Solana (SOL) is currently priced at $140.15, reflecting a 6.71% increase over the last 24 hours. The asset has shown significant volatility within this period, with a daily range of 12.49% between a high of $143.83 and a low of $131.34, suggesting strong trading activity.

Volume over the last 24 hours stands at approximately $7.56 billion, equating to a volume/market cap ratio of 9.64%, indicating robust interest and liquidity. The technical indicators reveal that the 8 SMA is below the current price, suggesting short-term bearish momentum, while the longer 55 SMA is indicating a stronger bullish trend with a 6.38% gain.

The hourly RSI sits at 56, which suggests that SOL is approaching overbought territory, while the 7-day RSI at 49 indicates a neutral market condition over the past week. Short-term price changes reflect a 3.23% increase over the last week, while the 14-day price change shows a modest 2.19% rise; however, the 30-day price change reveals a significant decline of 20.32%, highlighting recent bearish sentiment.

With the all-time high of $293.31 reached in January 2025, SOL has considerable room for upside if it can regain bullish momentum. Current price action suggests that while there is potential for further gains, the lack of a strong upward trend over the last month may limit immediate upside.

Given the mixed signals from short-term technical indicators and the longer-term bearish trend, a cautious approach is warranted. Therefore, the rating for Solana (SOL) is a Hold, as the asset may stabilize around current levels before a clearer trend direction emerges.