Market Overview for Solana/Tether (SOLUSDT)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Tuesday, Dec 23, 2025 12:27 pm ET1min read
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Aime RobotAime Summary

- Solana/Tether (SOLUSDT) fell to 122.68, breaking key support at 124.35 with increased bearish momentum confirmed by surging volume.

- MACD turned negative and RSI hit 29, indicating short-term oversold conditions amid widened Bollinger Bands showing heightened volatility.

- Fibonacci retracements highlight 122.78 as immediate support, with further decline possible toward 121.64 if this level fails.

- Price remains below 5-minute moving averages, with bearish bias reinforced by sustained volume spikes during key breakdowns.

Summary
• Price fell from 127.86 to 122.68, breaking below key support near 124.35 and into oversold territory.
• Volume surged on the breakdown, confirming bearish momentum.
• Bollinger Bands expanded as volatility increased, aligning with a sharp downward move.
• MACD turned negative, while RSI hit 29, indicating short-term oversold conditions.
• Fibonacci retracements suggest potential bounce near 122.78 or further decline toward 121.64.

At 12:00 ET, Solana/Tether (SOLUSDT) closed at 122.68 after opening at 127.64, with a high of 127.86 and a low of 122.16. Total 24-hour volume was 1,353,488.88 and turnover amounted to $169.04M, marking a bearish continuation as price action moved decisively lower.

Structure & Formations


Price broke below a prior support level of 124.35, forming a bearish engulfing pattern and a long lower shadow at 122.68.
The breakdown below key Fibonacci support levels—particularly the 61.8% retracement of the 124.38–126.04 swing—suggests increased bearish pressure.

Moving Averages


On the 5-minute chart, the price closed below its 20-period and 50-period moving averages, confirming a short-term downtrend. Daily averages remain neutral, with the 50-period line at ~126.20 and the 200-period at ~123.80.

Momentum and Volatility


MACD turned negative from a weak positive, while RSI fell into oversold territory at 29, signaling a potential pause or pullback. Bollinger Bands showed a widening trend, consistent with increased volatility. Price remains below the lower band, amplifying bearish bias.

Volume and Turnover


Volume surged on the breakdown, with several 5-minute candles exceeding 90,000 SOL in turnover, including a notable 131,138.416 volume at 123.81. Turnover spiked during the key breakdowns from 124.62 to 123.05, confirming conviction in the bearish move.

Fibonacci Retracements


The 61.8% retracement of the 124.38–126.04 move is at 122.78 and may provide initial support. A break below that could target 121.64 as the next Fibonacci level.

In the next 24 hours, a test of 122.78 could spark a short-term bounce, but a failure to hold that level may lead to further downside. Investors should remain cautious of increased volatility and the potential for a continuation of the bearish trend.