Sonic (S) is currently priced at $0.091371, reflecting a 3.02% increase over the past 24 hours. The price has fluctuated between a low of $0.088344 and a high of $0.091896, indicating a tight daily range of 3.55%.

The trading volume over the last 24 hours stands at approximately 31.49 million, corresponding to a volume/market cap ratio of 9.11%, suggesting moderate market activity. Short-term moving averages indicate mixed momentum, with the 8 SMA showing a slight decline, while the 13 and 21 SMAs exhibit positive trends.

The 1-hour Relative Strength Index (RSI) is at 52, suggesting neutrality in the short term, while the 7-day RSI at 49 indicates a potential lack of strong bullish or bearish momentum. Over the past 7 days, the price has decreased by nearly 4.87%, and further declines are noted over 14 and 30 days, at approximately 15.92% and 34.85%, respectively.

Despite recent upward movement, the longer-term trend remains bearish, given the significant price declines over the past month. The all-time high of $1.029, reached in early 2025, serves as a substantial resistance level that the asset currently appears far from reaching.

Considering the current technical indicators and the overall market sentiment, the recommendation is to Hold Sonic (S) at this time. The mixed signals from moving averages, coupled with the bearish longer-term trend, suggest that waiting for clearer bullish indicators before making further investments may be prudent.