Solana (SOL) is currently priced at $138.14, reflecting a 3.74% increase over the last 24 hours. The asset has experienced a daily trading range of 12.35%, with a high of $144.43 and a low of $132.08, indicating significant volatility.

The trading volume over the past 24 hours stands at approximately $6.49 billion, with a volume-to-market cap ratio of 8.37%. This suggests a robust trading interest, which could support price movements in the near term.

Analyzing the hourly moving averages, the 8 SMA is currently at $140.82, indicating a short-term downtrend of 1.90%, while the 13 SMA shows a slight upward momentum at $137.69. The longer-term SMAs are also revealing a bullish trend, with the 21 SMA at $135.88 (+1.66%) and the 55 SMA at $135.31 (+2.09%).

The 1-hour RSI is at 63, suggesting that SOL is nearing overbought conditions, while the 7-day RSI at 47 indicates a neutral position. This divergence points to a potential short-term correction if upward momentum cannot be sustained, especially given the recent 7-day and 14-day price declines of 0.38% and 0.62%, respectively.

SOL's price has also declined by approximately 16.49% over the past 30 days, significantly below its all-time high of $293.31 from January 2025. This long-term perspective indicates that the asset remains under pressure, suggesting the current price may not hold if broader market conditions do not improve.

Given the current technical indicators and recent price action, a Hold rating is appropriate for Solana (SOL). The asset displays potential for short-term gains but faces resistance at higher levels, coupled with recent downward trends that suggest caution before entering new positions.