Solana (SOL) is currently priced at $89.55, reflecting a 24-hour decline of approximately 4.87%. The price has fluctuated between a 24-hour high of $94.13 and a low of $88.29, indicating a daily range of 5.84%, which suggests increased volatility in the short term.

Trading volume stands at $9.31 billion, accounting for 18.34% of the market cap, indicating robust trading activity. The hourly moving averages are showing bearish signals, with the 8 SMA at $91.01 and the 13 SMA at $91.20, both indicating negative trends in the short term.

The 1-hour RSI is at 43, suggesting that SOL is approaching oversold conditions, while the 7-day RSI of 38 indicates persistent bearish momentum. Additionally, the price has declined significantly over the last 30 days by approximately 35.64%, reflecting a severe downtrend that warrants caution for potential buyers.

From a technical standpoint, SOL is trading below all short-term moving averages, with the most significant resistance appearing at the 55 SMA of $96.73. The recent price action coupled with a low RSI suggests that a reversal may be imminent, but the prevailing trend remains downward.

Given the substantial 14-day price change of -30.77% and the consistent negative momentum, it is essential to approach SOL with a cautious outlook. While oversold conditions could indicate a potential for short-term recovery, the longer-term trends and current resistance levels imply that further declines could occur.

In conclusion, the recommendation for Solana (SOL) is to Hold. While there may be short-term trading opportunities, the overall market conditions and technical indicators suggest that substantial risk remains, and potential buyers should wait for clearer signals of recovery before entering positions.