6/30/25

Feature Story

Technical Analysis

What we are looking at in the above chart is a bullish pennant over the course of about two months. On Tuesday, the 24th, SOUN broke out of this pennant but not with a lot of enthusiasm. The following chart shows more of the story of the technical history of SOUN. As you can see it had a massive pump this past December but then lost its momentum and came back down. There is good and bad to this. A massive pump is nice short term and depending how the market reacts, it can be beneficial for the future as well even if the price retreats a good chunk.

What do I mean? All time highs for a stock are difficult areas. People are FOMOing in because they think the stock is taking off but people are also profit taking because there is no idea how high this could go or when it could come crashing down. That seems to be what happened here. Luckily SOUN did not come all the way back to the beginning of the breakout at around $4.50 but found a nice support around $6 and then the $8 - $10 range.

To better understand what I’m saying, take a look at the chart again above. What you’re seeing now is a close mimic of what happened in Feb/Mar of 2024. There we see an approximately 450% breakout and it came back creating a new support level. Then SOUN breaks out again with another 400%, retreating back creating another support level. This is good long term.

Back to current analysis. What I did, that you can see in the first chart, is create new resistance lines. The first one is at $10.50. I did this because the stock has touched this line multiple times throughout the year and has gone past, and been rejected here and based on the price while writing this article, we are about to test it again. If SOUN manages to pass that, and create a support level at the $10.50, the next resistance would be $11.60 This is another level that SOUN has touched and been rejected at a lot.

A Final Note

Where do we go from here?

What we really want to see is SOUN test the $12.70 resistance and shoot the gap up to the $14 - $15 range. It is my guess that this will be the next level that SOUN will begin to create new support levels as it climbs its way back to the all time high of $24.98. Pay attention to partnerships being announced. Don’t believe in fake news such as buyouts unless the information comes from the company itself. There is a lot of hype around SOUN, but not all of it is true. That’s why we trust the technicals.