Technical analysis by CryptoNuclear about Symbol S: Buy recommendation (8/9/2025)

Overview The daily chart shows a clear medium-term downtrend (well-defined descending trendline) meeting a strong horizontal support zone around 0.25–0.31 USDT (yellow box). Current price ≈ 0.3059 USDT. This structure forms a descending triangle or accumulation range, signaling that the market is in a decision phase — either a bullish breakout or a bearish continuation. --- Key Levels Current Price: 0.3059 Support Zone: 0.2494 – 0.305 (historical low at 0.2494) Descending Trendline Resistance: ~0.33–0.35 (dynamic) Next Resistances: 0.3891, 0.5278, 0.6067, 0.7461, 0.8654, 1.0453 Breakdown Measured Target: ~0.11 (if 0.2494 breaks) Potential % moves from current price: To 0.3891 ≈ +27.2% To 0.5278 ≈ +72.5% To 0.2494 ≈ −18.5% To 0.11 ≈ −64% --- Pattern & Interpretation Main Pattern: Descending trendline + horizontal support = descending triangle (bearish bias unless broken to the upside). Bearish Signal: Lower highs structure, price still under the descending trendline, supply pressure dominant. A daily close below 0.2494 with high volume = breakdown confirmation. Bullish Signal: Daily close above the trendline (~0.33–0.35) with strong volume, followed by a successful retest = breakout confirmation. Extra confirmation if price breaks and holds above 0.3891. --- Scenarios Bullish 1. Break & daily close above trendline (~0.33–0.35) with rising volume. 2. Retest holds as support. 3. Targets: 0.3891 (+~27%), then 0.5278 (+~72%). 4. Stop-loss: below support box (~0.28 or safer < 0.2494). Bearish 1. Daily close below 0.2494 with strong volume = breakdown. 2. Measured move target ≈ 0.11. 3. Conservative target: psychological zones 0.18–0.15. 4. Stop-loss for shorts: above 0.305–0.33. --- Trading Notes Conservative Long: Wait for breakout & retest above trendline. Aggressive Long: Enter near support (0.26–0.30) with tight stop below 0.2494. Short: Only after confirmed breakdown below 0.2494. Always watch daily close + volume to avoid false signals. --- Conclusion Current trend is bearish, but the strong 0.25–0.31 support keeps the possibility of a short-term rebound alive. Decision point: Breakout above 0.35 → bullish rally, Breakdown below 0.2494 → extended sell-off. Risk management is key — use stop-losses and position sizing. #SONIC #SONICUSDT #CryptoAnalysis #SupportResistance #DescendingTriangle #Breakout #Altcoin #RiskManagement