2026-01-12 17:29:18

$SOUN has been quietly consolidating while other assets grabbed headlines. Last week's action proved interesting—Friday delivered that long-awaited wedge breakout, pushing the token up to $12.31 where it hit a key confluence zone (EMA50 intersecting with SMA50). The rally stalled though, and the close ended up lower on the day.

Here's what's worth watching: that $12.31 level represents serious resistance where multiple moving averages converge. If $SOUN can hold above it on the next push, you're looking at potential continuation upside. Fall back below and we're back to range-grinding territory.

The wedge structure itself suggests buyers are testing their resolve. Whether this breakout has real follow-through or just another fakeout will likely come down to volume and how the token behaves at these confluence levels over the coming sessions.

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LonelyAnchorman

· 13h ago

Once again, it's the same "key position" drama. When $SOUN rises to 12.31, it loses momentum—typical fake breakout tactics.

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RugDocScientist

· 13h ago

Soun, this crappy coin is trying to scam us into rushing for 12.31 again. It did the same last time, and the price just dropped right back. So annoying.

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SolidityNewbie

· 13h ago

Once again, the old trick of drawing triangles and watching moving averages... Basically, it's a gamble on whether it can hold above 12.31. --- $SOUN hitting 12.31 this wave is losing momentum; it still feels like a false fire. --- Wait, how many people have been fooled by this wedge breakout... The real test is still ahead. --- Honestly, volume is the key; breakouts without volume are all nonsense. --- If it can't break 12.31, it will just go back to grinding sideways, so annoying.

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rugpull_survivor

· 13h ago

Another false alarm. $SOUN This crappy coin goes up and then drops. I want to see if it can really stabilize at 12.31.

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defi_detective

· 13h ago

It's the old trick of wedge breakdown and recovery again... Let's see if the $12.31 level can hold. --- Is 12.31 really that critical? It feels like every time it's called a key level, but it still gets pushed back. --- $SOUN this chart is too dull, if the volume can't keep up, a breakdown is pointless. --- It's mainly about volume. I don't believe in breakouts without volume. --- Waiting to see if this wave can truly break through, or else it'll just grind within this range again.

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