Solana (SOL) is currently priced at $138.32, reflecting a 24-hour decline of 2.07%. The daily trading range has been relatively narrow, between a high of $142.45 and a low of $137.23, indicating subdued volatility.

The trading volume stands at approximately $2.68 billion, with a volume-to-market cap ratio of 3.65%, suggesting moderate liquidity. The short-term moving averages (8 SMA at $141.18, 13 SMA at $140.95, and 21 SMA at $140.66) show a bearish trend, each registering declines ranging from 1.66% to 3.53% over the past few days.

Momentum indicators are also indicative of weakness; the 1-hour RSI is at 34, suggesting oversold conditions, while the 7-day RSI at 44 implies a lack of strong buying interest. Price changes over varying periods reveal a negative trend, with a 30-day decline of over 22%, highlighting persistent selling pressure.

Solana's current price is significantly below its all-time high of $293.31, achieved in January 2025, which adds to the bearish sentiment as traders remain cautious. The sustained downward movement in both short and medium-term price changes further supports a cautious approach to trading.

Given the current technical indicators and the negative price momentum, the outlook for Solana is bearish in the short term. The combination of declining moving averages and weak RSI readings suggests further downside potential.

Based on this analysis, I rate Solana (SOL) as a Sell. The ongoing bearish trend, coupled with a lack of bullish momentum, indicates that a recovery may not materialize in the near term.