Crypto Daybook Americas: The Sea of Red May Not Ebb as Fast as Expected
Market Impact of Tariffs: The recent imposition of tariffs by Trump on imports from Canada, Mexico, and China has led to a significant downturn in crypto markets, with analysts suggesting that this decline may not be temporary due to the potential for escalating trade tensions.
Crypto Market Reactions: Major cryptocurrencies like Bitcoin and Ethereum have seen substantial price drops, while some tokens, such as Hyperliquid's HYPE, have managed to maintain or even increase their value amidst the overall market volatility.
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Technical Analysis for SONIC
Technical Sentiment Analysis for Sonic SVM (SONIC) As of , Sonic SVM (SONIC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SONIC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SONIC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sonic SVM (SONIC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0143 | 0.0242 | 0.0343 | 0.0442 | 0.0543 | 0.0642 | 0.0743 |
| Fibonacci | 0.0242 | 0.0318 | 0.0365 | 0.0442 | 0.0518 | 0.0565 | 0.0642 |
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