Summary
• Solana/Argentine Peso (SOLARS) formed a bullish reversal pattern from key support at ~195,000.
• Price surged by 2.98% on a breakout above the 197,133 level, driven by late-night buying.
• RSI moved into overbought territory, indicating potential consolidation ahead.
• Volatility expanded as the 20-period Bollinger Band widened with increased turnover.
• Volume spiked sharply in the final 24 hours, aligning with price strength and confirming bullish momentum.
At 12:00 ET-1, Solana/Argentine Peso (SOLARS) opened at 198,087 and traded between 195,012 and 200,654, closing at 200,357 by 12:00 ET. The pair recorded a 24-hour volume of 14.712 and notional turnover of approximately 3.027 billion ARS.
Structure & Formations
Price found strong support at 195,012 in the late hours of 2025-12-14, forming a bullish reversal pattern as it rebounded sharply. A key breakout above the 197,133 level in the early hours of 2025-12-15 confirmed renewed bullish bias, with a strong 5-minute bullish engulfing pattern forming at the close of 2025-12-15 09:15.
Moving Averages
On the 5-minute chart, the 20-period and 50-period moving averages were in an upward bias by the end of the 24-hour period, aligning with the recent price action. The 50-period line crossed above the 100-period line, forming a golden cross, reinforcing the short-term bullish momentum.
MACD & RSI
The MACD showed a positive divergence with bullish histogram expansion in the final hours, suggesting strong short-term momentum. RSI reached overbought territory (~72) in the late morning hours of 2025-12-15, hinting at a potential pullback or consolidation phase in the near term.
Bollinger Bands
Bollinger Bands expanded significantly following the breakout above 197,133, indicating increased volatility. Price closed near the upper band at 200,357, suggesting strong buying interest but also a possible near-term correction.
Volume & Turnover
Volume spiked sharply in the final 6 hours of the 24-hour window, particularly during the 09:15–09:45 ET breakout phase. Turnover also surged in line with price, indicating aligned volume and price action with no signs of divergence.
Fibonacci Retracements
The 5-minute chart retraced to the 61.8% Fibonacci level at 197,133 before breaking out. On the daily timeframe, the 38.2% retracement level was at 198,087—where the prior 24-hour high was located—before the price pushed higher.
While the recent price action appears to favor continued bullish momentum, a short-term pullback into the 197,000–196,000 range could be expected if RSI overextends. Investors should monitor volume closely, as a divergence could signal waning conviction ahead of the next 24-hour period.
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