Solana (SOL) is currently priced at $132.88, reflecting a 24-hour change of -1.67%. The asset has traded within a daily range of $132.56 to $138.98, indicating a volatility of 6.42% within the session.

Trading volume stands at approximately $5.22 billion, which accounts for 7% of the market capitalization, signaling active participation. However, the short-term moving averages indicate a bearish trend, with the 8 SMA at $134.65 showing a decline of 1.31%, and the 144 SMA at $136.96 reflecting a 2.98% decrease.

The 1-hour RSI is notably low at 25, suggesting that SOL is oversold in the very short term, while the 7-day RSI at 46 indicates a neutral position over a longer timeframe. The recent 7-day price change is positive at 4.46%, but it’s overshadowed by a negative 14-day change of -4.14% and a significant decline of -15.36% over the past 30 days.

Despite the current price being significantly lower than its all-time high of $293.31, the market sentiment appears weak due to the downward pressure reflected in the moving averages. The combination of low RSI readings and negative price changes over longer periods indicates a lack of upward momentum.

Given the current technical indicators and the overall trend, the recommendation is to hold Solana (SOL) at this time. While the asset is oversold in the short term, the prevailing negative trends and lack of bullish signals suggest that waiting for more favorable conditions may be prudent before considering any buying opportunities.