Market Overview: Solana/Mexican Peso (SOLMXN) - 24-Hour Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Monday, Dec 22, 2025 8:24 am ET1min read
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- SOLMXN formed a bullish engulfing pattern, breaking above 2272 MXN resistance after testing key support at 2256 MXN overnight.

- RSI remained neutral near 50 while Bollinger Bands widened slightly, with muted volume showing occasional spikes during price swings.

- Price consolidated near 2290 MXN resistance, with Fibonacci levels at 2278-2282 MXN and the 50-day MA at 2275 MXN providing near-term directional guidance.

- Market analysis suggests potential for a 2311 MXN target if buyers hold above 2290 MXN, or a 2256 MXN retest if sellers dominate below 2272 MXN.

Summary
• SOLMXN formed a bullish engulfing pattern late evening, suggesting potential reversal.
• RSI remained neutral near 50, indicating balanced momentum with no clear overbought or oversold signals.
• Volatility expanded slightly during the overnight session, with Bollinger Bands widening.
• Volume was generally muted, with only a few spikes aligning with price swings.
• Price found support around 2256 MXN and broke above key resistance at 2272 MXN overnight.

The 24-hour period for Solana/Mexican Peso (SOLMXN) opened at 2267 MXN and closed at 2290 MXN, with a high of 2311 MXN and low of 2256 MXN. Total volume was 20.454 SOL and turnover amounted to approximately 51,120 MXN.

Structure and Key Levels


Price action revealed a key support level forming around 2256 MXN, tested twice before a bullish rebound. Resistance at 2272 MXN was decisively broken, followed by a retest and consolidation. A bearish rejection occurred near 2290 MXN, where price paused before closing. Notable patterns included a bullish engulfing candle and a potential bearish doji at the session’s peak.

Momentum and Volatility


MACD remained near the zero line with a narrowing histogram, suggesting a balance of bearish and bullish momentum. RSI hovered near 50, reflecting this equilibrium.
Bollinger Bands showed mild expansion during the overnight hours, particularly between 03:15 ET and 05:30 ET. Price action stayed within the bands, with no signs of a breakout pattern yet.

Volume and Turnover Analysis


Trading volume was relatively low for most of the session, with noticeable spikes at 00:30 ET, 02:15 ET, and 08:30 ET. These increases coincided with directional moves, indicating some level of conviction in the price action. Turnover followed volume closely, aligning with key support and resistance interactions, but no significant divergence was observed.

Fibonacci Retracements


Using the swing from 2256 MXN to 2311 MXN, 2278 MXN aligned with the 38.2% retracement level and acted as a minor support. The 61.8% retracement at 2282 MXN may become relevant in the near term. On the daily chart, the 50-day moving average provided a psychological floor at 2275 MXN, which held during the consolidation phase.

Price appears to be in a transitional phase, with buyers stepping in above 2272 MXN and sellers testing 2290 MXN. Over the next 24 hours, a break above 2290 MXN could target 2311 MXN as the next key resistance, while a drop below 2272 MXN may test 2256 MXN again. Investors should remain cautious of potential short-term volatility.