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Summary
• Price tested 2344.0 support before rebounding to 2395.0.
• Volume remained subdued but showed modest activity during key reversals.
• RSI and MACD suggest momentum is building in the bullish direction.
• Volatility expanded after 23:15 ET, with price nearing 2395.0 resistance.
• No clear divergence between price and turnover; buy-side confirmation ongoing.
Market Overview
Solana/Mexican Peso (SOLMXN) opened at 2357.0 on 2025-12-14 at 12:00 ET, reached a high of 2395.0, a low of 2332.0, and closed at 2385.0 on 2025-12-15 at 12:00 ET. The 24-hour volume totaled 31.844, while turnover amounted to roughly 75,300 MXN.
Structure & Formations
Price action formed a bullish reversal pattern around 2344.0 support, with a 2336.0 low followed by a strong recovery to 2395.0. This suggests traders may have taken long positions after the key support held. The 2382.0–2385.0 consolidation appears to be forming a potential base ahead of the 2395.0 level.
Moving Averages
On the 5-minute chart, the 20 and 50-period moving averages both trended upward in the latter half of the 24-hour period, indicating short-term bullish momentum. The 50-period line crossed above the 20-period at ~2374.0, reinforcing the upward bias.
MACD & RSI
MACD turned positive after the 2344.0 bounce, with a modest signal line crossing suggesting increasing bullish momentum. RSI moved into overbought territory above 65 as price climbed toward 2395.0, though it remains below the 70 threshold. This implies strong near-term buying pressure.
Bollinger Bands
Volatility expanded sharply after 23:15 ET, with price breaking above the upper band as it approached 2395.0. The widening bands suggest rising uncertainty or positioning ahead of a potential breakout.
Volume & Turnover
Volume remained low throughout most of the session but showed increased buying activity in the 2336.0–2344.0 range and during the 2342.0–2395.0 rebound. Turnover aligned with volume, offering confirmation of price action.
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Fibonacci Retracements
The 2332.0–2395.0 swing saw price reaching the 61.8% retracement level at ~2364.0 but bouncing higher to 2385.0. This suggests accumulation could be occurring in the 2360.0–2385.0 range.
In the next 24 hours, Solana/Mexican Peso may test the 2395.0 resistance for confirmation of a bullish trend. Investors should monitor for a sustained close above 2395.0, but also watch for signs of profit-taking or rejection at that level.
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