Broken

Sonic’s rebound lacks volume; bearish structure not yet broken

by
Sonic's rebound lacks volume; bearish structure not yet broken

Sonic has bounced hard from fresh yearly lows, but bearish market structure remains intact. For a true reversal, price must hold above $0.24 and reclaim $0.40 with volume-backed strength. Sonic (SONIC) recently dropped to a new yearly low near $0.24 before staging an impulsive rebound. The move has sparked speculation: is this a major bottom … Read more

‘Chart Is Still Broken’ – Crypto Analyst Predicts Sustained Downtrend for Altcoins Until This Takes Place

by
‘Chart Is Still Broken’ – Crypto Analyst Predicts Sustained Downtrend for Altcoins Until This Takes Place

A seasoned crypto trader is warning that the current bounce in the altcoin market will likely be short-lived. Pseudonymous analyst The Flow Horse tells his 266,500 followers on the social media platform X that he thinks crypto is still bearish and the latest rally will probably lead to another leg down. According to the analyst, … Read more