$SOUN — Mind Investor: Elliott Wave target $30.84 (+352%)

Mind Investor posts a weekly Elliott Wave analysis on $SOUN (SoundHound AI, NASDAQ). Current price at $8.35.

Key Levels

• Current price: $8.35
• Support: $7.45 (0.618 Fib), $6.75 (0.786 Fib), $6.03 (major support)
• Previous peaks: $22.33 (1.236), $24.82 (1.382)
• Primary target: $30.84 (+352%)
• Long-term target: $46.32 (1.618 Fib)

Analysis

The analyst has labeled a W-X-Y corrective structure completed in early 2026, followed by a new five-wave bullish impulse projected. Wave 1 recently completed or nearing completion, Wave 2 pullback in progress. The primary target of $30.84 is projected for late 2027 to early 2028. MACD showing a recent bullish cross supporting the thesis.

Relevance

Directly relevant as a potential swing/long position. SoundHound AI has real voice AI technology and has survived the SPAC shakeout. At $8.35 after a significant correction from highs, the risk/reward could be asymmetric if the company executes.