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Summary
• Price surged past 124.00, forming a bullish breakout with volume confirming strength.
• RSI overbought near 75, suggesting potential pullback ahead.
• Bollinger Bands showed widening volatility, aligning with key 125.00 resistance.
• Volume spiked during 08:15–16:30 ET, coinciding with a 126.19 high and sharp rally.
• A large bullish engulfing pattern formed at 125.04–125.16, indicating possible continuation.
Solana/Tether (SOLUSDT) opened at 122.99 on 2025-12-29 12:00 ET, surged to a high of 126.52, and closed at 125.67 on 2025-12-30 12:00 ET. The 24-hour volume was 1,140,471.115, with a turnover of approximately $143.78 million.

Key Fibonacci levels from the 122.90–126.52 swing show 124.32 (38.2%) and 125.16 (61.8%) as areas of interest. The price consolidated near the 61.8% level before closing above it, suggesting potential for a test of the 126.52–127.50 extension.
The current trajectory appears to favor continuation above 125.00, with 126.52 as the next key target. However, a pullback to test 124.00–124.20 could be imminent due to overbought conditions and a large doji at the top. Investors should remain cautious of short-term profit-taking and watch for volume confirmation during any potential break.
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