Market Overview for Solana/Mexican Peso (SOLMXN) on 2025-12-29

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 29, 2025 10:08 am ET1min read
SOL
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Aime RobotAime Summary

- SOLMXN opened at 2234.0 but closed at 2218.0 after failing to hold a key 2317.0 breakout and testing 2223.0 support.

- Volume spiked to 13.67 SOL during the morning ET breakdown, confirming bearish momentum as RSI dropped from overbought levels.

- Bollinger Bands widened during the 24-hour period, reflecting heightened volatility with price clustering near the lower band.

- A 38.2% Fibonacci retracement aligns with current 2218.0 support, while a break below 2205.0 could target 2170.0 levels.

- Market consolidation suggests bearish control remains, with traders advised to monitor 2205.0 support and potential rebounds toward 2234.0.

Summary
• SOLMXN opened at 2234.0 and closed lower at 2218.0 after a volatile 24-hour session.
• A key breakout failed near 2317.0, followed by a sharp pullback to test 2223.0 support.
• Volume surged during the early morning ET with a peak of ~13.67 SOL, confirming bearish momentum.
• RSI hit overbought levels earlier, then turned sharply lower, signaling exhaustion in the rally.
• Bollinger Bands showed a moderate widening during the 24-hour period, indicating rising volatility.

The Solana/Mexican Peso pair (SOLMXN) opened at 2234.0 at 12:00 ET-1 and traded as high as 2317.0 before closing at 2218.0 at 12:00 ET. The 24-hour low was 2205.0. Total trading volume amounted to 147.34 SOL, with notional turnover of 329,417.68 MXN.

Structure & Formations


The price action formed a bearish reversal pattern as the initial rally to 2317.0 failed to hold, triggering a sharp sell-off. Key support levels at 2260.0 and 2223.0 were tested multiple times, with the latter showing partial resilience. A long lower shadow candle at 094500 ET indicated buyers attempting to push higher but failed to sustain momentum.

Moving Averages


On the 5-minute chart, the 20-period MA crossed below the 50-period MA, signaling a short-term bearish bias. Daily MAs (50, 100, 200) remain uncomputed due to limited historical data, but the 24-hour trend shows a clear downward drift.

MACD & RSI


MACD turned negative after a brief positive phase, confirming the bearish shift. RSI surged above 70 in the early morning before dropping below 50, indicating overbought correction and weakening bullish momentum.

Bollinger Bands


Bollinger Bands widened during the morning ET, reflecting increased volatility. Price remained near the lower band during the final hours, hinting at bearish dominance and potential for further consolidation or pullbacks.

Volume & Turnover

Volume spiked significantly during the 100000 ET candle, confirming the breakdown from 2317.0. However, subsequent volume has declined, suggesting waning conviction. Notional turnover spiked with the same candle, aligning with the bearish price move.

Fibonacci Retracements


A 38.2% Fibonacci retracement of the 2234.0 to 2317.0 move aligns with the current price near 2218.0, suggesting potential short-term support. A break below 2205.0 would target the 61.8% level around 2170.0.

The market appears to be consolidating after a sharp correction, with bearish control likely to continue in the near term. Investors should monitor support at 2205.0, and while the immediate outlook is cautious, a rebound could test the 2234.0 level. As always, be mindful of the risks of sudden volatility in this highly leveraged asset class.