Sonic (S) is currently trading at $0.082995, reflecting a 24-hour decline of 5.09%. The price has tested a daily range between $0.081082 and $0.090514, indicating significant volatility in the short term.

Volume is relatively robust at 29,693,814, contributing to a volume-to-market cap ratio of 9.46%. However, the downward pressure is evident as all key moving averages (8 SMA, 13 SMA, 21 SMA, 55 SMA, and 144 SMA) indicate declines, with the 144 SMA showing a notable drop of 10.28% from its previous price.

The 1-hour RSI is extremely low at 20, suggesting that the asset is heavily oversold in the short term. Meanwhile, the 7-day RSI at 40 indicates a bearish momentum, with the price showing a consistent decline of approximately 13.91% over the last week and a steep 37.39% drop over the last 30 days.

Despite the asset’s all-time high of $1.029 reached on January 4, 2025, current price action and technical indicators point to bearish sentiment. Given the recent price performance and prevailing negative trends across multiple time frames, the risk of further declines remains high.

In conclusion, the overall market indicators and technical analysis suggest a bearish outlook for Sonic (S). Therefore, the rating is a Sell, with a clear recommendation to exit positions until the price shows signs of stabilization and bullish reversal.