Sonic (S) is currently trading at $0.094492, experiencing a slight decline of 1.41% over the last 24 hours. The daily price range has been between $0.091501 and $0.096587, indicating a relatively stable market with a daily range of 5.09%.

Trading volume stands at approximately 61.75 million, which corresponds to 17.26% of its market capitalization, suggesting moderate market activity. The hourly moving averages show mixed signals; while the 13 SMA and 21 SMA are slightly bullish, the 55 SMA and 144 SMA indicate a bearish trend over longer periods.

The 1-hour RSI is currently at 70, indicating that the asset is in the overbought territory, which may lead to a price correction soon. In contrast, the 7-day RSI is at 41, suggesting a lack of momentum and potential bearishness in the short term, as the price has decreased by 13.59% over the last week.

Over the last 14 and 30 days, Sonic has seen price drops of 21.27% and 34.03%, respectively, reflecting a bearish trend over these periods. The all-time high of $1.029, reached on January 4, 2025, highlights the significant distance Sonic must cover to regain its former highs, suggesting that current levels may be more reflective of long-term bearish sentiment.

Given the mixed signals from the moving averages and the RSI indicators, as well as the notable price declines over the past month, a cautious approach is warranted. Therefore, the recommendation is to Hold Sonic (S) at current levels until clearer bullish indicators emerge or the asset stabilizes at a lower price point, as potential price corrections are likely in the near term.