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Summary
• SOLUSDT posted a 24-hour high of $169.81 with a low of $161.23 and closed at $166.11, up from $162.93.
• Volume surged to over 173,443 units in the 16:00 ET candle, while total notional turnover hit $28.8M.
• Price showed a bullish breakout above a 15-minute consolidation range near $165.50 before pulling back.
Solana/Tether (SOLUSDT) opened at $162.93 at 12:00 ET - 1, reaching a high of $169.81 before closing at $166.11 at 12:00 ET. Total volume for the 24-hour window reached 1.11 million units, with a total notional turnover of approximately $186 million. The pair exhibited increased volatility and a strong push above key support levels during the late morning ET session.
On the 15-minute chart,
showed a clear consolidation phase from $162.21 to $163.00 before breaking out with a bullish surge between 19:00 and 20:00 ET. A strong candle at 19:30 ET printed a high of $165.08 and a close of $165.08, confirming the breakout. A subsequent candle at 20:15 ET with a high of $168.38 and a close of $168.31 marked a new intraday high and strong follow-through from the breakout.The 20-period and 50-period moving averages on the 15-minute chart crossed in a bullish fashion during the morning session, indicating strengthening momentum. The MACD line crossed above the signal line at around 19:30 ET, while the RSI hit 55-60 during the breakout phase—indicating moderate but building momentum. The RSI later pulled back to mid-50s, suggesting a potential consolidation phase ahead.
Bollinger Bands reflected a modest volatility expansion during the breakout, with price briefly testing the upper band before retreating. Fibonacci retracement levels from the $161.23 to $169.81 swing show the current price is testing the 61.8% level at around $166.36, suggesting potential for a pullback or consolidation.

Backtest Hypothesis
To assess the reliability of recent bullish signals, a backtesting strategy could be applied using candlestick patterns such as the Bullish Engulfing. In this case, an attempt to retrieve the pattern for a different ticker returned no results, which may indicate an issue with the ticker format or data coverage. A similar approach could be tested with SOLUSDT, focusing on high-probability setups during the current consolidation phase. If confirmed, a 5-day holding period from the breakout above $165.50 might yield a strong directional bias, provided the RSI and MACD remain aligned.
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