Sonic (S) is currently trading at $0.102286, reflecting a significant decline of 15.16% over the past 24 hours. The price has oscillated between a high of $0.122991 and a low of $0.102189 during this period, indicating heightened volatility with a daily range of approximately 0.020802%.

The trading volume stands at 85,674,774, representing 22.16% of the market cap, which suggests a relatively active trading environment. However, the 1-hour RSI at 18 indicates extreme oversold conditions, while the 7-day RSI of 38 points to a bearish trend, suggesting further downside potential in the near term.

Moving averages indicate a consistent downtrend, with all key SMAs showing negative percentages relative to the current price. The 8 SMA is at $0.1100 (-7.01%), the 13 SMA at $0.1121 (-8.78%), and the 21 SMA at $0.1139 (-10.16%), all reflecting persistent selling pressure.

From a longer-term perspective, Sonic's price has dropped 24.12% over the last week, 20.43% in the last two weeks, and a substantial 37.48% over the past month. This trend, combined with the proximity to the all-time high of $1.029 set in January 2025, highlights a stark contrast between current performance and historical peaks.

Considering the technical indicators and the recent price action, the outlook for Sonic remains bearish in the short to medium term. With significant resistance levels indicated by the moving averages and extreme oversold conditions, a cautious approach is advised.

Given these factors, the rating for Sonic (S) is a Sell. The combination of significant price drops, bearish RSI levels, and resistance levels suggests further declines may be imminent, warranting exit strategies for current holders.