Market Overview for Solana/Mexican Peso (SOLMXN)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 4, 2026 9:49 am ET1min read
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Aime RobotAime Summary

- SOLMXN broke above 2403.0 MXN with rising volume, confirming bullish momentum after 5-hour consolidation.

- RSI entered overbought territory (70+) and Bollinger Bands expanded, signaling heightened volatility and potential near-term pullback.

- Key resistance at 2419.0 MXN and support at 2400.0 MXN identified, with bullish engulfing pattern suggesting continued upward pressure.

- 20/50-period moving averages remain bullish, while Fibonacci retracements highlight 2412.0 MXN as critical test level.

Summary
• SOLMXN formed a bullish breakout above 2403.0 MXN, with rising volume confirming strength.
• RSI crossed into overbought territory, suggesting potential for near-term consolidation.
• Bollinger Bands expanded after a period of contraction, indicating increased volatility.
• Key resistance now at 2419.0 MXN, with support at 2400.0 MXN holding during the morning session.
• A bullish engulfing pattern formed after a 5-hour consolidation period around 2403.0 MXN.

Market Overview

Solana/Mexican Peso (SOLMXN) opened at 2359.0 MXN on 2026-01-03 at 12:00 ET. The pair reached a high of 2426.0 MXN and a low of 2359.0 MXN during the 24-hour window, closing at 2403.0 MXN on 2026-01-04 at 12:00 ET. Total volume was 63.414 SOL, and notional turnover was 143,256.88 MXN.

Structure & Formations


A key breakout above 2403.0 MXN has formed, following a 5-hour consolidation period. This level appears to be the first major resistance, now converted into a psychological support. A bullish engulfing pattern confirmed the breakout, and the price is currently in a bullish phase, with a potential test of 2419.0 MXN as the next resistance.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages are both bullish, with price above both. On a broader scale, the 50-period daily MA appears to be in alignment with the 100 and 200-period lines, supporting a continuation of the upward trend.

Momentum & Volatility


The 14-period RSI has climbed into overbought territory (above 70), indicating that a pullback or sideways consolidation may occur. Bollinger Bands have expanded following a period of contraction, suggesting increased volatility and active market participation.

Volume and Turnover


Volume and turnover spiked during the breakout above 2403.0 MXN, particularly during the 031500 to 061500 ET window. This confirms the breakout’s strength. However, volume has since dropped off, suggesting some exhaustion in the short-term upward move.

Fibonacci Retracements


The most recent 5-minute swing shows a key 61.8% retracement level at 2412.0 MXN, which the price briefly tested. On the daily chart, the 38.2% Fibonacci level at 2395.0 MXN held as support before the price rebounded.

SOLMXN may continue to consolidate near 2403.0 MXN before testing 2419.0 MXN. A breakout above this level would signal a broader bullish trend, but a retest of the 2400.0 MXN level could trigger further volatility. Investors should watch for signs of weakening momentum or divergences in volume.