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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OnchainGossiper

· 01-15 09:42

It's the same trick again, did it break at $12.31 or not? I just want to know if they'll deceive us again this time.

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SilentObserver

· 01-15 04:02

Another false alarm, $SOUN still can't move up --- If it can't break 12.31, just lie flat and wait for the next opportunity --- Volume is the real boss; without volume, all confluence is useless --- If this wave is a fakeout again, I will directly give up --- Let's see how next week goes; it's too early to say anything now --- After such a long consolidation, it will eventually break out—just depends on whether it moves up or crashes directly

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BankruptWorker

· 01-14 11:34

It's the same old trick, it pauses at key levels... Looking at $SOUN like this, nine out of ten times it's a false breakout. --- Can the position at 12.31 really hold? I have my doubts... --- Wedge has fooled me too many times; volume doesn't cooperate, so everything is pointless. --- $SOUN has been dead boring these days. Maybe I should look for other opportunities. --- Breaking down and holding again, I'm really tired of this volatile market.

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LonelyAnchorman

· 01-12 17:59

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

· 01-12 17:59

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

· 01-12 17:54

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

· 01-12 17:38

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

· 01-12 17:38

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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