Summary
• Price surged 5.8% in the last 24 hours, forming a bullish breakout above key resistance.
• Volume spiked during the midday rally, confirming price action.
• RSI suggests momentum remains strong but near overbought territory.
• Bollinger Bands widened, reflecting increased volatility.
• A long lower shadow on the final daily candle hints at consolidation.
S.S.
Fan Token/Tether (LAZIOUSDT) opened at 1.008 and closed at 1.058 by 12:00 ET, reaching a high of 1.073 and a low of 0.985. The 24-hour volume totaled 190,665.92 and turnover was $192,503.61.
Structure & Formations
Price broke above a prior 5-minute resistance at 1.020 in the early hours, forming a bullish continuation pattern.
. A long lower shadow at 0.985 suggests bearish rejection, but the 1.058 close reinforces a potential 50% Fibonacci retracement of the prior downswing.
Moving Averages
On the 5-minute chart, price closed above both the 20 and 50-period SMAs, signaling short-term bullish momentum. Daily 50/100/200 EMA alignment has not yet occurred, suggesting intermediate-term direction is still evolving.
MACD & RSI
The 24-hour RSI climbed to 68, signaling strong momentum but nearing overbought levels. The MACD histogram showed a sharp positive divergence in the midday rally, confirming the strength of the upward thrust.
Bollinger Bands
Bollinger Bands expanded during the 8:00–10:00 ET surge, indicating increased volatility. Price closed near the upper band, suggesting a continuation may be likely unless a reversal pattern emerges.
Volume & Turnover
Volume spiked at key turning points, especially during the 09:30–10:00 ET rally and again at 11:45–12:00 ET. Notional turnover also spiked in alignment with price action, offering confirmation rather than divergence.
Fibonacci Retracements
The 1.058 close aligns with the 50% retracement level of the 0.985–1.073 swing, suggesting a potential pivot point. A break above 1.073 could target 1.091, while support near 1.020–1.026 is critical to defend.
S.S. Lazio Fan Token appears to be entering a consolidation phase following a strong rally. While momentum is intact, a pullback toward 1.020–1.026 could test near-term conviction. Investors should be mindful of elevated volatility and potential overbought conditions.
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