Sonic Faces Short-Term CorrectionSUSDT SPOTBYBIT:SUSDTThe_Alchemist_Trader_Sonic (S) is showing signs of short-term weakness after rejecting from the 0.618 Fibonacci retracement, a key technical resistance that has successfully capped the recent recovery. The rejection has also formed the early stages of a Swing Failure Pattern (SFP), suggesting that buying momentum may be fading and sellers are beginning to regain control. Adding to the bearish outlook, price has now lost its daily support, increasing the probability of a corrective move toward the next major support region around 0.002. This level is particularly significant as it aligns with another 0.618 Fibonacci retracement, creating a strong area of technical confluence where buyers may look to step back into the market. From a technical perspective, the recent rejection suggests that Sonic is likely to remain under pressure in the immediate short term. A move into the lower support would represent a healthy correction within the broader structure and could provide the foundation for the next bullish rotation if buyers defend the level. For now, momentum favors the downside while price remains below the rejected Fibonacci resistance. Traders should closely monitor the reaction around the 0.002 support zone, as a successful defense could establish a higher low and reignite bullish momentum. Until then, the path of least resistance remains to the downside.