Solana (SOL) is currently trading at $126.75, reflecting a 24-hour change of -3.66%. The daily price action shows a high of $134.26 and a low of $124.08, indicating a daily range of 10.18%, which suggests increased volatility.

Trading volume stands at approximately $5.54 billion, with a volume-to-market cap ratio of 7.77%, highlighting robust trading activity. The hourly moving averages indicate a bearish trend, with the 8 SMA at $125.73 showing a slight uptick of 0.81%, while the longer SMAs reflect ongoing downward pressure, particularly the 144 SMA at $133.39, which is down 4.98%.

The 1-hour RSI is at 28, indicating that SOL is in oversold territory, suggesting a potential short-term rebound. Conversely, the 7-day RSI at 42 indicates a lack of momentum, with a recent 7-day price change of -4.70%, which corroborates the downward trend observed over the last 30 days, where SOL has declined by 8.43%.

Considering the recent price movements and technical indicators, Solana is experiencing significant selling pressure with no immediate signs of recovery. Given the current market conditions and technical indicators, the recommendation is to Hold SOL for now, as there may be potential for a bounce in the oversold condition, but further confirmation of upward momentum is needed before considering a Buy.