Sonic surged double-digit percentages in the past 24 hours but faces a crucial test based on its cup and handle technical pattern. The MACD indicator shows potential for a golden cross with readings of 0.00304 versus 0.00301 for the signal line, while the Money Flow Index stands at 57.4, indicating recent capital outflows despite remaining in positive territory. The Long/Short Ratio shows a bullish balance with 53% long volume versus 47% short volume across the top three trading platforms. A breakout above the neckline could push the price toward $0.049, a 15% increase, or toward $0.0586 for a 35% rally.
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