Sonic Coin Could Be Set for Explosive Growth | BITmarkets
Insights Analysis Sonic Coin Could Be Set for Explosive Growth

Sonic Coin Could Be Set for Explosive Growth

March 19, 2025 Analysis
BITmarkets | Sonic Coin Could Be Set for Explosive Growth

The fundamental strength of the Sonic token is undeniably impressive, but understanding its technical outlook is just as crucial. Even if a cryptocurrency has strong fundamentals, buying when its price is near an all-time high can be highly risky.

Fortunately, Sonic is in the opposite position. Its price is currently in a corrective decline, which—combined with its solid fundamentals—creates an opportunity to buy a promising token under highly favorable conditions.

If market dynamics align, Sonic could be positioned for significant upside potential.

Daily time frame analysis

SONI1

SONIUSD - 1 Day Time Frame

A few days ago, Sonic’s price successfully closed above two key resistance zones, establishing a strong technical foundation for a potential buy position. Additionally, a new support zone has formed, further reinforcing bullish momentum.

Notably, the lower resistance zone—now acting as support—closely aligns with the newly established support zone. This confluence further validates Sonic’s bullish market structure.

To provide a clearer understanding of this setup, we have attached a chart where the previous resistance zone, now serving as support, is highlighted in orange.

Sonic coin price target

Identifying an optimal entry point is only half the equation for success. To achieve consistent trading results, investors must implement effective trade management strategies after opening a position.

From a risk management perspective, a Stop Loss order could be placed below the internal low, as indicated on the attached chart. If the price closes below the lower boundary of the latest support zone, reducing exposure by selling part of the position may be a prudent approach to mitigate potential losses.

For profit-taking, BITmarkets recognizes the potential for growth toward Buy-Side Liquidity levels, as price movements often seek these levels for optimal order matching. Since Stop orders tend to accumulate below key lows and above highs, there is a strong probability that the market will attempt to reach these levels.

This presents an opportunity for traders to secure potential profits along the way while keeping part of the position open to capture further upside.

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