Solana (SOL) is currently priced at $136.79, reflecting a 24-hour decline of 4.10%. The daily trading range has fluctuated between a high of $142.85 and a low of $136.06, indicating a volatility of 6.79% within this period.

Trading volume stands at approximately $5.35 billion, representing 6.95% of the market cap, suggesting robust trading activity despite the price drop. The 1-hour RSI is at 31, indicating oversold conditions, while the 7-day RSI is at 49, suggesting a neutral trend in the short term.

The hourly moving averages show mixed signals: the 8 SMA is slightly negative at -0.06%, while the 55 SMA has a modest gain of +0.30%. However, the longer-term 30-day price change of -17.61% reflects a bearish trend over the past month, indicating weakness in the asset.

With the all-time high of $293.31 reached in January 2025, Solana has significant room for recovery if it can reclaim bullish momentum. Currently, the technical indicators are showing mixed signals, but the oversold RSI suggests potential for a rebound.

Given the current technical landscape, with mixed short-term indicators and significant downside in the last month, a cautious approach is warranted. Therefore, the recommendation is to Hold, as potential short-term recovery could be in play, while the long-term outlook remains uncertain.