Market Overview: S.S. Lazio Fan Token (LAZIOUSDT) - 24-Hour Technical Summary

• S.S. Lazio Fan Token (LAZIOUSDT) declined 0.47% in 24 hours, trading between 1.025 and 1.072.
• A bearish engulfing pattern emerged near 1.06-1.065, with volume confirmation.
• RSI indicates oversold conditions below 30, suggesting potential short-term bounce.
• Volatility remains low, with price consolidating within Bollinger Bands.
• Notable volume spikes occurred near 1.030–1.040, potentially forming new support.

S.S. Lazio Fan Token (LAZIOUSDT) opened at 1.072 on 2025-08-19 at 12:00 ET, reached a high of 1.072, a low of 1.025, and closed at 1.046 on 2025-08-20 at 12:00 ET. The total volume over the 24-hour period was approximately 913,592.39 units, with notional turnover at $965,676.52 (based on USD values).

Structure & Formations

Price action formed a bearish engulfing pattern near 1.06–1.065, with a larger bearish candle following a bullish one. This pattern, confirmed by declining volume, signals a possible short-term reversal. A doji also appeared near 1.040–1.045, suggesting indecision and potential consolidation. Key support appears to be forming around 1.030–1.040, with prior resistance at 1.055–1.065 likely now acting as a psychological ceiling for near-term buyers.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart currently sit around 1.049 and 1.052, respectively, with price below both, indicating a short-term bearish bias. On the daily chart, the 50-period MA is at 1.056, the 100-period at 1.061, and the 200-period at 1.063. This suggests a bearish crossover is likely as price continues to trade below key long-term averages.

MACD & RSI

The 12-26 MACD on the 15-minute chart shows bearish momentum with the histogram moving lower, signaling continued downward pressure. RSI has dipped to the 29–31 range, entering oversold territory, which may indicate a potential bounce from current levels. However, RSI has not yet shown a strong rebound, suggesting caution. Momentum appears to be fading on the downside, but without a clear reversal signal, the bearish trend may persist.

Bollinger Bands

Bollinger Bands remain relatively narrow, indicating low volatility. Price has been consolidating near the middle band, with occasional moves toward the lower band. The most recent swing from 1.040 to 1.065 suggests a potential retracement zone between 1.038 (38.2%) and 1.052 (61.8%). A break below 1.030 would likely trigger a test of the 1.025 level.

Volume & Turnover

Volume spiked notably around 1.030–1.040, suggesting potential accumulation or a pivot point. This volume divergence may confirm a short-term bottoming process. However, price did not close higher during these spikes, indicating mixed signals. The largest volume spike occurred near 1.030, with a total of 29,375.65 units traded during the candle at 11:45 ET. This volume level contrasts with the quieter trading seen near the higher end of the range, suggesting bearish sentiment.

Fibonacci Retracements

Applying Fibonacci to the recent 15-minute swing from 1.025 to 1.065 shows key retracement levels at 1.038 (38.2%) and 1.052 (61.8%). Price appears to be testing the 61.8% level currently. A break of 1.052 may trigger a retest of 1.038, while a break below 1.030 would likely lead to a test of 1.025.

While a short-term bounce from current levels is possible due to oversold RSI and consolidation within Bollinger Bands, the overall bias remains bearish. Investors should monitor volume and price action near 1.030–1.040 for potential directional clues, while managing risk due to the volatile nature of fan tokens.