Market Overview for Solana/Tether (SOLUSDT) on 2026-01-10

Summary
• Price consolidated between $135.8 and $136.7, with a bearish rejection at $136.75.
• Volume surged during the $136.0–136.65 range, confirming consolidation.
• RSI remains neutral, while MACD shows fading bullish momentum.
• Bollinger Bands tightened mid-day, suggesting potential for a breakout.
• Fibonacci levels at $136.0 and $136.45 indicate possible near-term turning points.

The pair opened at $139.45 and traded between $135.75 and $138.63 before closing at $136.58 at 12:00 ET. Total volume reached 1,296,156.37 SOL, with a notional turnover of $175,267,103.94.

Structure & Formations

Price found support around $136.0 and $136.45, forming a tight consolidation pattern. A bearish rejection at $136.65 was marked by a long upper wick. No clear reversal patterns emerged, but a potential bullish engulfing pattern formed as price retested $136.15.

Moving Averages

Short-term 20-period and 50-period moving averages on the 5-minute chart converged near $136.3–136.4, supporting the consolidation range. Daily MAs (50/100/200) were higher, suggesting longer-term bullish bias may not yet be invalidated by intraday action.

MACD & RSI

MACD crossed below the zero line during the morning selloff, reflecting bearish momentum, but showed no clear divergence. RSI remained in the 45–55 range, indicating balanced buying and selling pressure with no overbought or oversold conditions.

Bollinger Bands

Volatility decreased mid-day with a narrowing of Bollinger Bands, particularly between 04:00 and 06:00 ET. Price broke above the upper band briefly in the afternoon before retreating, suggesting a potential breakout could be near.

Volume & Turnover

Volume increased significantly during the 10:00–11:00 ET hour as price rose to $136.82–137.05, with turnover confirming the move. Divergence appeared in the late afternoon, with high volume but minimal price movement, hinting at a possible pause in trend.

Fibonacci Retracements

A key 5-minute swing from $135.75 to $137.05 saw price consolidate near the 38.2% retracement at $136.45 and the 61.8% level at $136.12. These levels are likely to remain relevant in the next 24 hours.

Over the next 24 hours, a break above $136.75 could signal a test of the $137.05 level, while a drop below $136.0 may trigger further support tests at $135.75. Investors should remain cautious about divergence in volume and momentum indicators, as they could foreshadow a reversal.