Market Overview: Solana/Argentine Peso (SOLARS) 24-Hour Action

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Saturday, Jan 17, 2026 11:05 am ET1min read
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Aime RobotAime Summary

- SOLARS surged 0.6% on strong volume, testing 219,667 ARS resistance twice without breakout.

- RSI hit overbought levels and Bollinger Bands expanded, signaling potential short-term exhaustion.

- Volume declined after 08:00 ET while price consolidated, with key 218,923 ARS support tested twice.

- Technical indicators suggest possible 219,667 ARS retest but warn of 218,923 ARS correction if momentum weakens.

Summary
• Price surged 0.6% on strong volume, testing a 219,667 ARS resistance.
• Volatility spiked mid-session, with a 213,841 to 220,239 range and key pullbacks noted.
• RSI signaled overbought conditions near close, hinting at potential near-term exhaustion.
• Bollinger Bands showed a late expansion, aligning with the final push higher.
• Volume dried up after 08:00 ET, suggesting waning follow-through demand.

At 12:00 ET on January 17, 2026, Solana/Argentine Peso (SOLARS) opened at 214,287 ARS, reached a high of 220,239 ARS, and closed at 218,819 ARS, having traded within a range of 213,841 to 220,239 ARS. Total volume was 158.786 SOL, and notional turnover amounted to 34,269,391.69 ARS.

Structure and Formations


The price of SOLARS formed a strong bullish impulse wave from 214,287 ARS, reaching 220,151 ARS, followed by a consolidation phase.
A bearish reversal candle emerged at 04:30 ET, suggesting short-term exhaustion. Key support levels were identified at 219,326 and 219,113 ARS, while a critical resistance at 219,667 ARS was tested twice without clear breakouts.

Moving Averages


The 20-period and 50-period moving averages on the 5-minute chart converged, reinforcing the upward bias during the morning session. Daily timeframes showed a clear separation between the 50 and 200-day averages, suggesting a potential continuation of the broader uptrend if the current momentum holds.

Momentum and Volatility


Relative Strength Index (RSI) climbed into overbought territory during the final hour, indicating potential short-term pullback risks. MACD showed a narrowing histogram and a flattening signal line, suggesting a temporary slowdown in bullish momentum. Bollinger Bands expanded during the session, reflecting increased volatility and price retesting of the upper band.

Volume and Turnover


Volume surged during the bullish breakout at 21:45 ET and again at 21:00 ET, confirming the strength of the rally. However, by 08:00 ET, volume faded significantly, coinciding with a price consolidation phase. Turnover mirrored volume patterns, with a clear divergence at 06:30 ET when price fell sharply while volume remained muted.

Key Retracement Levels


Fibonacci retracement levels on the 5-minute chart identified 219,358 ARS (38.2%) and 218,923 ARS (61.8%) as critical retracement levels during the post-220,151 ARS pullback. These levels were tested twice during the session, with price finding temporary support each time before resuming its upward direction.

The forward-looking technical signal appears to favor a short-term test of the 219,667 ARS resistance level, with a probable correction to 218,923 ARS if momentum wanes. Investors should remain cautious, as a prolonged overbought RSI and thin volume at close may indicate waning conviction in the near-term move.