Market Overview for S.S. Lazio Fan Token/Tether (LAZIOUSDT) - October 12, 2025

• Price surged from 0.861 to 0.908 amid strong afternoon momentum, with a 24-hour close near 0.902.
• RSI signaled overbought conditions in the afternoon before a pullback, suggesting potential consolidation.
• Volatility expanded in the morning lows but narrowed midday as the pair consolidated within Bollinger bands.
• Volume spiked during the late-night recovery phase, confirming bullish price action.
• A key resistance near 0.895 and support at 0.874 were tested and confirmed during the 24-hour period.

The 24-hour period for S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.861 on October 11, 12:00 ET-1, and closed at 0.902 on October 12, 12:00 ET. The daily high reached 0.908 while the low fell to 0.861, reflecting a significant intraday range. Total trading volume for the 24-hour period was 550,000.48, and notional turnover amounted to approximately $498,000. The price action shows signs of strong bullish momentum, especially in the latter half of the session.

The candlestick pattern developed a notable recovery from a morning bearish trend, forming a strong bullish engulfing pattern in the late afternoon. Key support levels at 0.874 and 0.861 were tested and held, while resistance levels at 0.895 and 0.908 were reached and consolidated. The 20- and 50-period moving averages on the 15-minute chart remained bullish, with price above both. On a daily basis, the 50- and 100-period moving averages appear to be aligning, suggesting potential for trend continuation.

Relative Strength Index (RSI) surged above 70 during the afternoon peak, indicating overbought conditions, but failed to maintain that level, suggesting possible near-term correction. The Moving Average Convergence Divergence (MACD) showed a positive crossover and maintained bullish momentum. Bollinger Bands showed a moderate contraction during the afternoon, suggesting reduced volatility and potential for a breakout. Price action remained near the upper band during the peak hours, indicating strong buying interest.

Fibonacci retracement levels showed price consolidating near the 61.8% level (0.896) following the morning’s bearish move. Volume spiked during the afternoon recovery phase, confirming the bullish bias. However, a divergence between price and volume during the consolidation period could signal caution for short-term traders. A forward-looking view suggests price could target the next resistance at 0.914 if bullish momentum holds, but a pullback to 0.874 should be watched closely for bearish confirmation. Investors should remain cautious due to the high volatility and potential overbought RSI readings.

Backtest Hypothesis
The backtest strategy described focuses on identifying strong bullish engulfing patterns during high-volume periods, specifically in the context of a confirmed support level breakout. This aligns with the observed candlestick and volume patterns on October 12, where a bullish engulfing pattern formed after a strong volume spike and price rebounded off the 0.861 support. A potential backtest would involve entering a long position at the close of the engulfing candle and exiting at the next swing high (e.g., 0.908), with a stop loss placed just below the 0.861 level. Given the RSI's overbought condition and the consolidation observed, a trailing stop might be more appropriate to lock in gains while allowing for further upside potential.