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Does Sonic (S) go to more losses after a 11 % decrease?

  • Sonic (S) price decreased to $ 0.4985, which represents a 11.14 % decrease.
  • The maximum market and trading volume decreased to $ 1.43 billion and 140.8 million dollars, respectively.

Sonic (S), previously known as Fantom (FTM), has witnessed a noticeable decrease in price activity and activity in the market. The symbol is currently Trading at $ 0.4985, on the occasion of a 11.14 % decrease over the past 24 hours.

The market value decreased to $ 1.43 billion, reflecting the decrease in the same percentage. The trading volume has decreased 24 hours by 7.34 % to 140.8 million dollars, and the fully diluted evaluation (FDV) is now $ 1.58 billion. Sonic 2.88 billion seconds, and the total offer is 3.17 billion h.

Will Sonic (s) drown?

S is currently testing the support at $ 0.45. The rest to this level may lead to price prices to the next subsidies at $ 0.38. on upside downThe resistance is formed near $ 0.60. If S can recover and disappear this resistance, the next main level to watch is $ 0.75.

RSI is 41.77, with a decrease in 31.06, indicating twice the momentum in the purchase. It remains less than the level of 50 neutral, which indicates that the Haboodi feelings are still playing. If the RSI decreases less than 30, S may enter the excessive sales area, which increases the chances of bounce.

CMF at -0.21, confirming the flow of negative money, which means that the sale pressure dominates. If CMF continues down, this may indicate more prices. The reflection is higher than 0.00 that indicates increased liquidity and renewed investor confidence.

The MA, which currently exceeds 50 points, exceeds 14 periods, and it is a declining intersection, which usually indicates a declining pressure. The price remains less than 200 points, which confirms the continuous declining direction. To get the reflection of the trend, you will need to restore levels over a master’s degree in the period of 50, with the support of the height of the relative strength and size index.

If Sonic (S) maintains its current path, the decrease of less than $ 0.45 may speed up the sale of sale, targeting $ 0.38 as the next support. However, if buyers enter, pay RSI above 50, and a positive CMF, S $ 0.55 and possibly re -test $ 0.60. The collapse above this level may open the door to $ 0.75.

Sonic (S) faces constant pressure, as the main indicators indicate more negative risks. RSI and CMF show a weak momentum while moving averages indicate a declining direction. If the support is supported at $ 0.45, a relief raid may occur, but without strong purchase pressure, S may continue to drop about $ 0.38.

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