Market Overview for Solana/Yen (SOLJPY) on 2025-12-12

Summary
• Price surged from 20388.0 to 21861.0, closing at 20861.0 amid strong bullish momentum.
• Key resistance clustered near 21839.0 with a potential bearish reversal forming.
• Volatility expanded after 12:00 ET, with volume peaking in the 6–9 AM ET window.
• MACD showed bullish divergence pre-peak, but RSI signaled overbought conditions.
• Fibonacci levels at 21451.0 and 20530.0 saw retests, suggesting internal consolidation.

24-Hour Price & Volume Summary

Solana/Yen (SOLJPY) opened at 20388.0 on 2025-12-11, surged to an intraday high of 21861.0 before closing at 20861.0 as of 12:00 ET on 2025-12-12. Total volume over 24 hours was 8817.45 units, with a notional turnover of approximately 187,013,000 JPY, showing significant activity in the afternoon and early evening.

Structure & Formations

The price broke above the 21000.0 level during the morning, forming a bullish continuation pattern before encountering clustered resistance at 21451.0 and 21839.0. A potential bearish reversal appeared at the high of 21861.0 with a long upper wick, suggesting hesitation among buyers. Notable support levels at 21451.0 and 20530.0 were both retested in the afternoon, reinforcing their significance.

Momentum and Indicators

The 5-minute MACD showed bullish divergence prior to the 21451.0 peak and turned bearish afterward, signaling a potential top. RSI hit overbought territory above 70 during the morning surge but dropped below 50 after the afternoon sell-off, indicating a shift toward bearish bias. Bollinger Bands widened as volatility increased post 12:00 ET, with price closing near the lower band, suggesting a potential pullback.

Volume and Turnover

Volume spiked heavily between 6–9 AM ET as the price surged above key resistance. Notional turnover followed closely, confirming bullish momentum. A divergence appeared in the afternoon when price fell despite lower volume, hinting at weakening conviction. By the close, volume had significantly dropped, suggesting potential consolidation ahead.

Implications and Outlook

The price action indicates a potential top forming near 21861.0, with a pullback toward 21178.0 likely in the short term. If support at 21178.0 holds, a retracement to 20530.0 could follow, but a break below 20376.0 would signal deeper bearish pressure. Investors should remain cautious on long positions into 21861.0 and watch for divergences in both momentum and volume.

In the next 24 hours, a retest of 21178.0 may occur, with key support to watch at 20530.0. A break below that level could trigger a stronger bearish response.