Sonic shows bullish breakout potential if key resistance is surpassed, supported by volume and MACD signals.

Sonic's price is forming a bullish cup and handle pattern, suggesting a potential breakout to $0.049 or $0.0586 if it surpasses the neckline resistance. Key indicators like the MACD are close to confirming a bullish trend with a possible golden cross, but the Money Flow Index signals caution due to recent capital outflows. Market volume favors long positions, indicating buying interest that could help push the price higher. The rally depends on strengthening momentum from these technical signals to confirm sustained upward movement.

Sonic (S) is trading at Rp725 on Pluang as of Oct 05, 2026 11:11 WIB, down 1.34% over the past day. Despite the recent price dip, the market shows a moderate sell bias with 57% of orders leaning that way and a typical hold time of 34 days, indicating cautious investor sentiment. The 24-hour trading volume of Rp280.2M suggests active participation but not a strong surge, contrasting with the bullish technical patterns noted in the article.