{"id":14903,"date":"2025-10-31T16:10:00","date_gmt":"2025-10-31T16:10:00","guid":{"rendered":"https:\/\/bitunikey.com\/news\/sonic-token-price-struggles-at-0-17-as-selling-pressure-mounts-new-yearly-low-possible\/"},"modified":"2025-10-31T16:10:12","modified_gmt":"2025-10-31T16:10:12","slug":"sonic-token-price-struggles-at-0-17-as-selling-pressure-mounts-new-yearly-low-possible","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/sonic-token-price-struggles-at-0-17-as-selling-pressure-mounts-new-yearly-low-possible\/","title":{"rendered":"Sonic token price struggles at $0.17 as selling pressure mounts, new yearly low possible"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Sonic token price shows weakness after rejection from $0.17 resistance. Price trades near the value area low, with risks of a deeper correction toward untapped yearly lows.<\/p>\n<div id=\"cn-block-summary-block_337ff21935039f234c96f44f93ba1e0f\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Sonic token rejected at $0.17 resistance, confirming continued weakness.<\/li>\n<li>Value area low under threat, signaling potential breakdown.<\/li>\n<li>Failure to hold could lead to a new yearly low formation.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Sonic (S) token price continues to exhibit sustained weakness as price action struggles to maintain structure above key levels. The latest rejection around\u00a0$0.17\u00a0has triggered renewed downside momentum, pushing price back toward the\u00a0value area low, a critical support zone now under heavy pressure.<\/p>\n<p>With bearish momentum strengthening and daily structure showing no signs of reversal, the probability of a deeper corrective move\u00a0continues to rise as sellers maintain control of the market.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Sonic token key technical points:<\/strong><\/h2>\n<ul class=\"wp-block-list\">\n<li><strong>Rejection at Resistance:<\/strong>\u00a0Price faced a strong rejection at $0.17, marking renewed selling pressure.<\/li>\n<li><strong>Value Area Low Under Pressure:<\/strong>\u00a0The current support zone is weakening and may not hold if volume remains bearish.<\/li>\n<li><strong>Downtrend Intact:<\/strong>\u00a0Sonic token remains in a broader bearish market structure, with risk of new yearly lows.<\/li>\n<\/ul>\n<p>    <!-- .cn-block-related-link --><\/p>\n<figure class=\"wp-block-image size-full\"><figcaption class=\"wp-element-caption\">PIUSDT (1D) Chart, Source: <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/tradingview.com\" target=\"_blank\" rel=\"nofollow\">TradingView<\/a><\/figcaption><\/figure>\n<p>From a technical perspective, Sonic token\u2019s recent price action reinforces its bearish bias. The\u00a0rejection from $0.17confirms that buyers failed to reclaim resistance, allowing the market to continue trending lower. As a result, price has expanded downward toward the\u00a0value area low, which now serves as the last line of short-term defense.<\/p>\n<p>The value area low is \u201cbarely holding,\u201d suggesting exhaustion among buyers. A decisive breakdown below this region would confirm a\u00a0continuation of the bearish expansion, likely targeting the\u00a0untapped yearly low\u00a0that remains untested. This could establish a new low for the year if the downward momentum persists.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>Additionally, the lack of strong volume inflows or bullish reactions at current levels indicates weak demand. Until a meaningful structural reversal occurs, such as a breakout above\u00a0$0.17, Sonic token remains under strong bearish influence.<\/p>\n<p>The broader market structure remains decisively bearish. Price has continued to print\u00a0lower highs and lower lows, a classic hallmark of sustained downtrend behavior. The inability to reclaim higher resistance levels, such as the\u00a0$0.17 region, signals a lack of strength and confirms that sellers are still dictating direction.<\/p>\n<h2 class=\"wp-block-heading\"><strong>What to expect in the coming price action<\/strong><\/h2>\n<p>If the\u00a0value area low\u00a0fails to hold, Sonic token could extend its correction to test the\u00a0untapped yearly low, where a temporary bounce or accumulation phase might occur. <\/p>\n<p>Conversely, if price stabilizes above this support and volume begins to recover, a short-term consolidation range between\u00a0$0.17 resistance\u00a0and the current support\u00a0could develop before any meaningful trend shift.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Sonic token price shows weakness after rejection from $0.17 resistance. Price trades near the value area low, with risks of a deeper correction toward untapped yearly lows. Summary Sonic token&hellip;<\/p>\n","protected":false},"author":1,"featured_media":6174,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14903","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14903","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=14903"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14903\/revisions"}],"predecessor-version":[{"id":14904,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/14903\/revisions\/14904"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/6174"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=14903"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=14903"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=14903"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}