Sonic (S) price prediction: Approaching key resistance area, need to follow the price reaction in the $0.36 region.

Sonic (S) rose by 19.4% in a single day, approaching the mid-range resistance level $0.356. Despite strong buying support in the short term, several technical indicators suggest that the upward momentum may be insufficient. Investors need to follow the price reaction in the $0.36 area.

Price tests key support, $0.3 range solid On July 29 and 30, Sonic tested the local support $0.297 area, followed by a quick rebound. Over the past month, the $0.3 price range has consistently acted as a strong support level. Although bulls attempted to break through the high on July 18, they were met with bearish pressure, and the price returned to range-bound fluctuations.

Range Trading Logic Sonic is currently trading within a sideways range of $0.3 to $0.418, and is now approaching the midpoint resistance level of $0.356. From the perspective of OBV (On-Balance Volume), buyers have been consistently active over the past week, but the CMF (Chaikin Money Flow) has failed to break above the critical level of +0.05, suggesting that actual buying pressure may be limited.

(Source: TradingView)

At the same time, the MFI (Money Flow Index) indicates a weakening of bullish strength, suggesting that Sonic may struggle to effectively break through the $0.356 resistance.

Short-term signals are more optimistic On the 4-hour chart, Sonic maintains a strong structure, and recent trading volume has significantly increased, indicating active demand in the market in the short term. The MFI has risen to 76, supporting the bullish view. In contrast, the daily level trend still shows divergence.

The liquidation heatmap reveals key price levels Analyzing the liquidation heatmap shows that the liquidation level in the $0.35 area has been "cleared" in the last few hours, while the $0.36-$0.362 above is a potential "magnetic zone" that may attract prices to rise in the short term.

However, this area may also become a "ceiling" for the rebound, as bullish positions start to accumulate below $0.34. Once the price turns, it may trigger a rapid pullback.

Trading Advice and Risk Reminder Considering various technical indicators and on-chain data, the most reasonable operating strategy at present is to wait for the price to break through $0.36 and confirm support before considering entry, and set a smaller stop loss to control risk.

Before Bitcoin (BTC) price strongly breaks through $118,600, preemptively shorting may face the risk of forced stop-loss; similarly, blindly chasing longs also carries the possibility of false breakouts.

Conclusion: Sonic is currently at a critical point in a volatile range, with strong trading volume and indicators in the short term, but facing significant resistance levels. For crypto users, calmly assessing the technical structure, volume changes, and on-chain signals will be key to grasping the next market trend.