Solana (SOL) is currently trading at $145.36, reflecting a 3.86% increase over the last 24 hours. The asset has shown volatility with a daily range of 6.46%, hitting a high of $146.14 and a low of $139.68, indicating strong market activity.

Trading volume stands at approximately $6.39 billion, representing 7.85% of the market cap. This level of volume suggests robust investor interest and liquidity, which are critical for maintaining price stability and supporting upward trends.

Technical indicators show that the hourly moving averages are trending positively, with the 8 SMA at $142.20 and the 13 SMA at $142.02 both showing upward momentum. However, the 1-hour RSI is at 70, indicating that SOL may be overbought in the short term, while the 7-day RSI at 53 suggests a more balanced market sentiment.

In terms of price momentum, Solana has experienced a modest increase of 1.67% over the past week and a more notable 5.82% rise over the last 14 days. However, the 30-day price change reflects a decline of 13.34%, indicating a bearish trend in the medium term compared to recent performance.

Despite the recent uptick, Solana remains significantly below its all-time high of $293.31 set in January 2025. This substantial gap suggests that while there may be short-term trading opportunities, the long-term outlook remains cautious unless the asset can sustain momentum and break through key resistance levels.

Considering the current technical setup, overbought conditions in the short term, and the substantial decline over the past month, the recommendation is to Hold. This rating allows investors to reassess their positions as the market stabilizes and potential entry points become clearer in the context of broader market trends.