Market Overview for Solana/Tether (SOLUSDT): Key Reversal and Volatility on Display

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 18, 2026 12:33 pm ET1min read
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Aime RobotAime Summary

- SOLUSDT formed a bearish engulfing pattern near $144.50, signaling potential reversal amid 1.6% price drop and 12% turnover surge.

- Bollinger Bands widened 21:00-04:00 ET, reflecting heightened volatility as price clung to lower bands despite oversold RSI below 30.

- Daily volume exceeded 400,000

SOL
during 03:00-08:00 ET, yet price drifted lower, showing bearish divergence and weak momentum.

- Key support at $142.10-142.20 holds, but break below $141.50 could accelerate decline, with 61.8% Fibonacci level at $141.00 next defense.

Summary
• Price formed a bearish engulfing pattern near $144.50, suggesting possible reversal.
• Volatility expanded after 21:30 ET with a 1.6% price drop and a 12% increase in turnover.
• Bollinger Bands widened, indicating rising uncertainty and potential for a breakout.
• RSI entered oversold territory below 30, hinting at a potential rebound, but momentum remains weak.
• Daily volume surged above 400,000 SOL, but price drifted lower, showing divergence.

Solana/Tether (SOLUSDT) opened at $143.87 on 2026-01-17 at 12:00 ET, peaked at $144.51, and closed at $142.39 on 2026-01-18 at 12:00 ET with a low of $141.50. Total volume reached 343,325.8 SOL, and notional turnover was $46.9M.

Structure & Formations


A bearish engulfing pattern emerged around $144.50 on the 5-minute chart, following a small bullish candle. This pattern suggests a possible reversal at that level. A doji formed around $142.20 in the morning, signaling indecision. Support appears to hold at $142.10–142.20, with a recent breakout below the $142.50 psychological level.

Moving Averages


On the 5-minute chart, the 20-period MA is bearish, trending lower and lagging price. The 50-period MA confirms the bearish bias. On the daily chart, the 200-period MA appears to act as dynamic resistance, with price currently below both the 50 and 100-period MAs.

MACD & RSI


The MACD turned negative after 20:30 ET, confirming the downward shift in momentum. RSI dropped below 30 after 02:00 ET, indicating oversold conditions, but a rebound has failed to generate significant buying interest.

Bollinger Bands


Bollinger Bands expanded significantly between 21:00 and 04:00 ET, reflecting increased volatility. Price traded near the lower band for much of the overnight session, hinting at a potential rebound, though bearish pressure remains.

Volume & Turnover


Volume surged above 400,000 SOL during the 5-hour window from 03:00 to 08:00 ET, coinciding with a 1.7% price drop. Turnover also spiked during this period, suggesting liquidity support was tested but not decisively broken. A divergence emerged as volume increased but price continued lower.

Fibonacci Retracements


On the 5-minute chart, the 50% retracement of the $142.30–$144.51 swing at $143.40 appears to be a key level, with price testing this area multiple times. On the daily chart, the 61.8% retracement level at $141.00 could act as a next line of defense.

Price appears to be consolidating below key resistance levels, with bearish momentum still intact. A test of the $142.00 support could trigger a short-term bounce, but a break below $141.50 might accelerate the decline. Investors should remain cautious of further downside volatility over the next 24 hours.