Market Overview for Solana/Tether (SOLUSDT)

Summary
• Price tested key resistance at $133.45 before retracting, forming a potential bearish reversal pattern.
• Volume surged during the late ET session, indicating increased conviction in short-term price movements.
• RSI remained in neutral territory, suggesting momentum is balanced but could tip either way.
• Volatility expanded early in the session, with price oscillating between $131.03 and $134.21.
• Bollinger Bands showed a moderate expansion, with price currently resting near the midline, hinting at consolidation.

24-Hour Market Summary

Solana/Tether (SOLUSDT) opened at $132.07 on 2025-12-12 at 12:00 ET, reached a high of $134.21, touched a low of $131.03, and closed at $133.17 on 2025-12-13 at 12:00 ET. Total volume across the 24-hour window was 1,556,132.37 SOL, with a notional turnover of approximately $207,563,900.

Structure & Formations

Price exhibited a bearish engulfing pattern near $133.41–$133.72, following a failed attempt to break above a key resistance cluster around $133.50–$134.00. A potential support level is forming near the 20-period moving average at $132.85, where price has shown consolidation multiple times. A doji formed near $132.80 at 01:45 ET, signaling indecision, while a strong bearish pinbar at $133.72–$133.55 suggested rejection of higher prices.

Moving Averages

On the 5-minute chart, price has settled just above the 20-period SMA at $132.90 and below the 50-period SMA at $133.05, indicating a potential shift in momentum. On the daily chart, the 50-period SMA is around $132.70, the 100-period at $132.50, and the 200-period at $132.30—suggesting a possible continuation of the longer-term bullish trend if price holds above $132.50.

Momentum & Volatility Indicators

The 12-period MACD crossed below the signal line in the late ET hours, signaling bearish momentum, while the histogram showed a moderate decline in bullish force. RSI remained in the 50–60 range, with no strong overbought or oversold signals, indicating a neutral momentum phase. Bollinger Bands expanded to a width of $2.39, with price currently near the midline, suggesting a period of consolidation may be in place.

Volume and Turnover

Volume spiked during the 8:30 AM–9:30 AM ET session with the peak at $134.00–$133.55, where 73,213.704 SOL was traded. Notional turnover reached $9,782,885 during this period, coinciding with a key pullback from the intraday high. A divergence was observed between price and volume during the 5:30–6:00 AM ET session, where price rose slightly but volume declined, indicating weakening buyer participation.

Fibonacci Retracements

Applying Fibonacci to the key 5-minute swing from $131.03 to $134.21, price is currently testing the 61.8% level at $133.09–$133.30.

On the daily chart, the 50% retracement level is near $133.45, which has historically acted as a pivot point for both bullish and bearish reversals.

Forward-Looking Outlook and Risk

Looking ahead, traders may watch the 61.8% Fibonacci and Bollinger midline for clues on whether consolidation will lead to a breakout or breakdown. A retest of $133.45 could trigger renewed volatility, especially if volume rises again. Investors should remain cautious as price sits in a tight range and any significant news or macroeconomic event could shift the narrative quickly.