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Summary
• Price drifted lower on mixed volume, with a key low forming near 1.678e-05.
• Momentum weakened as RSI declined below 40, suggesting bearish pressure.
• A bearish engulfing pattern formed around 1.701e-05, reinforcing downward bias.
• Volatility remained constrained within Bollinger Bands, with no major expansion observed.
Solv Protocol/BNB (SOLVBNB) opened at 1.712e-05 on 2025-12-29 at 12:00 ET, reached a high of 1.712e-05, a low of 1.678e-05, and closed at 1.681e-05 on 2025-12-30 at 12:00 ET. Total volume was 10,033,759.0, while notional turnover was 170.36266825.
Structure & Formations
The 24-hour chart displayed a clear bearish bias with price forming a lower low near 1.678e-05. A bearish engulfing pattern appeared around 1.701e-05, signaling possible continuation of the downtrend. Support may form around 1.678e-05, with a potential retest of that level expected in the next 24 hours.
Indicators
MACD showed a bearish crossover with a negative histogram, while RSI declined steadily below 40, indicating weakening bullish momentum. Bollinger Bands remained tightly wrapped around the price action, suggesting low volatility.

Volume and Turnover
Trading volume increased significantly during the key bearish move from 1.701e-05 to 1.678e-05, confirming the bearish sentiment. Turnover spiked during this period as well, suggesting meaningful participation. No divergence between volume and price action was observed, supporting the integrity of the downtrend.
Fibonacci Retracements
On the 5-minute chart, price appears to have tested the 61.8% Fibonacci level during the drop from 1.712e-05 to 1.678e-05. A bounce or retest near this level may provide short-term structure for traders looking to assess continuation or reversal signals.
The price could test the 1.678e-05 support level in the coming 24 hours, with a potential break leading to a test of the 1.665e-05 level. Investors should watch for a possible bear trap near 1.69e-05 and be cautious of sudden volume spikes that could signal distribution or accumulation.
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