Sonic (S) is currently priced at $0.091463, reflecting a slight increase of 0.36571% over the past 24 hours. The daily trading range has been narrow, with a high of $0.091896 and a low of $0.090228, indicating limited volatility in the short term.

Trading volume stands at approximately 26.24 million, translating to a volume-to-market cap ratio of 7.58%. This relatively low volume suggests that while there is interest, trading activity has not significantly impacted the price direction in recent hours.

Analyzing the moving averages reveals mixed signals: the 8, 13, and 21-period SMAs are trending upwards, while the 55 and 144-period SMAs indicate a downward trend. The divergence between short-term and long-term averages suggests potential instability and a lack of strong momentum in either direction.

The 1-hour Relative Strength Index (RSI) is at 53, indicating a neutral market sentiment, while the 7-day RSI sits at 48, suggesting that Sonic is nearing oversold conditions. Over the past week, Sonic has experienced a decline of 4.19%, with more significant downturns of 14.99% over the last 14 days and 32.30% in the last 30 days, indicating sustained bearish pressure.

Sonic's all-time high of $1.029 highlights the potential for significant appreciation, but the current price reflects a considerable retracement from those levels. The consistent downward trends in longer timeframes suggest that investors should be cautious, as the cryptocurrency has yet to establish a robust recovery pattern.

Given the mixed signals from moving averages and RSI indicators, alongside the substantial price retracement from all-time highs, the recommendation is to hold Sonic (S) at this time. Monitoring for signs of recovery or a shift in trading volume will be crucial before considering a buy position.