Market Overview for S.S. Lazio Fan Token/Tether (LAZIOUSDT) – 2025-09-22

• LAZIOUSDT posted a 24-hour close of 0.852, down from 0.924, with bearish momentum intensifying in late ET hours.
• Volume spiked during the 6:15–6:45 ET sell-off, with 66k units traded amid a 0.886–0.850 price drop.
• RSI hit oversold territory near 30, and Bollinger Bands show tightening volatility before a sharp contraction.
• A bearish engulfing pattern emerged around 06:15 ET as sellers overwhelmed buyers after a brief rebound.
• Turnover diverged from price, with the largest volume spike not matching the lowest price level, hinting at incoherent selling pressure.

The S.S. Lazio Fan Token/Tether pair (LAZIOUSDT) opened at 0.924 on 2025-09-21 12:00 ET and reached a high of 0.928 before declining to a 24-hour low of 0.848. The 12:00 ET close on 2025-09-22 was at 0.852. Total volume across the 24-hour period was 542,834.73, while total notional turnover was $461,184.92.

Structure & Formations

Price action formed a descending channel, with key resistance around 0.922–0.924 and support zones forming at 0.870, 0.850, and 0.848. A bearish engulfing pattern formed at 06:15 ET, followed by a doji at 11:45 ET, signaling exhaustion in the short term. A significant bearish divergence occurred after the 06:15 ET 15-minute candle, where the highest volume did not correlate with the lowest price, suggesting incoherent bear pressure.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages are in a downward convergence, with the 50-period MA crossing below the 20-period MA as a bearish signal. On the daily chart, the 50- and 200-period MAs are bearishly aligned, with price well below both. This alignment reinforces a medium-term bearish bias.

MACD & RSI

The MACD crossed below the zero line, with a bearish histogram that has been trending downward for the last six hours. The RSI, at 30, indicates an oversold condition, though it has not triggered a rebound so far. This suggests that bearish momentum is still intact despite the oversold reading.

Bollinger Bands

Bollinger Bands tightened significantly during the 02:30–04:45 ET period before a sharp contraction occurred in the 06:15–06:45 ET window. Price closed near the lower band at 0.850, confirming bearish volatility. The bands have since widened slightly, indicating a return of volatility but still within a bearish range.

Volume & Turnover

Volume surged at 06:15 ET with a 66,413.63-volume candle, coinciding with a 0.886–0.850 price drop. Turnover reached $59,000 during this period, the highest of the day. However, the largest volume spike did not correspond with the lowest price, a sign of fragmented selling. In the final 6 hours, volume has dropped off, indicating reduced participation and potential consolidation.

Fibonacci Retracements

Applying Fibonacci to the 09:30–11:45 ET swing high of 0.872 and the subsequent low at 0.850, 0.861 and 0.856 represent key 38.2% and 61.8% levels. Price has bounced slightly off the 61.8% level but remains under pressure. Daily Fibonacci levels from the recent high of 0.924 and low of 0.848 indicate possible near-term support at 0.866 and 0.858.

Backtest Hypothesis

The proposed backtest strategy involves a combination of a 15-minute RSI crossover (RSI(14) crossing below 30) and a bearish MACD crossover (MACD line below signal line with a negative histogram) as entry signals. Stop-loss is placed above the nearest resistance level on the 15-minute chart, and take-profit is set at the 61.8% Fibonacci retracement of the current daily swing. This setup aims to capture short-term bearish moves in a volatile token like LAZIOUSDT. Given today’s chart, the conditions were met around 06:15 ET, with a valid entry and stop-loss above 0.886. This would have captured the 0.886–0.850 move with a favorable risk-reward profile.