Solana (SOL) is currently trading at $133.58, reflecting a 1.77% increase over the past 24 hours. The daily trading range has shown volatility with a high of $138.98 and a low of $130.96, resulting in a daily range of 8.02%.

The trading volume stands at approximately $5.21 billion, which accounts for 6.94% of the market cap, indicating strong market interest. However, the hourly moving averages show a slight downtrend, with the 8 SMA at $137.69 down 2.99% and the 13 SMA at $136.92 down 2.44%, suggesting short-term bearish pressure.

Technical indicators reveal that the 1-hour RSI is at 48, indicating a neutral position, while the 7-day RSI is slightly lower at 47. This reflects a potential consolidation phase, especially considering the 7-day price change of 5.14%, contrasting with a 14-day price drop of 3.81% and a more significant 30-day decline of 15.52%.

Solana's all-time high remains significantly above the current price at $293.31, achieved in January 2025, suggesting substantial upside potential from current levels. However, the recent price action and moving averages indicate that it may be facing short-term resistance around the $138 mark, which could limit immediate gains.

Given the current technical indicators and market sentiment, the outlook for Solana appears mixed. While there is potential for recovery based on the all-time high, the current momentum and moving averages suggest caution in the short term.

**Rating: Hold** - The current market conditions indicate a need for further confirmation of upward momentum before taking a bullish stance. Holding is advisable to assess potential breakouts above resistance levels.