Technical analysis by The_Alchemist_Trader_ about Symbol S: Buy recommendation (8/29/2025)

Sonic (SUSDT) is trading at the point of control of its current range, a region in confluence with the 0.618 Fibonacci and value area low. Sonic’s reaction here could set the tone for its next move. Sonic has been consolidating around a major support cluster for an extended period. This region, which aligns with the point of control, the 0.618 Fibonacci retracement, and the value area low, has acted as a structural base. If this zone holds, it creates conditions for a rotation higher, with the $0.50 level emerging as the next technical target. SONIC Price Technical Points: - Point of Control Support: Sonic is holding at the POC in confluence with the 0.618 Fibonacci and value area low. - Volume Profile Foundation: Prolonged trading in this region has built significant volume support. - Upside Objective: A breakout from the current channel could accelerate toward $0.50. Main Analysis: Sonic’s current price action reflects a prolonged period of accumulation within its trading channel. The point of control, which represents the most actively traded volume level, has emerged as a pivotal area. Combined with the 0.618 Fibonacci retracement and value area low, the region highlights a strong confluence of support. From a structural standpoint, this setup favors continuation higher once momentum returns. A breakout from the current channel would serve as the catalyst for a bullish expansion, with the $0.50 level representing the next logical upside target. However, the sustainability of such a move will rely heavily on market participation. The volume profile confirms this dynamic. While Sonic has established a strong base through extended consolidation, a surge in bullish inflows will be required to validate the next rotation upward. Without volume confirmation, price could remain range-bound, delaying the breakout despite strong technical foundations. What to expect in the coming price action: If Sonic defends its current confluence zone and volume inflows increase, a breakout toward $0.50 becomes the most probable scenario. Failure to generate demand would risk continued consolidation within the range.