SOUN Structure Improving — Can Buyers Clear $10 Resistance?

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SOUN Structure Improving — Can Buyers Clear $10 Resistance?SoundHound AI, Inc Class ABATS:SOUNQuietTraderFlowSOUN continues to improve after breaking above its downtrend structure and reclaiming the MA50. Following several months of consolidation, price has started building a stronger base while maintaining higher lows above the recent breakout area. One encouraging sign is the successful reclaim of the MA50, which has started acting as support after a prolonged period of weakness. The recent breakout remains intact, helping strengthen the bullish case. The next major level to watch is the resistance zone near $10. This area has repeatedly capped advances in recent months and now represents an important decision point for the stock. If buyers can clear and hold above $10, the next upside objective comes into view near the MA200 around $11.3. On the downside, maintaining support above the MA50 remains important. Losing that level would weaken the current structure and increase the risk of another period of consolidation. Do you see SOUN building enough momentum to reclaim the MA200, or does resistance still need more time to be absorbed? Feel free to share your thoughts below.