Sonic ($S) – Rebound After Heavy DownsideAfter months of downside, $S looks ready to repeat its historical cycle of massive accumulations followed by explosive breakouts.
✅ Previous cycles show gains of +1,600%, +5,600%, and +900% after similar consolidation phases.
✅ The current falling wedge breakout on the weekly chart suggests that momentum is shifting back in favor of the bulls.
✅ Strong fundamentals are aligning:
Testnet 2.1 upgrade (Aug 12) integrated Ethereum’s Pectra for scalability & interoperability.
TVL inflows of $21M and growing trading volume (June $3.1B → July $4.9B).
US expansion plans (ETF, NASDAQ PIPE, Delaware entity) with governance vote ending Aug 31.
🎯 Targets Ahead
First resistance: $0.54
Mid-term: $0.84 → $1.45
Long-term (cycle projection): $9 → $15+
⚡️ History shows what happens after long consolidations: parabolic runs. With fundamentals lining up and technicals breaking out, this could be the beginning of Sonic’s next major cycle.
💡 “After all the downside, it’s time for $S to return – the setup looks explosive.”
