Solana (SOL) is currently priced at $126.03, reflecting a significant 24-hour decline of 5.66%. The daily price movement has shown a range of $8.45%, with a high of $134.32 and a low of $125.87, indicating increased volatility in the short term.

Volume stands at approximately $6.0 billion, representing 8.42% of the market cap, suggesting robust trading activity. However, the hourly moving averages indicate a bearish trend, with the 8 SMA at $128.37 down 1.82% and the 55 SMA at $134.89 down 6.57%, signaling resistance levels that may hinder upward momentum.

The 1-hour RSI is critically low at 10, indicating oversold conditions, while the 7-day RSI at 34 suggests weakness but is not yet in extreme oversold territory. Over the past week, SOL has dropped by 14.28%, and the 14-day change is also negative at -10.26%, confirming a bearish trend in the medium term.

Comparatively, the 30-day price change is marginally positive at 0.21%, suggesting some stability over a longer horizon, but this is overshadowed by recent declines. With the all-time high of $293.31 reached on January 19, 2025, current prices show significant depreciation, with the asset still well below this peak.

Given the current price action, technical indicators, and market sentiment, the outlook for SOL remains bearish in the short to medium term. Therefore, a rating of Sell is appropriate as it appears to be under pressure, with no immediate signs of reversal in the prevailing trend.