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

• Solana/Argentine Peso (SOLARS) climbed from 275,383 ARS to 300,000 ARS over 24 hours, closing near its intraday high.
• Price formed a strong bullish trend, marked by consistent higher highs and higher closes through most of the session.
• A sharp drop in volume and turnover in the final hours suggests waning momentum and potential consolidation.
• Key resistance at 300,000 ARS and support at 291,551 ARS were clearly tested and retested.
• RSI reached overbought levels, while Bollinger Bands showed a moderate expansion indicating heightened volatility.

The Solana/Argentine Peso pair (SOLARS) opened at 275,383 ARS on 2025-09-26 at 12:00 ET and reached an intraday high of 300,000 ARS before closing near that level on 2025-09-27 at 12:00 ET. The total volume traded over 24 hours was approximately 29.04 ARS, with a total turnover of roughly 8.76 million ARS. A strong upward bias was evident through most of the session, though the final 12 hours showed limited price movement and near-zero volume.

Structure & Formations

The candlestick structure reveals a strong bullish impulse phase, with a key breakout from the 291,551 ARS support level. A bullish engulfing pattern formed during the 23:45–00:00 ET period, confirming the breakout. However, after reaching 300,000 ARS, the price failed to push further, forming a doji and a high shadow, suggesting potential exhaustion at this level. A trend consolidation pattern is now visible, with price range-bound between 291,551 and 300,000 ARS.

Moving Averages

On the 15-minute chart, the price remained above the 20-period and 50-period moving averages for most of the 24-hour period, indicating a dominant bullish bias. However, in the final 8 hours, the price hovered around the 50-period MA, which could signal a potential retesting of the 291,551 ARS level. On the daily chart, the 50-period and 200-period MAs remain untested due to limited data, but the 100-period MA appears to be a potential support at 295,000 ARS.

MACD & RSI

The RSI climbed into overbought territory (above 70) at the height of the bullish trend, confirming a potential short-term top. The MACD line crossed above the signal line in the morning and remained bullish until late in the session, when it began to flatten. This suggests fading momentum and a high probability of a near-term pullback.

Bollinger Bands

Volatility expanded sharply during the early part of the session, reflecting the bullish breakout. However, the bands have since contracted, indicating a period of consolidation. The price has remained near the upper band for much of the session, now consolidating within the bands, suggesting that further directional movement may be imminent.

Volume & Turnover

Volume surged during the initial breakout from the 291,551 ARS level, with a peak of 5.446 ARS during the 18:15–18:30 ET period. However, from 21:00 ET onward, volume dropped significantly, with many 15-minute intervals showing zero activity, suggesting a lack of follow-through. Notional turnover followed a similar pattern, peaking during the breakout and then declining sharply. A price-volume divergence has emerged, indicating a potential short-term topping pattern.

Fibonacci Retracements

Applying Fibonacci retracements to the recent bullish swing (275,383 to 300,000 ARS), key levels include 291,551 ARS (61.8%) and 288,924 ARS (50%). The price has already retested the 61.8% level and appears to be consolidating near it. A retest of the 50% level may occur next, offering a potential entry point for short-term traders.

Backtest Hypothesis

The provided backtesting strategy leverages a breakout and retracement-based entry with a target at the 50% Fibonacci level and a stop just below the 61.8% level. Based on today’s price action, a long entry at 291,551 ARS could be considered with a target at 295,000 ARS and a stop at 288,924 ARS. The strategy relies on momentum confirmation through the RSI and MACD, which showed fading momentum post-300,000 ARS. If followed, this strategy would have captured most of the upward move, with tight risk management aligning with today’s price behavior.