Solana (SOL) is currently priced at $125.99, reflecting a 4.86% decline over the last 24 hours. The price has fluctuated between a 24-hour high of $134.26 and a low of $124.08, indicating significant volatility with a daily range of 10.18%.

Volume for SOL stands at approximately $5.81 billion, representing 8.20% of its market cap. The hourly moving averages show bearish momentum, with the 8 SMA at $126.43 down by 0.34% and the 21 SMA at $128.14 down 1.68%, highlighting a short-term downward trend.

Both the 1-hour and 7-day Relative Strength Index (RSI) are at 42, suggesting that SOL is approaching oversold territory but is not there yet. The 7-day price change of -5.35% and 30-day decline of -11.16% signal a bearish sentiment in the medium term.

The all-time high for Solana remains significantly distant at $293.31, achieved on January 19, 2025. Given the current technical indicators, including the RSI and moving averages, SOL appears to be under pressure with no immediate signs of reversal.

Considering these factors, the recommendation is to Hold. The current price action and bearish indicators suggest waiting for further confirmation of price stability or bullish momentum before making new purchases.