Sonic S
Current Price
$0.0392 -5.59%
$0.0025 Daily Range (6.48%)
$0.0392$0.0418
$11.43M Daily Volume
169 BTC
Vol/MktCap: 7.70%
Market Performance
0.03% Relative BTC Volume
The total volume of Sonic is $11.43M over the past 24 hours, compared to $41.92B total Bitcoin volume.
Hourly Moving Average
8 SMA $0.0397 -1.26%
13 SMA $0.0397 -1.19%
21 SMA $0.0400 -1.98%
55 SMA $0.0411 -4.64%
144 SMA $0.0408 -3.94%
Price Performance
-1.04% 1 Hour Change
$0.0392 from $0.0396
+5.67% 7 Day Change
$0.0022 from $0.0370
-9.59% 14 Day Change
-$0.0038 from $0.0430
-18.13% 30 Day Change
-$0.0071 from $0.0463
All Time High
January 4, 2025
$1.03 -96.19%
-$0.9898 vs. now
24H Change
-8.93M USD -5.67%
-132 BTC
Volume and Supply
Total Supply: 3.89B S 
3.78B S Available97.41% circulating A lower circulating supply may increase over time, reducing scarcity and potentially causing a drop in price. A higher circulating supply is less susceptible to dilution, offering the potential for a more stable price long-term.
Relative Supply Ratio
194.29 x BTC Supply194:1 supply ratio
RSR reflects potential differences in tokenomics, such as inflation rates, utility, or burn mechanisms, which can impact long-term value and scarcity.
Relative Trade Volume
282.12M S
traded over past 24 hours
7.45% of circulating supply
A higher trade volume relative to market cap indicates strong market activity and liquidity, while a lower ratio may suggest reduced interest, lower liquidity, or potential price stagnation.
Conversion Tool
Sonic AI Market Analysis
Sonic (S) is currently trading at $0.03959649, reflecting a 4.43% decrease over the last 24 hours. The price has fluctuated between a daily high of $0.04177499 and a low of $0.03934512, indicating a daily range of approximately 0.6%, which shows limited volatility.
Volume over the last 24 hours stands at 12,055,969, with a volume-to-market cap ratio of 8.04%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages indicate a bearish trend, with the 8 SMA at $0.0397 showing a decline of 0.22%, while the 55 SMA at $0.0415 reflects a more significant drop of 4.49%.
The 1-hour RSI is at a low 18, indicating oversold conditions, while the 7-day RSI sits at 48, suggesting that the asset is neither overbought nor oversold in the short term. However, the 14-day and 30-day price changes show negative trends of -9.53% and -17.54%, respectively, indicating broader bearish momentum over a more extended period.
Historically, Sonic reached an all-time high of $1.029 on January 4, 2025, which reflects a substantial potential upside from the current price level. Despite this high potential, the recent price action and technical indicators suggest a lack of buying pressure, making it a challenging environment for bullish sentiment.
In conclusion, while the asset is currently oversold, the overall downward momentum and negative price changes over the last 14 and 30 days indicate a continued bearish trend. Therefore, I recommend a Hold rating for Sonic (S) as it may be prudent to await clearer signs of reversal before considering any buying opportunities.
Volume over the last 24 hours stands at 12,055,969, with a volume-to-market cap ratio of 8.04%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages indicate a bearish trend, with the 8 SMA at $0.0397 showing a decline of 0.22%, while the 55 SMA at $0.0415 reflects a more significant drop of 4.49%.
The 1-hour RSI is at a low 18, indicating oversold conditions, while the 7-day RSI sits at 48, suggesting that the asset is neither overbought nor oversold in the short term. However, the 14-day and 30-day price changes show negative trends of -9.53% and -17.54%, respectively, indicating broader bearish momentum over a more extended period.
Historically, Sonic reached an all-time high of $1.029 on January 4, 2025, which reflects a substantial potential upside from the current price level. Despite this high potential, the recent price action and technical indicators suggest a lack of buying pressure, making it a challenging environment for bullish sentiment.
In conclusion, while the asset is currently oversold, the overall downward momentum and negative price changes over the last 14 and 30 days indicate a continued bearish trend. Therefore, I recommend a Hold rating for Sonic (S) as it may be prudent to await clearer signs of reversal before considering any buying opportunities.
Updated 61 minutes ago.
Sonic Relative Price at Market Cap of:
Sonic TradingView Chart
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