29.5K @CryptoPulse_CRU 🟢Sonic Breakout Delivers Six Percent
2 days ago, we shared our outlook on $S (Sonic) and highlighted two possible scenarios: drop-base-drop or drop-base-rally.
The market followed the drop-base-rally path. After breaking out of the rectangle, price rallied about 6% before facing rejection at the 200 MA on the 1H chart.
A solid move from the breakout, but resistance remains a key level to watch.
29.5K @CryptoPulse_CRU $S (Sonic) rebound around the corner?
We previously covered the fundamentals behind what’s happening with $S.
From a price action perspective, there are currently two possible scenarios:
• Drop → Base → Rally
• Drop → Base → Drop
Sonic has completed the drop phase and is now building a base. The next major move depends on a breakout or breakdown.
Watch the price action closely over the coming days.
5
1
906
29.5K @CryptoPulse_CRU $S (Sonic) rebound around the corner?
We previously covered the fundamentals behind what’s happening with $S.
From a price action perspective, there are currently two possible scenarios:
• Drop → Base → Rally
• Drop → Base → Drop
Sonic has completed the drop phase and is now building a base. The next major move depends on a breakout or breakdown.
Watch the price action closely over the coming days.
4
0
2.1K
10.6K @BartertownC I told them there was Millions of sell pressure coming to sonic-3:native and they didnt listen
They were too drunk off their $500 monthly shill check
Today the budget got cut the shill check is $250
All time lows right around the corner did vertical integration fail on Sonic ?
@SonicLabs
10.6K @BartertownC How much more obvious does it need to get before Sonic Labs or Silo says something?
@SonicLabs @SiloFinance
88.4% borrow APR
75.1% supply APR
100% utilization
0 USDC available to borrow
And people still want to call this “healthy.”
And instead of clear public answers, there are already reports of people getting deleted from Discord for raising concerns.
This market looks completely pinned, completely overcrowded, and completely dependent on nobody rushing for the exit at the same time.
Meanwhile there’s roughly $2.9M of $S-side TVL that can become sell pressure if this unwind starts cascading.
That is not confidence.
That is a giant red flag.
This is the kind of setup that gets defended all the way up and then blamed on “market conditions” after it blows up.
How is this not a ticking time bomb?
18
4
1.4K
