- Sonic (s) decreases approximately 10 % after a solid march indicating hibbio signs.
- The main support can be tested at $ 0.71 if the price decreases more.
Sonic (S) has decreased by approximately 10 % in the past 24 hours, with the maximum market now at $ 2.34 billion. However, it appears to be a moderate correction after a strong gathering. The price that faces strong psychological resistance worth $ 1. If buyers succeed in breaking this level, a new gathering may be seen.
According to trading data, the Sonic Crypto performance has been good in the past few weeks and has succeeded in paying the price near the resistance of $ 1.00. It gives enormous returns to its investors. Last month, it increased by about 40.89 % and last week it increased by 58.02 %.
according to Coinmarketcap Data, currently, Sonic encryption price is traded at $ 0.81650 with a decrease in the day 10 %. Trading over 24 hours is 318.68 million dollars, and the maximum market is $ 2.35 billion. Community feelings are 87 % bullish and 13 % decline.
What does the price decrease indicate in the audio price?
source: Tradingvief
The sudden decrease in the price, along with the size, indicates the profit reservation after a strong gathering. Therefore, it appears that Sonic Crypto may bounce after getting support at the EMA level for 50 days. Therefore, new participants can look forward to buying $ s cry at the current level because the possibility of reaching one dollar in March is high.
Moreover, the technical summary of trade also supports the analysis. According to the technical summary of the Sonic Crypto trading face, out of 16 indicators on the sale side, 6 located on the neutral side and 8 on the purchase side, indicating the rise.
The analysis indicates that Sonic can regain its upper momentum in the coming days. To confirm these upward moves, you will need to support the buyer at $ 0.71. If buyers are able to defend this support level and pay the price higher than the higher resistance ranges, investors Sonic may notice a $ 1 brand in the coming days.
The news of the encryption was highlighted today:
Cardano constitution believed, is $ 1 at hand?
Involve
