Market Overview for Solana/Tether (SOLUSDT)

Summary
• Price surged 24 hours to a high of $133.89 before retreating to close near $130.48.
• Key resistance around $132.2–$132.8 held multiple times with bearish divergences.
• High volume spikes during pullbacks suggest continued institutional participation.
• Volatility expanded in the final 4 hours, breaking below the 50-period MA on 5-min chart.
• RSI entered oversold territory near close, indicating possible near-term bounce potential.

At 12:00 ET on 2025-12-15, Solana/Tether (SOLUSDT) opened at $130.82, reached a high of $133.89, and closed at $130.48 after hitting a low of $125.57. Total volume was 1.78 million SOL with a turnover of $239.8 million in the last 24 hours.

Structure & Formations

Price formed a series of bearish engulfing patterns above $132.2–132.8, especially in the early morning hours, signaling rejection of higher levels. A large bearish candle closed the 24-hour period below the 20-period and 50-period moving averages on the 5-minute chart, suggesting short-term bearish continuation.

Moving Averages and Fibonacci

The 50-period and 20-period moving averages on the 5-minute chart both crossed below the price during the final hours, reinforcing bearish momentum. On the daily chart, the 50-period and 100-period lines are near $132.50 and $131.50, respectively. Price appears to have found initial support near the 38.2% Fibonacci retracement level of the $125.57–$133.89 move.

Momentum and Volatility

Relative Strength Index (RSI) dipped below 30 toward the close, hinting at potential oversold conditions and short-term buying interest. MACD showed a bearish crossover with the signal line in late morning, confirming the downward shift in momentum. Volatility, as measured by Bollinger Bands, expanded during the afternoon and evening session, with price closing near the lower band.

Volume and Turnover

Volume spiked during the late afternoon hours, particularly around 15:00–16:00 ET, with large red candles confirming bearish sentiment. Notional turnover also surged during this period, reflecting heightened liquidity and selling pressure. Divergence between price and volume was minimal, suggesting a relatively orderly correction without signs of forced liquidation.

The market appears to be in a consolidation phase following the sharp correction below $130. A retest of the $129.50–$130.00 range could be imminent, with potential for a short-term bounce if the $128.20 support level holds.

Investors should remain cautious of a deeper pullback into $126.74–$127.54 if short-term buyers fail to step in.