Sonic (S) Retreat Puts $0.05 Support in Focus Before Airdrop Deadline

Sonic (S) traded near $0.05472 on Oct. 13 after reaching $0.07379 earlier in the session, placing the token about 26% below its high and renewing attention on the $0.05 support area. S was down 3.05% from its previous daily close. The token remained above its main price averages, but the latest two daily candles retreated from their highs as trading activity increased. The accumulation/distribution line also declined sharply after improving during the recovery. The volume-based indicator added pressure to a rebound that has struggled to hold higher prices. The nearest downside range is $0.0523 to $0.0500.

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