The post Sonic breaks market structure, eyes new target after retest appeared on BitcoinEthereumNews.com.

Sonic has confirmed a bullish break in market structure above the point of control (POC), signaling the end of its downtrend. With a successful retest in play, the $0.52 target is now firmly in sight. Sonic Token (SONIC) has officially broken out of its prolonged downtrend after reclaiming a major support zone — the POC. This development follows an aggressive move off the yearly low, which was established around $0.26. That level coincided with the value area low and acted as the base for accumulation. After months of bearish price action, the market has shifted. The first structural sign of strength arrived with an impulsive breakout above the $0.40 resistance. Now, with the price retesting the POC as support, bullish momentum appears to be accelerating, and the next high-time frame target at $0.52 is in focus. Key technical points: Break of Market Structure: Price has invalidated months of bearish trend by breaking above the $0.40 level Bullish Retest of POC: A successful retest of the Point of Control is signaling continued strength $0.52 Resistance in Sight: Price is targeting the next high time frame resistance at $0.52 if current momentum holds SUSDT (4H) Chart, Source: TradingView The bullish reversal for Sonic began at the yearly low near $0.26, a zone of historical significance that aligns with the value area low on the volume profile. Since then, price has been trending upward aggressively, forming higher highs and higher lows on both lower and higher time frames. The decisive break above $0.40 confirmed the first major sign of a market structure shift. This level had previously served as a hard ceiling for price action. The breakout, followed by a clean bullish retest, indicates that buyers are regaining control. The POC, a zone with the highest volume traded within the recent range, is…

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Filed under: News - @ July 22, 2025 2:29 am