Is Sonic (SONIC) Poised for a Breakout from a Bullish Broadening Wedge?
- Sonic (SONIC) forms a bullish broadening wedge near $0.40, with $0.50 as the projected breakout target. - Technical indicators like the 20-day SMA and Parabolic SAR confirm bullish bias, supported by a $150M token issuance. - Volume above $90M signals strong participation, but a surge at $0.40 is critical to validate the pattern. - Risks include $0.31 support failure or weak volume, which could invalidate the breakout or trigger a false signal.
ainvest•2025-08-29 04:24