Market Overview for Solv Protocol (SOLVUSDT) – 24-Hour Analysis

• Solv Protocol consolidates near 0.04385–0.04405 range, failing to break out decisively.
• Momentum remains neutral with RSI hovering around 50; no overbought or oversold signals.
• Volatility dipped post-12:00 ET but picked up late morning to midday as volume expanded.
• Key 15-min support at 0.0438–0.04385 and resistance at 0.04405–0.04410 confirmed.
• No strong divergences between price and turnover observed, suggesting balanced order flow.

Solv Protocol (SOLVUSDT) opened at 0.04407 on 2025-08-23 12:00 ET and traded within a 0.0438–0.04413 range, reaching a high of 0.04413 and a low of 0.0436 before closing at 0.04319 on 2025-08-24 12:00 ET. Total volume was 12.09 million contracts, with notional turnover of approximately $534,600.

Structure & Formations

Price consolidated in a tight range between 0.0438 and 0.04408 for most of the session, with bearish pressure emerging after 0.04385, particularly during early morning hours (ET). Notable bearish patterns, including gravity candles and bearish haramis, appeared around 0.04385, signaling resistance to the upside. A bullish engulfing pattern emerged briefly near 0.04406 but failed to hold amid increased bearish volume. A doji at 0.04405 suggests indecision.

Moving Averages

On the 15-minute chart, the price remained just below the 20-period MA, indicating a weak bullish bias. The 50-period MA acted as resistance between 0.04395 and 0.04403. On a daily basis, price remains below both 50 and 200-day MAs, suggesting a broad bearish trend remains intact.

MACD & RSI

The MACD remained near the zero line for most of the session, with occasional bearish crossovers in the early hours. RSI oscillated between 40 and 60, indicating neutral momentum with no strong overbought or oversold signals. A brief RSI dip to 40 in late morning suggested minor oversold conditions, but price failed to find support.

Bollinger Bands

Volatility was modest during the first half of the session, with price staying within the middle and upper Bollinger Bands until a sharp drop pulled it into the lower band by 03:00 ET. The bands contracted slightly in the early morning before a late midday expansion occurred with increased volume, indicating potential volatility ahead.

Volume & Turnover

Volume spiked sharply between 02:00 and 04:00 ET as price dropped from 0.04395 to 0.0436, aligning with bearish momentum. Turnover expanded during the decline but remained moderate in the final hours, indicating reduced speculative interest. A positive price-turnover convergence occurred during the early morning bear wave, reinforcing bearish momentum.

Fibonacci Retracements

Recent 15-minute swings show 38.2% retracement at 0.04395 and 61.8% at 0.04383, both of which acted as temporary levels of resistance or support. On the daily chart, the 61.8% retracement from the recent high (0.04413) is around 0.0436, which aligns with the key support zone observed during the 02:00–04:00 ET price drop.

Looking ahead, Solv Protocol may test key support at 0.0436–0.0438 if bearish momentum persists. A retest of 0.04405 could follow if buyers emerge, but any bearish breakout below 0.0436 may invite further downside. Investors should remain cautious and watch for divergences or volume spikes that could signal a reversal.