<ul data-eligibleForWebStory="true"><li>Sonic ($S) is struggling to break out of a descending channel, with resistance preventing upward movement.</li><li>Long positions for $S are considered risky until a confirmed breakout above the resistance level at around $0.32.</li><li>Sonic has collaborated with Kaito to reward top X users with an exclusive S token airdrop for promoting discussions about the token.</li><li>Traders are advised to wait for a confirmed breakout with strong volume before considering any significant positions in Sonic's token.</li></ul>

Sonic ($S) Battles Key Resistance, Bulls Eye Breakout Amid Downtrend Caution

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