Solana (SOL) is currently trading at $139.36, reflecting a notable 6.16% increase over the past 24 hours. The price has seen a daily range of 9.42%, with a high of $139.81 and a low of $130.39, indicating strong volatility and potential trading opportunities.

Trading volume over the last 24 hours stands at approximately $6.03 billion, with a volume-to-market cap ratio of 7.69%. This suggests significant market activity and investor interest, contributing to the upward price momentum observed.

From a technical perspective, short-term moving averages show positive trends, with the 8 SMA at $138.08 indicating a gain of 0.92%. The longer moving averages, such as the 144 SMA at $134.88, have demonstrated stronger gains, up 3.33%, reinforcing a bullish sentiment in the market.

The 1-hour RSI is currently at 63, suggesting that SOL is nearing overbought territory, which may prompt short-term corrections. In contrast, the 7-day RSI at 53 indicates a neutral position, while the 14-day RSI shows a slight bearish trend, highlighting mixed signals in the medium term.

Over the past 30 days, SOL has experienced a price decline of approximately 12.77%, which could create a buying opportunity if the current trend continues. The all-time high of $293.31, achieved in January 2025, indicates significant upside potential, assuming market conditions remain favorable.

In conclusion, while there are short-term bullish signals supported by recent price action and trading volume, the longer-term trend shows a decrease over the last month. Considering the current technical indicators and potential for profit-taking, the recommendation is to Hold SOL for now, with close monitoring for signs of further upward momentum or a reversal.