Sonic price confirms deviation: 55% range play in motion as price targets $0.60

Sonic token has confirmed a deviation at a major range low with a strong impulsive recovery candle. Price is now back above the $0.38 daily support level, opening the door for a 55.6% move within the current high-timeframe trading range. After trading below key support and grabbing liquidity, Sonic ( Sonic ) has shown clear strength by closing decisively above $0.38. This move meets the conditions of a classic deviation setup, which occurs when price briefly moves below a range low, taking out stop losses, before reclaiming the level with conviction. Such setups often lead to powerful mean reversions or range expansions, especially when combined with rising volume and sustained volatility. Key technical points Confirmed Deviation at $0.38 Support: Price dipped below and reclaimed the level with an impulsive bullish candle, confirming a liquidity grab. 55.6% Upside Within Trading Range: Current range from $0.38 to $0.60 presents a high-probability play if range rotation continues. Next Resistance Zones: Value area low and bearish order block act as short-term barriers before the $0.60 daily resistance. SUSDT (6H) Chart, Source: TradingView This deviation has cleared out liquidity below the range, likely removing sell-side pressure and positioning Sonic for a clean run through the range. With stop losses taken and volume rising, the structure now favors a continued rotation toward the upper boundaries of the range. The next resistance levels to watch include the value area low, which marks the initial barrier within the range, followed by the bearish order block, a zone of previous supply. Once price enters this region, a reaction may occur, but if momentum continues and volume sustains, a clean expansion to the point of control and eventually the $0.60 daily resistance becomes probable. You might also like: Here’s why this MSTR stock ETF has crashed 82% in 2025 Although price remains rotational, the confirmed deviation and reclaim of support suggest that the lower bound of the range has been defended effectively. From a market structure standpoint, Sonic is now trading at what many would consider max value, the range low. In this scenario, price often rotates back toward fair value and beyond, particularly in the presence of bullish volume and confirmed liquidation of prior lows. What to expect in the coming price action As long as Sonic holds above the $0.38 support and volatility continues with volume confirmation, the odds favor a move toward $0.60 resistance. The deviation structure adds weight to the bullish scenario, setting up a potential 55.6% range rotation play. Read more: Nervos Network suffers major exploit as $3.9M in crypto is stolen from Force Bridge