Market Overview for S.S. Lazio Fan Token/Tether (LAZIOUSDT)

• The price of LAZIOUSDT rose from 0.866 to 0.894, with a bullish bias in the final hours of the 24-hour period.
• Momentum picked up in the late morning to afternoon, with RSI and volume confirming the strength of the rally.
• Key resistance held at 0.89, while support remained stable around 0.88, showing a balanced but volatile session.
• A Bullish Engulfing pattern emerged near the close, suggesting potential follow-through buying.
• High volatility, marked by Bollinger Band expansion, indicated a period of strong price action and increased trading interest.

S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.866 on October 25 at 12:00 ET and closed at 0.894 on October 26 at 12:00 ET. The 24-hour high was 0.897, and the low was 0.864. Total volume traded was 184,139.91 and total notional turnover amounted to 162,798.79. The price action showed a clear upward shift, especially in the latter half of the session.

Structure & Formations

The price of LAZIOUSDT exhibited a strong upward thrust from the early afternoon, forming a Bullish Engulfing pattern at 09:45 ET on October 26, following a bearish consolidation phase. The pattern confirmed a reversal from a prior downward trend. Key support levels appeared to hold at 0.88 and 0.87, while resistance was met and then breached at 0.89 and 0.894. These levels suggest that the token is currently in a breakout phase, with momentum favoring the upside.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, forming a golden cross, reinforcing the bullish bias. The 50-period MA is now acting as a dynamic support level. On a larger scale, the 50-period daily MA appears to be aligning with the 200-period MA, suggesting a potential inflection point in the broader trend.

MACD & RSI

The MACD showed a strong positive divergence in the late morning, confirming the bullish breakout. The RSI rose to 68 by the end of the session, indicating strong buying pressure but not yet reaching overbought territory. This suggests that the rally may have room to continue, although a pullback to test the 50-period MA could occur if the RSI approaches 70.

Bollinger Bands

Volatility increased significantly during the session, with Bollinger Bands expanding to a width of 0.025. Price action closed near the upper band, indicating strong bullish momentum. A retest of the lower band at 0.875 could be a key setup for further buying, assuming volume remains strong.

Volume & Turnover

Volume and turnover saw a notable increase starting around 00:00 ET on October 26, with the most significant spike occurring between 01:45 ET and 02:00 ET, when 21,682.67 units were traded, signaling strong institutional or large-cap involvement. This volume was accompanied by a price move from 0.882 to 0.884, suggesting a well-confirmed bullish signal. The pattern of price and volume was consistent, showing no divergence.

Fibonacci Retracements

Key Fibonacci levels from the recent swing high at 0.897 and low at 0.864 showed the 0.618 level at 0.879 acting as a psychological floor. The 0.382 retracement at 0.885 was tested twice, once during consolidation and again during the final push to 0.894, suggesting traders were using Fibonacci levels as reference points for entries and exits.

Backtest Hypothesis

Based on the observed candlestick patterns, strong MACD divergence, and the alignment of Fibonacci and moving average levels, a potential backtesting strategy could involve entering long on a bullish engulfing pattern confirmation, with a stop loss placed just below the 0.88 support and a take profit near the 0.897 high. This approach would aim to capture the continuation of the upward trend while managing risk using clear technical triggers and levels.