Solana (SOL) is currently trading at $132.43, reflecting a 4.95% increase in the last 24 hours, with a daily range of 7.08%. The price reached a 24-hour high of $132.89 and a low of $125.81, indicating strong buying interest as it remains above key moving averages.

The volume stands at approximately $4.85 billion, representing 6.50% of the market cap, which suggests significant trading activity and liquidity. The hourly moving averages show bullish momentum, with the 8 SMA at $131.05 indicating a short-term positive trend, while the 55 SMA at $126.50 shows a solid support level as well.

Technical indicators reveal an hourly RSI of 69, approaching overbought territory, while the 7-day RSI of 58 reflects moderate bullish momentum. Over the past week, SOL has increased by 8.38%, but it has declined by 8.56% over the last 30 days, suggesting some volatility in the medium-term outlook.

The price remains significantly below its all-time high of $293.31, achieved in January 2025, indicating potential for recovery. However, given the recent price action and the current RSI levels, a consolidation phase may be imminent as market participants take profits.

Overall, the data suggests a cautious bullish sentiment for Solana. Given the strong short-term price performance and support levels, I recommend a "Buy" rating, targeting short-term gains while remaining alert to potential profit-taking and market corrections.