Sonic Attempts Market Structure Shift — Bullish RSI Divergence

Sonic (S) price action is currently trading near the value area low, where a clear bullish RSI divergence has formed. While price recently printed lower lows, the RSI has begun forming higher lows, signaling that bearish momentum may be fading.

This divergence is often seen during the late stages of a downtrend when selling pressure begins to weaken and buyers start stepping in. As a result, Sonic is now attempting to shift market structure as the current rally develops from this key support region.

A critical level to monitor is the $0.03 support zone, which has now emerged as a strong technical level on the chart. As long as price continues to hold above this support and respects the 0.618 Fibonacci retracement, the probability increases for a corrective rally.

If buyers maintain control above this level, the next logical upside target sits at the high-timeframe resistance near $0.04.

Failure to hold the $0.03 support would invalidate the bullish setup and suggest that bearish momentum remains dominant.