strong buy
Sonic Cryptocurrency Surges as Altseason Approaches
Greetings and respect. Happy Friday. A dear friend requested an analysis of 'Sonic (formerly Phantom)', which I am pleased to provide.
:police_car_light: Technical analysis of Sonic (SUSDT) on the 4-hour timeframe.
Sonic has encountered positive developments, as it was listed on Coinbase, resulting in a 16% increase for its holders.
Currently, considering Bitcoin's recent sharp rise toward $120,000, and the subsequent upward momentum seen in altcoins following Bitcoin, along with Ethereum surpassing $3,000—a promising sign of an upcoming altseason—Sonic is also attempting to break through its key resistance zone at 0.3512.
If Sonic manages to successfully break and sustain above 0.3520, we could witness an upward move targeting 0.3783 and 0.3968 as the next objectives. These levels are critical, as a significant future move could originate from there.
More insights can be found at https://t.me/Arrad_academy.
Tutkcrus
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AI Analysis
The recent listing of Sonic on Coinbase has acted as a catalyst, boosting investor confidence and leading to a 16% increase. Such exchanges often serve as validation points that attract new investors ...
AI Recommendation
Given the positive technical signals and the broader bullish momentum in the crypto market, a cautious buy or entry position could be considered around current levels, especially if Sonic manages to s...
Disclaimer
The AI analysis and recommendations provided are for informational purposes only. Any investment decisions should be made at your own risk. Past performance is not indicative of future results. Always conduct your own research and consider consulting with a financial advisor before making any investment decisions.