2026-01-18 09:21:07

Sonic(S)/USDT Technical Analysis

S coin is currently in a clear bearish trend. The price has broken below multiple key moving averages, and downward momentum continues to be released.

From the RSI indicator, although it is still hovering around the 50 midline, the slope is continuously downward—indicating that while there is no extreme oversold condition for now, market momentum is waning. This kind of signal often suggests a lack of obvious rebound support.

Traders should note: as long as the price remains below these moving averages, the rebound space is limited. Watch to see if it can stabilize at low levels; otherwise, the risk of further decline remains.

Key points summary:
• Facing resistance from moving averages, lacking strong support
• RSI is not deeply oversold, but the downward trend is clear
• Short-term caution is advised; observe for signs of a bottoming out

S3,94%

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FlashLoanPrince

· 6h ago

This crappy coin is starting to bottom out again, really unbelievable. RSI is still dragging on, feels endless. Let's wait and see if it can stabilize, or else I'll keep losing. This cycle is too hard to endure, my hands are itching.

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DegenWhisperer

· 6h ago

This wave is indeed a bit cold, with all moving averages suppressing it. However, the RSI hasn't bottomed out yet. Let's wait and see if it rebounds.

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NFT_Therapy

· 6h ago

S has fallen below the moving average again. I really can't hold on anymore.

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SatoshiSherpa

· 6h ago

This round is really tough, all moving averages have collapsed and are still trending downward.

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OnChainArchaeologist

· 6h ago

It's the same old story again. Instead of being oversold, RSI is even more hopeless. Now that's truly beyond help.

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AirdropHunterWang

· 7h ago

This round really hurts, the RSI hasn't bottomed out yet and there's no more momentum. Let's wait for the bottom to appear; it's no fun to be caught in the ups and downs. It's another wait for the decline to stop, so boring. Feels like it still needs to fall, with support as thin as air. Breaking through so many moving averages, what’s the point of a rebound?

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LightningHarvester

· 7h ago

This wave is about to hit the bottom again. The moving averages are all broken, so what are we waiting for?

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