$S JUMPS 18% ON INFLATION FREEZE – BREAKOUT OR REJECTION? 🔥
After a 12% drop from leadership exits, $S flipped hard. New CEO Matt Visser axed token inflation plans, sparking an 18% bounce with volume exploding 558% to $60M. That's real buying pressure.
Network activity is also heating up – unique wallets hit an all-time high of 7.2M. But $S is now testing the upper trendline of a macro downtrend channel. Bull Bear Power shows buyers have the edge, but 9.36M $S was sold at this resistance.
Are you backing the breakout or shorting the rejection?
Not financial advice. Always manage your risk.
#S #Sonic #Breakout #Crypto #Bullish
🔥
After a 12% drop from leadership exits, $S flipped hard. New CEO Matt Visser axed token inflation plans, sparking an 18% bounce with volume exploding 558% to $60M. That's real buying pressure.
Network activity is also heating up – unique wallets hit an all-time high of 7.2M. But $S is now testing the upper trendline of a macro downtrend channel. Bull Bear Power shows buyers have the edge, but 9.36M $S was sold at this resistance.
Are you backing the breakout or shorting the rejection?
Not financial advice. Always manage your risk.
#S #Sonic #Breakout #Crypto #Bullish
🔥