Technical analysis by The_Alchemist_Trader_ about Symbol S: Buy recommendation (9/10/2025)

SONIC continues to trade around its $0.29 value-area support, hinting at accumulation. A reclaim of control could spark a rally toward $0.618. SONIC’s current structure shows prolonged consolidation at a major support zone. This support coincides with the value area level at $0.29, creating a high-confluence area. Market participants appear to be quietly accumulating in anticipation of the next move. Key Technical Points: - Key Support at $0.29: A strong value-area confluence. - Accumulation Signals: Extended sideways action suggests base-building. - Upside Target $0.618: Breakout potential points toward a bullish extension. While volume remains muted for now, a reclaim of structural control could shift sentiment. Once buyers assert dominance, SONIC has the potential to accelerate toward the $0.618 level and beyond. Sustained inflows are essential to confirm this setup. What to Expect in the Coming Price Action If SONIC reclaims control with strong volume, a swift rally toward $0.618 is likely. Until then, price is expected to remain range-bound, continuing its accumulation phase.