Solana (SOL) is currently priced at $128.30, reflecting a 24-hour change of -2.67%. The daily price range is 6.04%, with a high of $131.82 and a low of $125.78, indicating moderate volatility in the short term.

The trading volume stands at approximately $5.94 billion, constituting 8.19% of the market cap, suggesting a healthy level of trading activity. The hourly moving averages show that the 8 and 13 SMA are slightly bullish at $127.09, while the longer-term SMAs indicate bearish pressure, particularly the 144 SMA at $138.70, which is down 7.50%.

The 1-hour RSI is at 62, indicating that SOL is nearing overbought territory, while the 7-day RSI at 36 suggests potential oversold conditions. The 7-day and 14-day price changes are negative at -11.41% and -7.51%, respectively, pointing to a short-term downtrend.

In contrast, the 30-day price change is slightly positive at 1.53%, indicating some resilience in the medium term. The all-time high of $293.31 from January 2025 remains a significant target, but current pricing suggests a long way to go.

Given the bearish signals from longer-term moving averages and the negative price momentum in the short to medium term, the recommendation is to Hold. This stance allows for a reassessment in the coming days as the market may provide clearer signals for potential upward movement or further decline.