Market Overview: Solana/Tether (SOLUSDT) on 2025-12-08

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Monday, Dec 8, 2025 1:08 pm ET1min read
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- Solana/Tether (SOLUSDT) surged to $138.90 on 2025-12-08, driven by rising volume and bullish momentum after breaking above $136.0 resistance.

- RSI signaled overbought conditions near $138.90 while Bollinger Bands expanded, reflecting heightened volatility during the sharp breakout.

- Price consolidated near 61.8% Fibonacci retracement at $136.40, with traders monitoring potential pullbacks as momentum indicators show divergence.

Summary
• Price surged from $130.85 to $138.90 amid rising volume and bullish momentum.
• Key resistance near $138.75–$139.36 and support near $135.0–$134.96 were tested.
• RSI signaled overbought conditions near $138.90, suggesting potential pullback.
• Volatility expanded during sharp breakouts, with Bollinger Bands reflecting increased dispersion.
• Fibonacci retracements indicated potential consolidation near 61.8% at $136.40.

Solana/Tether (SOLUSDT) opened at $130.85 on 2025-12-07 at 12:00 ET, reached a high of $138.90, a low of $130.57, and closed at $135.60 on 2025-12-08 at 12:00 ET. Total volume for the 24-hour period was 2,204,221.06 SOL, while notional turnover was approximately $304,639,385.

Structure & Candlestick Formations


Price broke above a key resistance level near $136.0, followed by a strong bullish breakout to $138.90 on the 5-minute chart, marked by a long white candle and engulfing pattern.
A bearish dark cloud cover formed at the top near $138.90–$138.74, signaling early caution. A series of smaller bodies with long wicks from $135.0–$136.5 suggest indecision and potential consolidation ahead.

Moving Averages


On the 5-minute chart, the 20SMA and 50SMA were both bullish, trailing above $135.0 and confirming the recent upward momentum. On the daily chart, the 50DMA and 200DMA showed a slight bearish divergence as prices closed below the 200DMA, though the 50DMA remained in supportive alignment with the bullish trend.

Momentum Indicators (MACD & RSI)


MACD showed a strong positive crossover in the early morning, reinforcing the bullish breakout. RSI peaked above 75 near $138.90, indicating overbought conditions, while the oscillator started to show signs of divergence with price by 14:00–15:00 ET. A bearish RSI pullback suggests traders should monitor for a short-term correction.

Bollinger Bands


Bollinger Bands expanded significantly as price surged from $135.0 to $138.90, with the close on 2025-12-08 at $135.60 sitting just below the midline. The volatility contraction earlier in the 24-hour period hinted at a breakout, which materialized with the bullish move.

Volume and Turnover


Volume surged during the breakout phase, peaking at 106,411.211 SOL at 09:15 ET, confirming the move higher. Turnover and volume showed strong alignment during the rally but began to diverge slightly in the afternoon as price pulled back, hinting at weakening conviction.

Fibonacci Retracements


On a recent 5-minute swing from $130.57 to $138.90, key retracement levels were $136.39 (61.8%) and $137.57 (38.2%). Price has since consolidated near the 61.8% level, suggesting a potential support zone for the next 24 hours.

Over the next 24 hours, the market may test the $138.0–$138.50 range for re-entry, depending on the strength of the pullback. Traders should remain cautious as overbought conditions and divergences in momentum indicators suggest a period of consolidation or potential bearish reversal could follow.