Sonic has been trapped within a tight range for the past 48 days, showing no real signs of breakout strength. With resistance mounting and volume fading, price action remains stuck in a rotational environment. A breakout or breakdown will set the tone for the next major move, but for now, the market remains constricted. Sonic ( S ) token’s price action has been confined within a clearly defined range, with a steady lack of momentum keeping traders cautious. Despite minor fluctuations, volume remains low, and key resistances continue to suppress any breakout attempts. This article will explore the current technical structure, key resistance and support levels, and the potential scenarios that could trigger the next trend. Key technical points Price action is stuck within a well-defined range with a high and low boundary. Major resistance includes the VWAP SR, 0.618 Fibonacci level, and value area high. A loss of the midpoint could trigger a cascade toward untapped liquidity below. SUSDT (1D) Chart Source: TradingView For 48 consecutive days, Sonic has consolidated within a range, creating clearly defined highs and lows. Until price breaks this structure, consolidation is expected to persist. Above the current levels, resistance remains heavy, with VWAP SR, the 0.618 Fibonacci retracement, and the value area high all aligning. Price remains suppressed below these resistances, reinforcing the likelihood of continued range-bound action. Volume remains steadily below average, another critical factor suggesting prolonged consolidation. Without a significant influx of volume, price is unlikely to escape the current range. Presently, Sonic is hovering around the midpoint of the range. Losing this midpoint would significantly increase the chances of a cascading move downward, targeting untapped liquidity pools and lower support levels. You might also like: Bitcoin faces crucial resistance as bearish shark harmonic looms The bearish scenario centers around this potential cascade: a break below the midpoint could trigger sharp downside moves as liquidity is swept. Conversely, the bullish case would require a strong reclaim of the VWAP SR resistance, confirmed by multiple closing candles. This would likely spark a move back toward the range highs, where sellers could re-enter. What to expect in the coming price action As it stands, Sonic is likely to remain trapped within its 48-day range unless major volume enters the market. A strong reclaim of the VWAP SR would strengthen the bullish case, setting up a push toward the range highs. However, a failure to hold the midpoint will likely trigger a liquidity hunt and deeper downside targets. Until a decisive breakout occurs, expect more rotational price action within the established boundaries. Read more: HBAR price rises as Hedera makes a key RWA partnership
