Solana (SOL) is currently priced at $135.72, reflecting a 24-hour decrease of 1.64%. The daily range has been relatively tight, between a high of $140.70 and a low of $135.61, indicating subdued volatility as market participants consolidate around this level.

The trading volume over the past 24 hours stands at approximately $5.82 billion, which represents 7.60% of its market cap, suggesting active trading interest but not overwhelming bullish pressure. The hourly moving averages indicate a bearish sentiment, with all relevant SMAs trending downwards, particularly the 8 SMA, which is down 1.85% from the current price.

The 1-hour Relative Strength Index (RSI) is at 36, suggesting that SOL is nearing oversold conditions in the short term. Conversely, the 7-day RSI at 52 indicates that the asset is relatively neutral over a week-long period, showing potential for recovery or continued consolidation.

Over the past 7 days, SOL has increased by 3.56%, demonstrating some short-term bullish momentum, while the 14-day change shows a more robust gain of 11.40%. However, the 30-day price change is marginally negative at -0.73%, highlighting a struggle to maintain upward momentum in the longer term.

Solana's all-time high of $293.31 was reached on January 19, 2025, indicating significant room for price appreciation should market conditions improve. Nonetheless, the recent price action, combined with declining moving averages and the low 1-hour RSI, suggests caution.

Given the mixed indicators with a bearish short-term outlook and a neutral longer-term trend, a Hold rating is appropriate for SOL at this time. Investors should consider waiting for clearer bullish signals or a break above the recent high of $140.70 before initiating new positions.