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

• LAZIOUSDT declined 10.7% over 24 hours, with sharp sell-offs in late ET.
• Key support tested around 0.88–0.89, with mixed follow-through.
• Volume spiked during the 19:15–22:00 ET sell-off, but failed to confirm bullish continuation.
• RSI entered oversold territory, suggesting potential for a rebound, though bearish momentum remains strong.
• Bollinger Bands show expansion during the decline, reflecting heightened volatility.

The S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at $1.078 on 2025-10-10 at 12:00 ET and closed at $0.906 by 12:00 ET on 2025-10-11. The pair hit a high of $1.108 and a low of $0.75 over the period. Total volume amounted to approximately 1.68 million contracts, with a notional turnover of ~$1.5 million, indicating moderate to high liquidity during the sell-off.

The price action was bearish, with a clear breakdown from the 1.06–1.08 resistance cluster into oversold territory. A bearish engulfing pattern formed on the 15-minute chart during the 21:30–21:45 ET window, marking the beginning of a steep decline. A doji at 0.926–0.903 also appeared near the 61.8% Fibonacci level of the earlier 1.06–1.108 swing, signaling indecision.

Structure & Formations

The market broke key support levels at 1.06, 1.05, and 1.017 over the 21:30–22:30 ET window. The 0.92–0.851 range became a critical bearish corridor. A bearish reversal pattern was confirmed after a brief countertrend rally above 1.095 failed to hold. The 0.88–0.89 level now serves as the immediate support, with a potential test of 0.85–0.86 next if bearish momentum continues.

Moving Averages

On the 15-minute chart, the 20-EMA and 50-EMA remained bearish, with the price below both. On the daily chart, the 50- and 100-day EMAs were both below the 200-day MA, confirming a medium-term bearish bias. The 50-EMA now rests at ~0.94, acting as a potential short-term overhead barrier.

MACD & RSI

The MACD line turned negative during the late-ET sell-off, with bearish divergence forming. RSI dropped below 30 during the last 4 hours, suggesting potential for a bounce, though bullish follow-through remains unconfirmed. A closing above 0.92–0.93 could see RSI move into neutral territory, but this would need a strong volume trigger.

Bollinger Bands

Volatility expanded significantly during the sharp decline, with the lower band dropping below 0.85. Price traded within the bands for much of the 24-hour window, but the last 4 hours saw a break below the lower band, signaling heightened bearish pressure.

Volume & Turnover

Volume spiked during the 19:30–22:30 ET window, with the largest single 15-minute volume at ~491,024.43 contracts. Turnover followed suit, with the most significant spike during the 21:30–21:45 ET period when price broke below 0.92. However, the lack of follow-through above 0.92–0.93 suggests weak conviction in the rally attempts.

Fibonacci Retracements

The 61.8% Fibonacci level of the 0.75–1.108 swing was at ~0.89–0.90. Price broke this level and continued down, reaching into the 0.88–0.89 range. On the daily chart, the 50% retracement of the 2025-09–2025-10 move is at ~0.95, offering a potential near-term resistance zone.

Backtest Hypothesis

The backtest strategy described is a short-term mean reversion approach, triggered by a bearish engulfing pattern forming near key Fibonacci levels, confirmed by a close below the 50-EMA and a bearish divergence in the MACD. A stop-loss is placed above the high of the engulfing candle, with a target at the next Fibonacci level or the 200-EMA. Given today’s action, such a strategy would have triggered a short near 0.926–0.903, with a stop above 0.925 and a target around 0.88–0.89. The recent volume profile suggests this setup had high probability but limited room for reward given the lack of immediate bullish follow-through.