S Price Performance and Relative Strength

Sonic S

Current Price

$0.1026 -1.55%

$0.0037 Daily Range (3.59%)

$0.1020$0.1057

$54.86M Daily Volume

594 BTC

Vol/MktCap: 14.12%

Neutral

HTF: 45 (Support Zone)

Market Performance

-2.94% 0.00000111 BTC

-4.85% 0.00003312 ETH

-1.57% 0.1026 USDT

-2.59% 0.0473 XRP

-4.54% 0.0001 BNB

0.06% Relative BTC Volume

The total volume of Sonic is $54.86M over the past 24 hours, compared to $84.47B total Bitcoin volume.

Hourly Moving Average

8 SMA $0.1041 -1.43%

13 SMA $0.1040 -1.28%

21 SMA $0.1036 -0.89%

55 SMA $0.0979 +4.77%

144 SMA $0.1048 -2.09%

-0.54% 1 Hour Change

$0.1026 from $0.1032

-5.47% 7 Day Change

-$0.0056 from $0.1082

-12.49% 14 Day Change

-$0.0128 from $0.1154

-17.17% 30 Day Change

-$0.0176 from $0.1202

January 4, 2025

$1.03 -90.02%

-$0.9263 vs. now

$388.48M Market Cap

4,207 BTC

24H Change

-5.33M USD -1.35%

-58 BTC

Total Supply: 3.89B S

3.78B S Available

97.41% 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

194.69 x BTC Supply

+44 more

195:1 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

528.22M S traded over past 24 hours

13.96% 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.

Markets and Insights

Web Search

Conversion Tool

Sonic AI Market Analysis

Sonic (S) is currently trading at $0.102758, reflecting a notable 24-hour price change of 8.83%. The daily price range has been relatively tight, with a high of $0.105695 and a low of $0.094317, indicating a potential consolidation phase after recent volatility.

The trading volume stands at approximately 61.32 million, which gives a volume-to-market cap ratio of 15.77%. This suggests a healthy level of trading activity, but it is essential to observe whether this volume can sustain upward momentum in the coming sessions.

Short-term moving averages present mixed signals; the 8 SMA and 13 SMA are trending downward at -1.30% and -1.16%, respectively, while the 55 SMA shows an upward trend at +4.91%. The 144 SMA, however, indicates a decline of -1.97%, suggesting that longer-term momentum remains uncertain, potentially limiting the upside in the near term.

Relative Strength Index (RSI) metrics indicate a neutral to slightly bearish sentiment; the 1-hour RSI is at 49, while the 7-day RSI is at 45. This positioning highlights a lack of strong buying or selling pressure, reflecting market indecision that could lead to further volatility.

Despite the recent uptick in price, Sonic has experienced a 7-day price drop of approximately 6.54% and a 14-day decline of 15.92%. The significant downward trend over the past 30 days, where the asset lost around 20.19%, suggests that any bullish momentum may face resistance from existing bearish sentiment.

With the all-time high at $1.029 reached in January 2025, the current price remains substantially lower, implying significant room for growth if bullish momentum can be established. However, the immediate technical indicators and price action suggest caution, as the asset has yet to demonstrate sustained upward movement.

In conclusion, given the mixed signals from moving averages, the current RSI levels, and overall bearish price trends, a Hold rating is warranted. Investors should closely monitor volume and price action for signs of a trend reversal before making further commitments.

Updated 270 minutes ago.