Expert Says Things Could Get Ugly for Sonic (S) Price If This Happens

Sonic (S) is heading toward a pretty big decision point on the chart. According to crypto expert Ali, all eyes are now on the $0.395 support level

Cryptocurrency prices often move in trends, and traders use support and resistance levels to anticipate the direction of the market.

According to Ben, all eyes are now on the $0.395 support level for Sonic (S). This zone could be pivotal for a bounce or a breakdown.

Sonic Price Still Holds Above Key 2024 Low

Chart: TradingView

Above: Sonic price action shows a sustained downtrend with lower highs and lower lows. Several support levels have also shifted roles.

According to Ben, the 12-hour Sonic chart shows a sustained bearish structure. Sonic peaked near the $0.62 resistance zone in early May and formed a double-top pattern.

Since then, the price has broken through several support zones, including the mid-range between $0.4850 and $0.5000. This level, which once acted as support, is now considered a resistance zone following the recent breakdown.

The next major support is $0.395. If this level breaks, historical data suggests the Sonic price could move quickly toward the $0.3750–$0.3850 range. Traders monitoring the chart will likely be watching how the token reacts if it tests that area.

Shifting Roles Of Sonic Support Levels

The range between $0.4850 and $0.5000 acted as a pivot point throughout April, with the price bouncing between those levels. However, after the latest drop, the price has failed to reclaim that zone.

The inability to move above the $0.4850-$0.5000 range confirms the downtrend’s strength.

The lower support near $0.395 remains active and unbroken. That level provided the base for a sharp reversal in early April. If Sonic price fails to bounce there again, a deeper correction becomes more likely.

Sonic Technical Signals

Visual observations of the chart show long candle wicks and low follow-through on attempted rebounds. These characteristics often suggest hesitation among buyers.

Momentum appears to have slowed, and trading volume likely decreased based on price behavior.

The market structure remains bearish with lower highs and lower lows. Without a shift in momentum, support tests may result in further losses. A bounce from the $0.395 area would need strong volume to confirm a reversal toward higher resistance zones for Sonic price.

Moreover, Ben’s tweet confirms the $0.395 level as the immediate zone to watch. It serves as a clear signal for market participants awaiting either a short-term rebound or further decline. The tweet states:

“#Sonic (S) is heading back to retest the $0.395 support level. This is a key zone to watch for a potential bounce or breakdown.”

As of now, the market is approaching this level with caution. Traders will likely look for confirmation signals before committing to either side.