Solana (SOL) is currently trading at $127.15, reflecting a slight decrease of 0.14% over the past 24 hours. The daily trading range of 4.4% indicates moderate volatility, with a high of $127.92 and a low of $123.52 during this period.

Volume stands at approximately $5.42 billion, which represents 7.62% of the market cap, indicating robust trading activity. The short-term moving averages (8 SMA at $126.96, 13 SMA at $125.90, and 21 SMA at $126.19) show upward momentum, while the longer-term moving averages (55 SMA at $131.43 and 144 SMA at $136.52) suggest a bearish trend over the past weeks.

The 1-hour RSI is at 62, signaling near-overbought conditions, while the 7-day RSI at 45 suggests the asset is nearing oversold territory. Over the past week, SOL has decreased by approximately 6.8%, and it has seen a more significant decline of about 32.15% over the last 30 days, indicating a bearish sentiment in the medium term.

Considering the data, the immediate support level appears to be at $125.90, with resistance at $131.43. Given the current price action, the short-term outlook is cautiously optimistic due to bullish signals from the shorter moving averages, but longer-term pressures persist.

In conclusion, while there are signs of recovery in the short term, the significant downtrend over the past month suggests caution. Therefore, I recommend a Hold rating on SOL, allowing for potential recovery while monitoring for further bullish confirmation.