Sonic (S) Consolidates in Bullish Wedge: Key Breakout Potential

Sonic (S) is currently consolidating within a bullish wedge pattern, with price indicators suggesting the potential for a rally. Binance analysts highlight this pattern as an opportunity for a breakout if key resistance levels are reclaimed at $0.40 and $0.65. 16% price surge was observed despite consolidation, highlighting the importance of reclaiming the 20 and 50 EMA for sustained upward movement.