Sonic (S) is currently priced at $0.110922, reflecting a modest 24-hour change of 0.53424%. The daily trading range has been stable, with a high of $0.112779 and a low of $0.108786, indicating limited volatility within this period.

Trading volume stands at approximately 46 million, equating to 10.98% of the market cap, suggesting healthy liquidity. The short-term moving averages reflect mixed signals; while the 8 SMA and 21 SMA are slightly positive, the 55 SMA indicates a downtrend, hinting at potential resistance around $0.1116.

The 1-hour RSI is currently at 46, suggesting the asset is approaching the oversold territory, which could indicate a short-term bounce potential. However, the 7-day RSI at 52 shows that momentum is neutral, while longer-term indicators like the 14-day and 30-day price changes, at -17.70% and -27.91% respectively, reflect significant downward pressure over the past weeks.

The all-time high of $1.029 set in January 2025 provides a substantial potential upside; however, current price levels indicate that Sonic is significantly undervalued relative to historical performance. This disparity suggests that while there is potential for recovery, the current trend must be closely monitored for a sustained reversal.

Given the mixed signals from the moving averages and RSI indicators, coupled with the recent downtrend over the past 30 days, a cautious approach is warranted. Therefore, the recommendation is to Hold Sonic (S) for now, awaiting clearer bullish signals or a more significant upward momentum before considering a Buy.