Sonic (S) is currently trading at $0.090678, reflecting a significant 10.76% increase in the last 24 hours. The price has experienced volatility within a 24-hour range of $0.08173 to $0.091312, indicating a robust daily trading environment.

Trading volume stands at approximately 31.77 million, representing 9.26% of the market cap. This elevated volume suggests increased investor interest and liquidity, which can support further price movements in the short term.

The hourly moving averages indicate bullish momentum, with the 8 SMA at $0.0859 showing a 5.54% increase and the 144 SMA at $0.0865 reflecting a 4.88% increase. The rapid ascent in shorter-term averages compared to longer-term averages suggests positive market sentiment, albeit with potential overbought conditions indicated by the 1-hour RSI at 80.

On the longer-term indicators, the 7-day RSI at 51 suggests that the asset is neither overbought nor oversold, indicating a potential for stabilization or continued upward movement. However, the 7-day price change of -6.51% shows recent weakness that could affect market confidence.

In contrast, the 14-day price change of 17.83% and a 30-day price change of 3.76% indicate a recovering trend over a longer period, hinting at underlying strength despite short-term fluctuations. With the all-time high of $1.029 set in January 2025, there is significant potential for growth if the momentum is sustained.

Given the current bullish indicators, combined with increased trading volume and favorable moving averages, a Buy rating is warranted. However, caution is advised due to the elevated RSI levels and recent price corrections, suggesting that short-term traders should monitor for potential pullbacks while longer-term investors may benefit from current levels.