Solana (SOL) is currently trading at $135.98, reflecting a slight decline of 1.17% over the past 24 hours. The daily range shows a modest volatility of 2.57%, with a high of $137.78 and a low of $135.21, indicating a relatively stable trading environment.

The trading volume stands at approximately $2.74 billion, which represents 3.60% of the market cap, suggesting healthy trading activity. The moving averages are showing a bearish trend, with the 8 SMA at $136.44, the 13 SMA at $136.64, and the 21 SMA at $136.82, all indicating slight declines.

The 1-hour RSI is currently at 44, suggesting that the asset is nearing oversold conditions, while the 7-day RSI at 51 reflects neutrality. In the short term, the 7-day price change of 6.33% indicates some positive momentum, but the longer-term perspective is tempered by a 14-day decline of 2.59% and a significant 30-day drop of 25.84%.

Considering Solana's all-time high of $293.31 from January 2025, the current price presents a significant retracement. However, the current technical indicators suggest a potential support level around the $135 mark, as it coincides with the recent low and moving average levels.

In conclusion, the current price action and technical indicators suggest that Solana is experiencing bearish pressure, but the recent stabilization could present a buying opportunity for a short-term rebound. Therefore, the recommendation is to Hold, as the asset may be poised for a short-term correction while monitoring for signs of recovery.