Solana (SOL) is currently trading at $83.08, reflecting a 24-hour decline of 2.85%. The daily price range has been relatively tight, with a high of $85.78 and a low of $82.88, indicating limited volatility in the short term.

The trading volume stands at approximately $2.05 billion, contributing to a market cap volume ratio of 4.33%, suggesting healthy trading activity relative to its market capitalization. However, the hourly moving averages are all in a downward trend, with the 8 SMA at $84.05 and a decline of 1.15%, signaling bearish momentum.

The 1-hour RSI is notably low at 21, indicating oversold conditions in the very short term, while the 7-day RSI at 47 suggests a lack of significant bullish strength. Additionally, the price changes over the last week, 14 days, and 30 days have shown downward trends of -3.57%, -5.51%, and -35.04%, respectively, reinforcing a negative sentiment.

Despite the recent price action, Solana remains significantly below its all-time high of $293.31, achieved in January 2025, indicating a substantial gap to recover. The current trend, combined with the negative price changes and low RSI readings, suggests that a reversal may not be imminent.

Given the current data and market conditions, I recommend a Hold rating for Solana (SOL). This rating is based on the recent bearish trend and lack of short-term buying momentum, while still monitoring for potential signs of recovery.