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Technical analysis by SaltSugar about Symbol S: Buy recommendation (2/12/2025)

https://sahmeto.com/message/3243705
SaltSugar
SaltSugar
Rank: 28722
1.3
Buy،Technical،SaltSugar

Long Sonic on H4-D1.Entry: current level or limit order @ 0.48TP: 1.5 and 2Exit: confirmation on D1 below 0.38 (2nd test on Feb,8 of local lows)FA: Sonic - EVM L1-chain with high performance (10k TPS with subsec finality)Previously it was Fantom but recently rebranded.CTO - Andre Cronje.Trades on all major CEX.Top-21 among Chains (Defillama) by TVL - 393mln1/ Strategic angel investors: Michael (Curve), Stani (Aave), Robert (Compound), Tarun (Gauntlet), and Sam (FRAX), as well as our venture partners Hashed, Signum Capital, and UOB Venture Management (source: soniclabs).2/ FDV = MCap!!!3/ Massive airdrop on June around 100mln (current TVL - 393mln, so it's 25% profit on you locked capital if the price remains the same)4/ 90%-revenue sharing with dApps built on SonicTA:1/ EMA21 and 55 cross on H42/ strong bounce on high volume above PoC and MA-cross3/ capitulation on Feb,3 (weak hands shakeout)Can repeat that SUI did.

Translated from: English
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Signal Type: Buy
Time Frame:
4 hours
Price at Publish Time:
$0.52392
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