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$SONIC Price Analysis: Support Levels in Focus

$SONIC is currently trading at $0.29397 and showing signs of weakness. 

SONIC SVM Chart (Source Coingecko)

The price is moving below the EMA50, which indicates that sellers are in control and downward pressure is increasing.

If this trend continues, the next support level at $0.28000 could be tested soon. 

A break below this level might lead $SONIC to fall further and test the next major support at $0.25000.

Traders should keep an eye on these key levels and watch for any signs of a bounce or breakdown in the coming sessions.

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