The chart illustrates a recurring pattern of bullish triangle breakouts followed by explosive 399% price rallies, strongly supported by rising volume and breakout confirmations. Each breakout has occurred after extended consolidation phases forming ascending triangle patterns, a sign of institutional accumulation and bullish continuation.
Key points:
Breakout Zones have led to parabolic price action three times, each move gaining roughly 400%.
Current setup mirrors past behavior: breakout from a descending channel with reclaim of $9.50, the prior ATH and key support, indicating a bullish structural shift.
If the fractal repeats, a 399% move from the current $9.50 zone targets $47.37, aligning with the marked BullFlag target.
The presence of volume surges on breakouts confirms strong market participation, validating each rally.
Risks include failure to hold above the $9.50 breakout zone, or macroeconomic weakness affecting speculative tech.
However, from a pattern-recognition and momentum standpoint, SOUN offers asymmetric upside potential if the structure continues to play out.
Based on historical symmetry and breakout behavior, SoundHound AI appears poised for a continuation of its explosive uptrend, with technical indicators pointing toward a potential quadrupling in price if prior fractal patterns persist.
Key points:
Breakout Zones have led to parabolic price action three times, each move gaining roughly 400%.
Current setup mirrors past behavior: breakout from a descending channel with reclaim of $9.50, the prior ATH and key support, indicating a bullish structural shift.
If the fractal repeats, a 399% move from the current $9.50 zone targets $47.37, aligning with the marked BullFlag target.
The presence of volume surges on breakouts confirms strong market participation, validating each rally.
Risks include failure to hold above the $9.50 breakout zone, or macroeconomic weakness affecting speculative tech.
However, from a pattern-recognition and momentum standpoint, SOUN offers asymmetric upside potential if the structure continues to play out.
Based on historical symmetry and breakout behavior, SoundHound AI appears poised for a continuation of its explosive uptrend, with technical indicators pointing toward a potential quadrupling in price if prior fractal patterns persist.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.