Market Overview: Solana/Yen (SOLJPY) – 24-Hour Technical Analysis

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Dec 28, 2025 10:19 am ET1min read
SOL
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Aime RobotAime Summary

- SOLJPY formed bearish engulfing and bullish harami patterns with mixed momentum, as volume spiked during key breakouts.

- RSI hit overbought 72 mid-day before sharp decline below 50, while Bollinger Bands expanded then contracted during consolidation.

- Price tested 61.8% Fibonacci level (19435.0) twice without breakthrough, with 19500.0 resistance and 19400.0 support defining consolidation.

- 20-period MA acted as resistance as price failed to sustain above it, with market awaiting clear breakout above 19535.0 or breakdown below 19400.0.

Summary
• Price formed bearish engulfing and bullish harami patterns, suggesting mixed momentum.
• Volume spiked during key breakouts and breakdowns, confirming price direction.
• RSI showed overbought conditions mid-day, followed by a sharp pullback below 50.
• Bollinger Bands expanded in the morning before contracting mid-afternoon.
• 20-period MA acted as a resistance level, with price failing to hold above it for most of the session.

Solana/Yen (SOLJPY) opened at 19551.0 and fluctuated between 19388.0 (low) and 19535.0 (high) over the 24-hour period, closing at 19548.0 as of 12:00 ET. Total volume stood at 1,445.34 with a turnover of 28,584,051.84.

Structure & Formations


Price action showed a bearish engulfing pattern during the early morning, followed by a bullish harami in the mid-day, indicating indecision and potential reversals. A key support level appeared near 19400.0, with resistance forming around 19500.0. A doji appeared at 05:45 ET, signaling a temporary pause in bearish momentum.

MACD & RSI



The MACD line crossed below the signal line in the morning, suggesting bearish momentum, but reversed mid-day as price rallied. RSI moved into overbought territory at 72 during the 11:15–12:00 ET period, then fell sharply back below 50, reflecting a sell-off and increased bearish pressure.

Bollinger Bands


Bollinger Bands widened in the early hours as volatility increased, before narrowing mid-afternoon as price consolidation took over. Price spent most of the session within the bands but broke above the upper band during a strong rally at 11:15 ET.

Volume & Turnover


Volume spiked at 11:15 ET and 14:30–14:45 ET, confirming price increases during those intervals. Turnover mirrored volume patterns, with the largest spike coinciding with the 19535.0 high. No clear divergence was observed between volume and price action.

Fibonacci Retracements

Key retracement levels were observed between 19388.0 (low) and 19535.0 (high). Price tested the 61.8% level (19435.0) twice, failing to break through, and found temporary support at the 38.2% level (19467.0).

Price appears to be consolidating ahead of a potential breakout, with 19500.0 offering initial resistance and 19400.0 as a near-term support. Investors may want to watch for a sustained close above 19535.0 or a breakdown below 19400.0 as signals of the next directional move. Volatility and volume suggest an active market ahead.