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Summary
• Price action shows a late-night breakout with a strong bullish bias in the last 6 hours.
• Volume surged over 40,000 BTC equivalents at the peak, confirming the upward move.
• RSI and MACD indicate strong momentum, though signs of overbought conditions emerged after 04:00 ET.
• Bollinger Bands widened significantly, reflecting increased volatility.
• Fibonacci retracement levels suggest potential pullback support near 2.11–2.13e-06.
The Solayer/Bitcoin (LAYERBTC) pair opened at 1.89e-06 on 2025-12-24 12:00 ET, hit a high of 2.46e-06, a low of 1.89e-06, and closed at 2.24e-06 on 2025-12-25 12:00 ET. Total volume reached 153,164.04 BTC, with notional turnover amounting to approximately 345 BTC equivalents (at $68,000 BTC/USD).
Structure & Formations
Price action revealed a strong bullish breakout starting at 00:15 ET, breaking above a key resistance cluster near 2.1e-06 and pushing toward 2.46e-06. A large bullish engulfing pattern formed at the 00:15–00:30 ET interval, confirming a shift in sentiment.

Moving Averages and Oscillators
The 5-minute 20/50 MA lines accelerated upward, aligning with the sharp price move. RSI spiked over 70 by 06:00 ET, indicating overbought conditions, while MACD showed strong positive divergence with a bullish crossover and expanding histogram. Divergence between price and RSI may signal a pullback ahead.
Volatility and Volume Analysis
Bollinger Bands expanded dramatically between 00:15 and 09:00 ET, reflecting increased volatility. A volume spike of over 42,000 BTC occurred at 09:00 ET, confirming the bullish move. Notional turnover rose in tandem with volume, showing no divergence between price and activity. The market appears to be in a self-reinforcing bullish phase but could consolidate as RSI suggests overbought conditions.
Fibonacci Retracements
Fibonacci levels drawn from the 1.89e-06 low and 2.46e-06 high indicate key support at 2.19e-06 (38.2%), and 2.13e-06 (61.8%). Price action briefly tested and held above 2.13e-06, suggesting strength. A retest of these levels may occur in the next 24 hours, with 2.11e-06 and 2.09e-06 as next potential support targets.
The market may consolidate within 2.13e-06 to 2.28e-06 in the near term, testing the 38.2% Fib level. Investors should remain cautious of potential overbought pullbacks, particularly if volume begins to contract.
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