Sonic (S) is currently priced at $0.0435, reflecting a 4.05% increase over the past 24 hours. The asset has demonstrated a daily trading range of $0.0029, with a 24-hour high of $0.0446 and a low of $0.0417, indicating moderate volatility.

The volume of 18,953,327 represents a healthy trading activity level, with a volume-to-market cap ratio of 11.47%. The short-term moving averages present mixed signals; the 8 SMA and 13 SMA are slightly bearish while the 21 SMA indicates potential support at $0.0432, suggesting a possible short-term reversal.

The Relative Strength Index (RSI) indicates that the asset is neither overbought nor oversold; the 1-hour RSI at 58 suggests upward momentum. However, the 7-day RSI at 44 indicates that there is room for further downside, reflecting a broader bearish sentiment over the past week.

Over the past 7 days, Sonic has declined by approximately 1.77%, and the 14-day change shows a more significant drop of 6.83%. The 30-day price change indicates a substantial loss of 40.35%, which raises concerns about the asset's current market position and investor sentiment.

Despite the recent uptick, the price remains significantly below its all-time high of $1.029 set in January 2025, indicating potential long-term bearish pressure. If the asset fails to maintain above key support levels, further declines may be likely.

Based on the current analysis, the recommendation for Sonic (S) is to Hold. This stance is due to the mixed signals from moving averages, a healthy trading volume, and the need for a confirmation of upward momentum before considering a Buy.