$S , let's analyse it
MARKET UPDATE
Sonic (S) continues to face heavy selling pressure, now trading below its all-time low, signaling strong bearish momentum.
🔻 Current Trend
Price has broken below ATL, confirming market weakness.
EMA structure (7 / 25 / 99) remains fully bearish.
MACD stays negative, showing no immediate reversal signs.
💥 Market Flow
High volume during declines and consistent net outflows indicate ongoing distribution.
Sellers remain in control despite brief short liquidations.
🟢 Positive Factors (Long Term)
Over 16M S tokens burned, reducing supply.
Network addresses grew 8% in 24h, suggesting improving adoption.
⚠️ Outlook Short-term trend remains bearish, while supply reduction and network growth may support a longer-term recovery if buying interest returns.
