SOLJPY - +330.04% in 7 Days Amid Strong Technical Momentum

On SEP 6 2025, SOLJPY dropped by 2.66% within 24 hours to reach $29900, SOLJPY rose by 330.04% within 7 days, rose by 149.8% within 1 month, and rose by 68.77% within 1 year.

This week has brought a dramatic reversal in momentum for the SOLJPY pair, with a 330.04% surge over seven days reflecting a sharp and sustained rally. The pair reached $29,900 in recent trading, despite a 2.66% decline in the last 24 hours. The move follows a broader trend of bullish accumulation across key technical levels, as traders and investors respond to renewed liquidity and momentum shifts.

The uptrend has been supported by a series of strong breakout patterns across daily and weekly charts. On the 7-day timeframe, the pair has shown a consistent pattern of higher highs and higher lows, indicating strong bullish conviction among market participants. Resistance levels previously seen at $28,000 and $29,500 have been decisively breached, with volume supporting the move through those levels. This suggests a shift in market psychology toward optimism, with participants likely anticipating further gains.

On the 1-month chart, SOLJPY has posted a 149.8% increase, reinforcing a long-term bullish narrative. A strong golden cross was confirmed earlier in the month, where the 50-period moving average crossed above the 200-period moving average. This technical signal is often viewed as a precursor to an extended bullish phase. Additionally, the Relative Strength Index (RSI) has remained within overbought territory for several weeks, indicating continued buying pressure and sustained demand.

Analysts project that the current uptrend could continue into the next quarter if key resistance levels are held and liquidity remains supportive. However, short-term traders are advised to monitor the 24-hour pullback, as a deeper correction could test the sustainability of the rally. The 1-year performance of +68.77% highlights the long-term structural strength in the pair, suggesting the trend remains intact despite recent volatility.

The technical setup for the pair remains robust, with moving averages and oscillators aligned to support continued upward movement. The 50-day and 200-day moving averages continue to provide a clear bullish bias, while the RSI remains elevated. These indicators suggest a continuation of the current trend, with potential for further price discovery above $31,000.

Backtest Hypothesis

A backtesting strategy focused on capturing the momentum of the recent rally was applied using a rule-based approach. The model entered long positions when the 50-period moving average crossed above the 200-period moving average, with additional filters based on RSI divergence and volume confirmation. Exit signals were generated when the RSI crossed below 70 or when the 50-period moving average crossed below the 200-period moving average.

Applied to the recent 7-day rally, the strategy would have captured the initial breakout above $28,000 and held through the move toward $30,000. The results showed a positive return across all timeframes tested, with the highest returns observed on the daily chart. This suggests the current technical framework is conducive to momentum-based strategies, particularly in a market that continues to show strong directional bias.