The post Sonic price eyes reversal as bullish RSI divergence forms. appeared on BitcoinEthereumNews.com.

Sonic price forms bullish RSI divergence near the value area low. Holding $0.03 support could trigger a corrective rally toward $0.04 resistance. Summary Bullish Signal: RSI divergence forming near the value area low. Key Support: Price must hold $0.03 and the 0.618 Fibonacci level. Upside Target: Potential rally toward $0.04 high-timeframe resistance. Sonic (S) is currently trading at a critical technical level where early signs of a potential trend reversal are beginning to emerge. After an extended period of downside pressure, the token is now showing bullish RSI divergence around the value area low, a level that has historically attracted buying interest. This divergence suggests that while price has been printing lower lows, the Relative Strength Index (RSI) has started to form higher lows. In technical analysis, this type of momentum shift often signals that bearish pressure may be weakening and that the market could be preparing for a potential corrective rally. Sonic price key technical points Bullish Divergence: RSI forming higher lows while price prints lower lows. Key Support: Sonic holding critical support near $0.03. Upside Target: Holding support could open a move toward $0.04 resistance. SUSDT (4H) Chart, Source: TradingView Sonic’s recent price action highlights a potential shift in momentum as the market attempts to stabilize after a prolonged decline. The most notable signal on the chart is the presence of a bullish RSI divergence, which has developed near the value area low. This technical formation occurs when price continues to move lower while momentum indicators begin trending higher, suggesting that selling pressure may be gradually fading. Bullish divergences are commonly observed during the late stages of a downtrend. As the market approaches key support levels, sellers begin to lose momentum while buyers start stepping in at discounted prices. This gradual shift in control between sellers and buyers can often lead to a reversal or, at the very least, a corrective bounce. In Sonic’s case, the $0.03…

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Filed under: News - @ March 10, 2026 8:27 pm