Market Overview for Solana/Yen (SOLJPY): December 18, 2025

Thursday, Dec 18, 2025 9:16 am ET1min read
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- Solana/Yen (SOLJPY) formed a bearish engulfing pattern early, signaling short-term weakness before a late-session rally to a 24-hour high.

- RSI entered overbought territory above 70, suggesting potential near-term pullback despite strong buying pressure and volume surges.

- Price closed above 5-minute moving averages and broke the upper Bollinger Band, indicating bullish momentum amid consolidation.

- Fibonacci analysis suggests potential targets above 19671.0, with a possible pullback to 19300.0–19400.0 as a key consolidation zone.

Summary
• Price formed bearish engulfing patterns in early ET hours, signaling short-term weakness.
• Volatility expanded late in the session, with a sharp 5-minute rally pushing price to a 24-hour high.
• RSI entered overbought territory, hinting at potential near-term pullback.

Solana/Yen (SOLJPY) opened at 19348.0 (12:00 ET − 1), reached a high of 19671.0, a low of 18909.0, and closed at 19558.0 (12:00 ET). Total 24-hour volume was 10,443.935, with a turnover of approximately 202,880,527.95 JPY.

Structure & Formations


A strong bearish engulfing pattern formed during the early ET session, followed by a series of lower highs and bearish consolidation until 14:00 ET. A sharp bullish reversal emerged in the final 75 minutes, with price rising above prior resistance and forming a potential three-wave bullish structure.

Moving Averages


On the 5-minute chart, price closed above the 20-period and 50-period moving averages, suggesting short-term bullish momentum. Daily moving averages (50/100/200) remain uncalculated in this report, but the 5-minute cross provides a near-term positive signal.

MACD & RSI


The 5-minute MACD crossed into positive territory during the late ET rally, confirming the momentum. RSI reached overbought levels above 70, suggesting potential for a near-term correction. However, the sustained rally indicates strong conviction among buyers.

Bollinger Bands


Volatility expanded sharply in the final hours of the session, with price breaking above the upper band. This expansion suggests a breakout attempt after a period of consolidation within the bands.

Volume & Turnover


Volume increased significantly in the final 90 minutes, particularly between 13:00 and 14:15 ET, confirming the late-session rally. Turnover surged alongside price, showing that the buying pressure was not just volume-based but also value-driven.

Fibonacci Retracements


Applying Fibonacci to the 5-minute swing from 18909.0 to 19671.0, price tested the 61.8% level (around 19367.0) and then pushed higher, potentially indicating a target near the 78.6% level or above.

Looking ahead, the price could test key resistance above 19671.0 in the next 24 hours, but a pullback to the 19300.0–19400.0 range should be considered as a potential consolidation zone. Investors should monitor for signs of weakening momentum or volume divergence.