SOLARS Market Overview for 2025-09-26

• Price action was bearish with a 3.8% decline from 281,966 to 273,517 over 24 hours.
• Volatility surged during sharp moves from 286,993 to 270,503 and 282,298 to 273,517.
• RSI signaled overbought conditions during a 27–minute rally to 286,993 before reversing.
• Volume spiked during key reversals but remained low in consolidation phases.
• Key support held at 273,000 and 269,869, with no major resistance broken during the period.

Market Summary

Over the past 24 hours, Solana/Argentine Peso (SOLARS) traded between 270,190 and 286,993, with a daily open of 281,966 and close of 273,517 at 12:00 ET. Total volume amounted to 55.899, while total turnover was approximately $15.7 million. The market displayed bearish bias with sharp intraday swings and a notable breakdown after reaching a high of 286,993.

Structure & Formations

The candlestick pattern during the early morning (2025-09-26 02:00–04:45) indicated strong bearish momentum, especially around 278,500 and 277,120, where multiple doji and long bearish bodies signaled indecision and selling pressure. A deep bearish engulfing pattern formed from 278,500 to 277,120, confirming the downward shift. The price found critical support at 273,000 and 269,869, with a potential test of 268,617 looming as a key psychological level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bearish crossover in the late evening hours (23:45–00:45 ET), confirming the downward momentum. For the daily chart, a bearish alignment of the 50, 100, and 200-day moving averages suggests continued bearish bias.

MACD & RSI

MACD crossed below the zero line during the 17:45–18:00 ET move from 286,993 to 273,000, indicating bearish momentum. RSI hit overbought levels near 80 during the short-lived rally to 286,993 before falling rapidly into oversold territory. This confirmed the exhaustion of buyers and the emergence of bearish control over the market.

Bollinger Bands

The Bollinger Bands expanded significantly during the 17:45–18:15 ET move, with price dropping from the upper band at 286,993 to near the lower band at 273,000. The contraction phase began again at 04:45–07:15 ET, suggesting a potential consolidation phase ahead. Price remains near the middle band on the 15-minute chart, indicating a lack of clear directional bias at this stage.

Volume & Turnover

Volume spiked during the sharp sell-off from 286,993 to 270,503, reaching a peak of 2.267 units in the 11:15–11:45 ET session. In contrast, turnover was relatively low during consolidation phases, indicating reduced conviction in the current price action. Divergence between price and volume was notable between 21:00–23:45 ET, suggesting that the bearish move may be exhausting.

Fibonacci Retracements

Key Fibonacci levels from the 270,503 to 286,993 move include 278,612 (38.2%) and 273,517 (61.8%), both of which aligned closely with price action. The 61.8% level coincided with the final close at 273,517, suggesting that the current trend may pause or consolidate before a potential rebound.

Backtest Hypothesis

The described backtesting strategy suggests a breakout-following approach based on the 15-minute Bollinger Bands and RSI divergence. A long entry would trigger on a break above the upper band with RSI above 50, while a short entry would occur on a break below the lower band with RSI below 50. Stop-loss and take-profit levels would align with the 38.2% and 61.8% Fibonacci levels identified in today’s analysis. Given the bearish momentum and RSI divergence seen in this 24-hour period, a short-biased setup would be more appropriate at this time.