Solana (SOL) is currently trading at $136.40, reflecting a 24-hour change of 0.32%. The price has maintained a daily range between $135.31 and $136.77, indicating moderate volatility with a daily range of 1.46%.

Trading volume stands at approximately $1.69 billion, representing 2.19% of the market cap. The hourly moving averages show that the short-term sentiment is positive, with the 8 SMA and 13 SMA both trending upward, while the 55 SMA and 144 SMA indicate slight downward pressure.

The 1-hour RSI is at 53, suggesting a neutral to slightly bullish sentiment, while the 7-day RSI at 51 indicates that SOL is in a stable state with potential for upward movement. In the past week, SOL has appreciated by 1.83%, and over the last 14 days, it has gained nearly 9.80%, reflecting a recent trend of recovery.

However, the 30-day price change shows a decline of approximately 1.07%, indicating some weakness in the longer-term trend. The all-time high of $293.31, reached in January 2025, highlights the potential for significant upside, although current levels remain considerably lower than that peak.

Given the current technical indicators and the recent price action, the outlook for Solana is cautiously optimistic. The combination of short-term upward momentum and moderate RSI levels suggests potential for further gains, but caution is warranted due to the mixed signals from longer-term metrics.

Rating: Buy. The positive short-term moving averages and a neutral RSI indicate a potential for upward movement, making it a favorable entry point for traders looking to capitalize on the current market conditions.