Market Overview for Solana/Tether (SOLUSDT)

Summary
• Price tested 133.37 high before consolidating near 133.22.
• Volume surged during the late ET session, confirming strength near key levels.
• RSI shows moderate momentum, no overbought/oversold extremes.
• Bollinger Bands widen, suggesting increased short-term volatility.
• A bullish engulfing pattern emerged near 132.5–132.75.

24-Hour Performance

Solana/Tether (SOLUSDT) opened at 132.21 on 2025-12-05 at 12:00 ET, reached a high of 133.37, and closed at 133.22 on 2025-12-06 at 12:00 ET, with a low of 131.18. Total volume over the 24-hour period was 1,083,638.61, with a notional turnover of approximately $143,648,722 (based on weighted average price and volume).

Structure & Formations

Price action showed a bullish engulfing pattern in the 132.5–132.75 range during the early hours of the session, suggesting short-term buyers stepped in after a period of consolidation. A minor bearish divergence formed around 133.37 as volume waned near the high, but price held above key support at 132.5. Resistance appears to be consolidating near 133.3–133.4, with Fibonacci retracement levels indicating potential pullbacks to 132.73 (38.2%) and 132.4 (61.8%).

Trend and Momentum Indicators

The 5-minute MACD lines crossed into positive territory during the late ET session, suggesting renewed upward momentum. RSI remained within neutral levels throughout the period, avoiding overbought territory, which may indicate that the rally is still in early innings. On the daily chart, the 50-period MA appears to be aligning with the 200-period MA, suggesting a potential shift in trend.

Volatility and Bollinger Bands

Bollinger Bands expanded significantly in the late ET hours, reflecting heightened volatility. Price remained above the 20-period moving average for most of the session, with the last close near the upper band. This suggests a potential continuation of the upward move, although a pullback into the middle band could provide a stronger entry point for buyers.

Volume and Turnover Analysis

Volume spiked in the 22:00–04:00 ET timeframe, especially around the 133.0–133.25 range, confirming strong accumulation. Notional turnover increased in step with volume, indicating aligned price and volume action. A divergence occurred briefly near the session high, but it was not strong enough to signal a reversal.

Price may continue to test the 133.4–133.5 level in the next 24 hours, with potential for a pullback into key support at 132.7–132.8. Traders should watch for confirmation of a break above 133.4 or a rejection below 132.5 for clearer directional bias.