Solana (SOL) is currently trading at $131.48, reflecting a 24-hour decline of 4.00%. The daily price range has been significant, with a high of $141.67 and a low of $129.42, indicating volatility in the market.

The trading volume stands at approximately $7.13 billion, representing 9.66% of the market cap, which suggests active trading and liquidity. However, the hourly moving averages present a bearish trend, with the 8 SMA at $130.81 showing a slight increase of 0.51%, while the longer-term SMAs are all in negative territory, indicating downward momentum.

The Relative Strength Index (RSI) on an hourly basis is at a critical low of 22, suggesting oversold conditions. In contrast, the 7-day RSI is at 48, indicating a neutral stance, while the 30-day price change shows a notable decline of nearly 19.54%, which may deter new buyers.

From a fundamental perspective, Solana's all-time high of $293.31 highlights its significant potential, but the current price reflects a considerable retracement. Investors should consider macroeconomic factors and the overall market sentiment, which can heavily influence Solana's short-term price movements.

In conclusion, given the current price action, high volatility, and bearish indicators, a cautious approach is warranted. The recommendation is to Hold SOL for now, monitoring for potential signs of stabilization or bullish momentum before considering new positions or selling.