Sonic (S) is currently trading at $0.089412, reflecting a minor 24-hour change of 0.30957%. The price has fluctuated between a 24-hour high of $0.092433 and a low of $0.088353, indicating a daily range of 0.00408%.

The trading volume stands at 22,792,261, with a volume-to-market cap ratio of 6.74%, suggesting moderate trading activity relative to its market capitalization. The short-term moving averages show a slight bearish trend, with the 8 SMA at $0.0899 (-0.58%) and the 21 SMA at $0.0896 (-0.23%), while the 144 SMA indicates a more significant decline at $0.0917 (-2.52%).

Momentum indicators present a neutral stance, with the 1-hour RSI at 51 and the 7-day RSI at 54. The 7-day price change of 10.40% and a 14-day change of 22.48% suggest a recent bullish trend, contrasting with a 30-day decline of 9.12%, indicating potential volatility.

Sonic's all-time high of $1.029, achieved on January 4, 2025, represents significant upside potential from current levels. However, the recent price movements and the bearish signals from the longer-term moving averages warrant caution.

Considering the current technical indicators and price trends, the recommendation is to hold Sonic (S) for now. The price action indicates potential for recovery, but the bearish moving averages suggest it may not be the right time to enter a new position.