Sonic is looking to exceed the $0.36 resistance, having surged 19.4% in the last 24 hours. However, traders need to exercise caution as the market may not support a breakout, indicated by various market signals.
The price has oscillated between $0.3 and $0.418, suggesting volatility. Liquidation levels indicate that while reaching $0.36 may attract more buying, premature trading actions could result in losses.
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