Solana (SOL) is currently trading at $128.28, reflecting a significant 24-hour decline of 6.02%. The daily price action indicates a high of $139.71 and a low of $127.97, leading to a daily range volatility of 11.74%, highlighting increased market uncertainty.

The trading volume stands at approximately $4.53 billion, which corresponds to 6.31% of its market capitalization, suggesting a robust level of trading activity relative to its overall value. However, the moving averages are trending downwards, with the 8 SMA at $138.02 showing a decline of 7.06%, indicating bearish momentum across various time frames.

The 1-hour Relative Strength Index (RSI) is currently at a low 26, signaling potential oversold conditions and suggesting that a short-term rebound may be possible. Conversely, the 7-day RSI at 45 does not indicate immediate bullish momentum, and the 30-day price change of -31.50% underscores the asset's longer-term bearish trend.

Solana's all-time high of $293.31 is still a significant distance away, reflecting potential for recovery but also underscoring the current market weakness. The recent price declines, coupled with the RSI indicators, suggest a lack of strong buying pressure, even as the volume remains healthy.

Given the current technical indicators, particularly the low RSI and significant recent declines, the recommendation is to Hold SOL at this time. The asset may experience short-term volatility, but the broader trend remains negative, warranting caution before any aggressive buying or selling actions.