.

Sonic’s drop to $0.24 marked a key inflection point, a new yearly low that could represent a final flush if the level holds. The recent rally into the value area low is technically significant, but so far, it lacks the volume and structure needed to confirm a sustained trend shift.

For Sonic to build a convincing bottom, it must hold above $0.24 and begin forming higher lows on lower timeframes. A clean reclaim of $0.40 WOULD be the first meaningful sign of structural change, breaking the series of lower highs that have defined the current downtrend.

Volume remains a concern. While the bounce was impulsive, it appears driven more by a short squeeze than by genuine accumulation. The market had been heavily skewed to the downside, and Sonic’s sharp rise likely forced a flush of short positions. This type of move, while aggressive, doesn’t inherently signal trend reversal unless followed by sustained buying interest and structural improvement.

If Sonic consolidates above $0.24 and begins printing higher lows with increasing volume, the case for a mid- to long-term reversal strengthens. Until then, traders should be cautious in interpreting this MOVE as anything more than a technical relief bounce.

What to expect in the coming price action

The next few weeks will be critical for Sonic. Holding above $0.24 is essential to FORM a base. If price consolidates and reclaims $0.40 with rising volume, it could signal the start of a broader trend reversal. Otherwise, bearish pressure may resume.