Market Overview for Santos FC Fan Token/Bitcoin

Summary
• Price formed a bullish engulfing pattern near 1.935e-05 following a consolidation phase.
• RSI hovered around 50, indicating neutral momentum with no clear overbought or oversold signals.
• Volume spiked during the 5-hour period from 19:30 to 00:30 ET, confirming key support and resistance tests.
• Price closed above the 20-period MA on the 5-minute chart, suggesting short-term bullish bias.
• Bollinger Bands showed moderate volatility, with price hovering near the lower band at 1.984e-05 during the closing hours.

24-Hour Price Action and Volume

The Santos FC Fan Token/Bitcoin (SANTOSBTC) pair opened at 1.93e-05 on January 7, 2026, reached a high of 2.002e-05, and closed at 1.985e-05 on January 8, 2026. The total volume for the 24-hour period was 12,293.86, with a notional turnover of 0.02445 BTC.

Structure and Candlestick Patterns

The 24-hour chart displayed a consolidation pattern followed by a breakout in the early hours of January 8. A bullish engulfing pattern emerged near the 1.935e-05 level, indicating a shift in sentiment. The price then moved into a range between 1.98e-05 and 2.002e-05, forming a potential resistance cluster.

Moving Averages

On the 5-minute chart, the 20-period MA crossed above the 50-period MA, signaling a short-term bullish bias. On the daily chart, the 50-period MA was slightly above the 100-period MA, with the 200-period MA acting as a long-term support at around 1.91e-05.

MACD and RSI

The MACD remained in positive territory for much of the session, confirming the bullish breakout. The RSI hovered around the 50 level, indicating neutral momentum. The indicator showed no signs of overbought or oversold conditions during the 24-hour period.

Bollinger Bands

Bollinger Bands showed moderate volatility, with the price spending much of the session near the lower band. The most recent 5-minute candle closed at 1.985e-05, near the upper band, suggesting a possible test of the 2.002e-05 resistance level.

Volume and Turnover

Volume surged during the 5-hour period from 19:30 to 00:30 ET, coinciding with a price consolidation and breakout. The increased volume confirmed the importance of the 1.98e-05 to 2.002e-05 price range.

Fibonacci Retracements

Applying Fibonacci retracements to the recent 5-minute swing (from 1.904e-05 to 2.002e-05), key levels include 38.2% at 1.968e-05 and 61.8% at 1.995e-05. The price appears to have found initial support at the 61.8% level.

The market appears to be consolidating after the recent bullish breakout. Traders may watch for a test of the 2.002e-05 resistance level and a possible pullback toward 1.98e-05. As always, investors should remain cautious of potential volatility or unexpected market events that could shift sentiment overnight.