Solana (SOL) is currently priced at $122.41, reflecting a slight increase of 0.37% over the past 24 hours. The cryptocurrency has demonstrated a daily trading range of 5.15%, with a 24-hour high of $124.87 and a low of $119.72, indicating market volatility.

Volume for the last 24 hours stands at approximately $4.28 billion, with a volume-to-market cap ratio of 6.20%, suggesting active trading. Despite this, the price has experienced a negative trend over the past week, with a 7-day price change of -2.77% and a more significant decline of -12.29% over the past 14 days.

From a technical analysis perspective, the hourly moving averages reveal mixed signals. The 8-period SMA is at $123.05, showing a decline of 0.52%, while the longer-term 144-period SMA is positioned higher at $124.20, reflecting a drop of 1.44%. The 1-hour RSI of 47 indicates neutral momentum, while the 7-day RSI remains at 47, suggesting no clear bullish or bearish sentiment.

Fundamentally, Solana's recent performance illustrates a bearish trend, highlighted by consistent price declines over multiple timeframes. The all-time high of $293.31 achieved in January 2025 seems far removed from current prices, indicating potential challenges for bullish recovery.

Given the current technical indicators, alongside the significant recent price drops and the lack of bullish momentum, the overall market sentiment appears cautious. Therefore, the recommendation for Solana (SOL) is to Hold, as the current price levels do not present compelling buy opportunities until stronger bullish signals emerge.