Solana (SOL) is currently priced at $141.85, reflecting a significant 12.27% increase over the past 24 hours. The asset has experienced a daily trading range of 17.67%, with a high of $143.83 and a low of $126.16, indicating strong volatility and investor interest.

Trading volume stands at approximately $7.86 billion, which represents 9.90% of its market cap, suggesting robust market activity. The hourly moving averages indicate a bullish trend, with the 8 SMA at $140.14 (+1.22%) and the 21 SMA at $136.74 (+3.74%), confirming upward momentum in shorter timeframes.

The one-hour RSI is currently at 62, which signals that SOL is nearing overbought territory but still has room for further gains. In contrast, the 7-day RSI sits at 50, indicating a neutral trend over the week, while the 30-day price change reflects a decline of approximately 19.23%, suggesting a longer-term bearish sentiment.

Despite the recent rally, the price remains significantly below its all-time high of $293.31, reached in January 2025. The recent price changes over 7 and 14 days are modest, with increases of 1.81% and 2.08%, respectively, further supporting a cautious approach amidst the volatility.

Considering the current price action, volume, and moving averages, a short-term bullish sentiment is justified; however, the overarching trend from the 30-day perspective remains bearish. Therefore, I recommend a Hold rating for SOL at this time, allowing investors to assess potential further gains against the backdrop of longer-term market conditions.