Sonic S
Current Price
$0.0489 +0.91%
$0.0019 Daily Range (3.99%)
$0.0474$0.0493
$17.13M Daily Volume
249 BTC
Vol/MktCap: 9.26%
Market Performance
0.05% Relative BTC Volume
The total volume of Sonic is $17.13M over the past 24 hours, compared to $36.68B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0484 +0.85%
13 SMA $0.0483 +1.05%
21 SMA $0.0482 +1.38%
55 SMA $0.0489 -0.20%
144 SMA $0.0462 +5.75%
Price Performance
-0.35% 1 Hour Change
$0.0489 from $0.0490
+18.71% 7 Day Change
$0.0091 from $0.0397
-7.09% 14 Day Change
-$0.0035 from $0.0523
-39.67% 30 Day Change
-$0.0194 from $0.0682
All Time High
January 4, 2025
$1.03 -95.24%
-$0.9800 vs. now
24H Change
1.89M USD +1.03%
28 BTC
Volume and Supply
Total Supply: 3.89B S 
3.78B S Available97.41% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
194.37 x BTC Supply194:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
354.30M S
traded over past 24 hours
9.36% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Sonic AI Market Analysis
Sonic (S) is currently priced at $0.04905343, showing a slight increase of 0.45762% over the past 24 hours. The daily trading range has been relatively stable, with a high of $0.04904751 and a low of $0.04736301, indicating low volatility within this timeframe.
The volume of 21,188,278 suggests a healthy trading activity, with a volume-to-market cap ratio of 11.43%. This level of trading volume supports the price stability observed in the current market conditions, providing a base for potential upward momentum.
Technical indicators show mixed signals; the 8 and 13-period simple moving averages (SMA) indicate positive momentum at +2.36% and +2.40% respectively, while the 55 SMA shows a slight decline of -0.31%. The 1-hour Relative Strength Index (RSI) is at 56, indicating that the asset is neither overbought nor oversold, while the 7-day RSI of 57 suggests a slight bullish sentiment in the medium term.
Fundamentally, the price has seen a significant 19.86% increase over the past week, contrasting with a 4.89% decline over the last 14 days, and a more considerable drop of 39.47% over the last 30 days. This mixed performance indicates potential volatility but also shows signs of recovery in the short term.
Considering Sonic's current price relative to its all-time high of $1.029, there is substantial room for growth. While the recent upward trend over the past week is encouraging, the longer-term decline suggests caution.
In conclusion, the current market dynamics present a scenario for potential upside, especially with the short-term bullish indicators. Therefore, a Buy rating is warranted, as the asset is positioned for possible gains while remaining mindful of the longer-term downtrend.
The volume of 21,188,278 suggests a healthy trading activity, with a volume-to-market cap ratio of 11.43%. This level of trading volume supports the price stability observed in the current market conditions, providing a base for potential upward momentum.
Technical indicators show mixed signals; the 8 and 13-period simple moving averages (SMA) indicate positive momentum at +2.36% and +2.40% respectively, while the 55 SMA shows a slight decline of -0.31%. The 1-hour Relative Strength Index (RSI) is at 56, indicating that the asset is neither overbought nor oversold, while the 7-day RSI of 57 suggests a slight bullish sentiment in the medium term.
Fundamentally, the price has seen a significant 19.86% increase over the past week, contrasting with a 4.89% decline over the last 14 days, and a more considerable drop of 39.47% over the last 30 days. This mixed performance indicates potential volatility but also shows signs of recovery in the short term.
Considering Sonic's current price relative to its all-time high of $1.029, there is substantial room for growth. While the recent upward trend over the past week is encouraging, the longer-term decline suggests caution.
In conclusion, the current market dynamics present a scenario for potential upside, especially with the short-term bullish indicators. Therefore, a Buy rating is warranted, as the asset is positioned for possible gains while remaining mindful of the longer-term downtrend.
Updated 660 minutes ago.
Sonic Relative Price at Market Cap of:
Sonic TradingView Chart
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