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Sonic rises by more than 11% in 24 hours after a long period of decline. But dInterest in the cooling of ESPITE on points and future markets, turnover overflow indicates more up.
After months of bleeding price action, Sound [S] It can finally show signs of real turnover.
Altcoin has jumped by more than 11% over the last 48 hours and after he was largely ignored during recent market rotations.
And with its prices, which are not exempt from a key resistance level of $ 0.3604, are they interested in traders – is it just a relief or the beginning of something more?
Source: TradingView
Does the market structure move?
The overall structure of Sonic remained bear for a while, with lower maximum from the beginning of Q2 permanently formed. However, the recent rally seems to have violated this formula and moved the price above the key level of resistance.
This gentle shift may indicate early signs of conversion, especially if the current bull momentum can be held.
The increase in the circuit of the circulating token contributes to optimism, indicating that more tokens are actively moving – often by sign of renewed interest or relocation of retail and whales.
Source: Token terminal
Bubble maps show caution
Despite its growing turnover, Sonic’s volume of bubbles at the time of printing a sign of cooling. The market has seen a slowdown in aggressive placement compared to the peaks at the beginning of this week.
So even though the structure can improve, some traders are still hesitant – probably because of the weak Sonic record in recent months.
Source: Cryptoquant
Yet, the Futures volume bubble map had a cooling flow before neutral has changed in the last four days, indicating an improved futures market.
Historically, the Futures market has always been the first to respond to volatility before the spot market.
And in the case of Sonic Variations, they draw an optimistic bull image.
Source: Cryptoquant
What will be for Sonic?
If the bulls manage to push through Sonic for immediate resistance, another goal sits near the 0.4076 USD zone at $ 0.5438, where assets prices faced refusal at the end of May and early June.
Meanwhile, the momentum is being built – but it is fragile. Much of what happens further depends on whether the turnover power can overcome the support of the derivative fading.
If it keeps the volume and holds the sentiment, Sonic could finally overturn its medium -term trend. However, any refusal at a higher level of resistance could send it to short -term repairs.
At the moment, the bulls have an edge.
