Sonic (S) is currently priced at $0.072599, reflecting a slight decline of 1.03% over the past 24 hours. The daily trading range is narrow, with a high of $0.073839 and a low of $0.071643, indicating low volatility and market activity.

Volume has been recorded at 19,322,395, representing 7.03% of the market cap, which suggests moderate trading interest. The short-term moving averages show a bearish trend, with the 8 SMA at $0.0727, indicating a decline of 0.08%, and the longer-term averages confirming this downward momentum.

The 1-hour RSI sits at 42, reflecting a neutral position, while the 7-day RSI at 47 suggests a slight bearish sentiment but not yet oversold. Price changes over the past week, 14 days, and 30 days have shown declines of 8.27%, 20.43%, and 35.29% respectively, emphasizing a consistent downward trend in the medium term.

The all-time high for Sonic was $1.029, achieved on January 4, 2025, indicating significant long-term potential; however, current performance is far below that level. The substantial drop from its peak highlights the importance of market conditions and investor sentiment, which currently appear negative.

Given the recent price action, bearish moving averages, and overall trend, the recommendation for Sonic (S) is to Hold. While there is potential for recovery, current indicators do not suggest an immediate upside, and further confirmation of a reversal is needed before considering a Buy.