- Sonic (S) price increased 12 %, trading at $ 0.5150; The bullish indicators indicate a possible gathering forward.
- RSI and MACD show the bullish momentum. A break above $ 0.608 can pay about $ 0.786 or higher.
Price (SONC), in an attempt to return, rose 12 % in a session during the day and broke over the EMA mark for 50 days. Buyers seem active at lower levels. The EMA curve is heading for 20 days and 50 days, along with the bullish direction.
At the end of February, the price of a Sonic was higher of $ 1, but it stopped with the failure of buyers to maintain the purchase momentum. As a result, bers benefit from taking advantage and withdrawing the price below the EMAS key.
according to SonicscanDuring the past week, transactions on Sonic increased. On Saturday, March 8, the number of transactions reached 391,874, and is currently increasing to 645,430. Moreover, society is also very optimistic about S, with 86 % of societal feelings on the upper side.
according to Coinmarketcap Data, at the time of this report, Sonic encryption price hovers at $ 0.5150 with 24 hours increase of 12 %, which indicates climb. The daily trading volume increased by 85 %, indicating the purchase of momentum, and the volume to the market is 17.29 %, indicating good liquidity. Moreover, the maximum S Market is $ 1.47 billion, and 24 -hour trading volume is $ 255.65 million.
Can Sonic (s) rise to $ 1 in March?
Currently, the Sonic price is traded above the EMA level for 50 days. If the price continues, investors may witness a new gathering in the coming days. A lounge higher than $ 0.608 would expose Sonic to more bullish trend, which may rise to $ 0.786 and indicate a transformation to a bullish stage.
The relative strength index is traded in the upper area. Currently, at 58.01 above the 14-SMA curve, indicating the rise. MACD also shows a positive sign in the upper direction with a green graphic drawing. However, to reach a $ 1 sign, the Sonic price will need a buyer support flow.
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