Market Overview for Solana/Yen (SOLJPY)

Generated by AI AgentAinvest Crypto Technical RadarReviewed byAInvest News Editorial Team
Sunday, Jan 18, 2026 10:52 am ET1min read
SOL
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Aime RobotAime Summary

- Solana/Yen (SOLJPY) fell 1.7% in 24 hours, breaking below key support at 22773.0 with a bearish engulfing pattern confirming the downtrend.

- Volume surged near 22483.0 as price hit oversold RSI (~28) and expanded Bollinger Bands, signaling high volatility and potential consolidation.

- A potential bullish reversal forms at 22483.0 with accumulation signs, while Fibonacci levels highlight 22668.0 as critical short-term support/resistance.

- Mixed sentiment emerges as turnover failed to confirm price moves, with traders monitoring 22500 and 22668.0 for directional bias confirmation.

Summary
• Price dropped sharply in overnight trading after hitting intraday highs of 22896.0 before consolidating lower.
• Volume surged near the bottom, suggesting accumulation as price fell below key support at 22500.
• RSI shows oversold conditions, but divergence with price suggests caution ahead of a potential rebound.
• Bollinger Bands expanded with recent volatility, indicating a phase shift in market sentiment.
• Key 5-minute patterns include a bearish engulfing on 2026-01-17 223000 and a potential bullish reversal forming near 22483.0.

Solana/Yen (SOLJPY) opened at 22790.0 on 2026-01-17 12:00 ET, reached a high of 22896.0, and closed at 22551.0 on 2026-01-18 12:00 ET after falling to an intraday low of 22483.0. Total 24-hour volume was 2192.899, with a notional turnover of ~55,013,063.97 Yen.

Structure and Key Levels


Price action over the last 24 hours formed a distinct bearish bias, with a strong breakdown below the 22773.0 support level. A bearish engulfing pattern appeared at 223000 on 2026-01-17 as price moved from 22844.0 to 22769.0, confirming the shift. A potential bullish reversal is forming near 22483.0, where volume surged and price halted further decline, suggesting short-term accumulation.

Moving Averages and Momentum


On the 5-minute chart, the 20-period MA is bearish with price below both 20 and 50 lines. MACD showed a negative crossover earlier in the session, reinforcing bearish momentum. RSI has entered oversold territory (~28) but failed to show a strong rebound, indicating potential divergence and caution ahead.

Volatility and Bollinger Bands


Bollinger Bands widened significantly during the overnight selloff, with price reaching the lower band at 22483.0. This suggests a period of high volatility and a potential consolidation phase ahead. The expansion in volatility may signal a retesting of key levels before a directional bias emerges.

Volume and Turnover


Volume spiked sharply after the 22500 level was broken, with over 193,000 Yen traded during the session between 01:15 and 01:30 ET. This suggests heavy selling pressure but also signs of accumulation near the 22483.0 level. However, turnover did not fully confirm the price move, pointing to mixed sentiment.

Fibonacci Retracements


Fibonacci levels drawn from the recent high of 22896.0 to the low of 22483.0 highlight key retracement levels. Price appears to find short-term support at the 38.2% level (22668.0), which could become a pivot for near-term traders. A break below 22483.0 would likely trigger further declines to the 61.8% level at 22571.0.

Looking ahead, a potential bounce from 22483.0 appears likely, but traders should watch for a break of 22500 to confirm a short-covering rally. A retest of the 22668.0 level could signal a short-term reversal, but bearish momentum remains intact for now. Investors should watch for confirmation via volume and RSI before committing to long positions.