Sonic (S) is currently trading at $0.111999, reflecting a slight decrease of 1.09% over the past 24 hours. The asset has experienced a daily range of $0.005514, with a high of $0.113228 and a low of $0.107714, indicating a relatively stable price movement within this short timeframe.

Volume for Sonic stands at approximately 45.7 million, which represents 10.78% of its market cap, suggesting healthy trading activity. The hourly moving averages show a mixed sentiment, with the 8 SMA at $0.1090 indicating a bullish trend (+2.75%), while the 144 SMA at $0.1078 indicates potential bearish pressure (+3.85%).

The Relative Strength Index (RSI) is at 54 for the last hour, signaling a neutral market condition, while the 7-day RSI at 48 suggests that the asset is nearing oversold territory. Over the past week, Sonic has seen a price decline of 6.36%, and the 14-day and 30-day changes of -22.48% and -33.89% indicate a strong bearish trend in the mid-term.

Sonic's all-time high remains significantly distant at $1.029, reached on January 4, 2025, which highlights a substantial gap for recovery. With current price action showing resilience around the $0.11 mark and hourly indicators leaning slightly bullish, there is potential for a short-term recovery if market sentiment shifts positively.

Based on the technical indicators and the current market dynamics, I assign a Hold rating to Sonic (S). The mixed signals suggest waiting for clearer upward momentum before making a buying decision, especially given the historical declines over the last month.