Solana (SOL) is currently trading at $88.26, reflecting a significant 11.95% increase over the last 24 hours, indicating a strong short-term bullish sentiment. The daily range has been volatile, with a high of $89.40 and a low of $78.78, suggesting a responsive market reacting to broader sentiment shifts.

The trading volume stands at approximately $9.08 billion, which represents 18.16% of its market capitalization, indicating robust trading activity and potential liquidity for traders. The short-term moving averages (8 SMA and 13 SMA) are showing positive trends (+1.51% and +3.69%, respectively), while longer-term averages (55 SMA and 144 SMA) are still in the red, suggesting a potential divergence in the market outlook.

Technical indicators present a mixed view; the 1-hour RSI is at 81, signaling an overbought condition in the very short term. Conversely, the 7-day RSI at 44 indicates that Solana may be approaching an oversold condition in the longer term, suggesting a potential reversal point if buying momentum continues.

The 7-day, 14-day, and 30-day price changes are negative (-25.34%, -30.85%, and -35.87%, respectively), underscoring that the cryptocurrency has faced substantial declines recently, despite the recent rally. This decline from the all-time high of $293.31 emphasizes a bearish longer-term trend that traders should consider before making decisions.

In conclusion, while the short-term indicators show bullish momentum, the longer-term trend remains bearish with significant resistance around the 144 SMA at $95.67. Given the volatility and mixed signals, the recommendation for Solana (SOL) is to Hold, as traders should monitor for further stabilization before considering any Buy or Sell actions.