The price of Sonic (formerly FTM) has risen 1.8% in the last 24 hours, with trading volume increasing by 500% to $114 million. Technical indicators, such as the ADX and EMA lines, suggest a strengthening uptrend and the possibility of testing key resistance levels. However, bearish signals from the BBTrend indicator suggest caution and the potential for a reversal. The ADX is currently at 35.6, indicating a strong trend, and a golden cross formation further confirms the bullish outlook. The BBTrend is at -6.8, indicating growing bearish dominance and a weakening trend. The EMA lines show signs of a potential new golden cross, which could signal the continuation of the uptrend. If the positive momentum persists, Sonic could see further price gains, but a stalling ADX or further decline in the BBTrend could indicate fading momentum and a potential pullback. A breakout above $0.87 could lead to further upside potential, while a break below $0.74 could signal a shift into a bearish phase with potential downside to $0.61. Traders should exercise caution given the mixed signals from the ADX and BBTrend.



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