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($SONIC /USDT) Chart Analysis💎📊 😱The Sonic ($SONIC /USDT) trading pair on the 4-hour chart reflects a period of recovery and potential consolidation after a recent decline. Here's a detailed breakdown of the analysis: Key Observations:🚀 Price Movement: The current price is 0.578220 $SONIC USDT, showing a gain of +5.44% in the last 24 hours. The price has bounced from the recent low of 0.536715$SONIC USDT, indicating a potential short-term reversal. Bollinger Bands (BOLL): Upper Band (UB): 0.623620 Lower Band (LB): 0.518756 The price is approaching the middle band, which acts as a key support/resistance zone. A breakout above the middle band could signal further upside momentum. Moving Averages (MA):📈 5-period MA: Positioned at 0.570927, close to the current price, indicating that the price is attempting to stabilize near the short-term average. 10-period MA: At 0.578220, acting as immediate resistance. Volume (VOL):👀 The trading volume for the 4-hour timeframe is 168.63K, suggesting moderate market activity. Increased volume could provide the fuel for a stronger move in either direction. Relative Strength Index (RSI): Although not directly visible, the recent price increase implies that RSI is likely moving upward from oversold levels, signaling potential bullish momentum. 24-Hour Overview: High: 0.589297 Low: 0.536715 24H Turnover: 29.58M USDT These levels define the trading range, with resistance near the 24-hour high. Technical Signals:🔎 Bullish Signs: Price recovery from the lower Bollinger Band. Positive price action (+5.44%) over the past 24 hours, suggesting renewed interest. Bearish Risks:👀 Resistance from the 10-period MA at 0.578220. The trend remains cautious until there is a decisive breakout above the upper Bollinger Band or 0.623620. Potential Scenarios: Bullish Breakout:🚨 A strong push above 0.589297 (24H high) with increased volume could trigger further upside, targeting 0.65–0.70$SONIC USDT. Bearish Rejection:💫 Failure to sustain above 0.57 USDT may lead to a retest of the lower Bollinger Band at 0.52 $SONIC USDT, with a risk of falling toward 0.50 USDT.

Sonic DeFAI Hackathon Opens Applications, Offers $250,000 in Prizes Sonic announced the launch of the DeFAI hackathon, offering $250,000 in prizes focused on building AI agents that perform social and on-chain actions. Applications are open now until February 24, 2025, and par…

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This coin is a scam coin, sell the coins ASAP😆😂🤣

This coin is a scam coin, sell the coins ASAP😆😂🤣