Can Sonic [S] rise 130% after 360K surge in transactions?

Quick Summary:

Sonic broke out of a bottoming pattern and could be set for a price surge if momentum is sustained.

The bullish structure for Sonic would become invalid if its price dropped beneath the $0.30 zone to close below the neckline.

The continuation of this momentum suggested a 130% price increase toward $0.65 if the breakout movement held.

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Author / Journalist: Lennox Gitonga

Category: Crypto

Markets: United States

Topics: Trading View News News 1 Ambcrypto Altcoin Social

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-01 @ 19:00:37 (16 hours ago)

News Timezone: GMT +8:00

News Source URL: ambcrypto.com

Language: English

Article Length: 644 words

Reading Time: 4 minutes read

Sentences: 33 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © AMBCrypto

News ID: 28312420

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About AMBCrypto

Main Topics: Crypto

Official Website: ambcrypto.com

Update Frequency: 17 posts per day

Year Established: 2018

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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