Market Overview for S.S. Lazio Fan Token/Tether (LAZIOUSDT) on 2025-09-21

• Price declined from 0.945 to 0.924 amid bearish momentum.
• High volume consolidation around 0.932–0.94 suggests short-term equilibrium.
• RSI oversold conditions hint at potential near-term reversal.
• Bollinger Band contraction observed in morning hours, followed by expansion.
• Turnover surged near key support and resistance levels, indicating active positioning.

The S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.94 at 12:00 ET–1, reached a high of 0.951, and closed at 0.924 at 12:00 ET, recording a 24-hour volume of 291,912.45 and a total turnover of 269,777.90. Price action reflected a sharp bearish reversal after a morning rally, with key support and resistance levels becoming focal points for trading activity.

Structure & Formations

Price action displayed several notable candlestick patterns, including a bearish engulfing pattern at 0.948–0.943, and a doji at 0.929–0.929, indicating indecision. A critical support level was identified at 0.922–0.924, with a resistance zone forming between 0.932–0.94. A bearish breakdown below 0.935 suggests a possible continuation toward 0.918, with 0.932–0.935 acting as a key short-term floor.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended lower, reinforcing the bearish bias. On the daily chart, the 50-period MA crossed below the 100-period and 200-period MAs, indicating a bearish crossover scenario. Price remained below all three, suggesting continued downward pressure.

MACD & RSI

The 15-minute MACD turned negative in the latter part of the session, confirming bearish momentum. RSI fell into oversold territory below 30, reaching as low as 27, hinting at potential short-term support. However, the divergence between the price low and RSI low suggests caution, as overreaction may still be in play.

Bollinger Bands

Bollinger Bands showed a period of contraction in the early morning before expanding in the afternoon, a pattern often preceding increased volatility. Price closed near the lower band, suggesting oversold conditions. However, a move above the middle band could signal a short-covering rally, especially if volume rises.

Volume & Turnover

Volume surged near key levels, with the largest turnover occurring around 0.924–0.929 and 0.938–0.943, indicating strong interest at these price points. The discrepancy between price decline and volume increase suggests accumulation may be taking place at lower levels. A divergence in volume and price action around 0.938 raises caution about further selling pressure.

Fibonacci Retracements

Fibonacci retracement levels highlighted key potential levels for reversal and continuation. A 61.8% retracement of the 0.924–0.951 move sits at 0.935, where price stalled before resuming the decline. A 38.2% retracement at 0.939 appears to act as a minor ceiling. On the 15-minute chart, 0.94 and 0.942 levels have shown resistance, suggesting further bearish bias if 0.935 is breached.

Backtest Hypothesis

A potential backtesting strategy could involve a short bias upon a close below 0.935, with a stop-loss placed above 0.942 and a target at 0.922–0.924. RSI divergence and volume confirmation could act as filters. Given the current RSI oversold condition and the consolidation at 0.924, a countertrend long could also be considered on a retest of this level with positive divergence and a breakout above 0.929. Both strategies would benefit from trailing stops to manage downside risk.