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

• S.S. Lazio Fan Token (LAZIOUSDT) closed near the 24-hour low amid bearish momentum and declining volume.
• Price action shows a breakdown below key support at 0.820, with bearish engulfing and inside bar patterns evident.
• RSI and MACD confirm bearish divergence, suggesting oversold conditions may persist.
• Bollinger Bands narrow mid-session, hinting at a potential volatility expansion ahead.
• High turnover late in the session suggests increased interest despite bearish bias.

Market Overview

S.S. Lazio Fan Token (LAZIOUSDT) opened at 0.839 on July 23 at 16:00 ET, reached a high of 0.844, and closed at 0.819 by 12:00 ET on July 24. The 24-hour trading session saw a total volume of 614,807.75 and a turnover of $503,413. The token has shown a steady bearish bias throughout the session, with price consolidating near support levels.

Structure & Formations

The price action over the last 24 hours has shown a clear breakdown below key support at 0.820, confirmed by bearish engulfing patterns and inside bars during the early hours. A doji formed near 0.821 at 04:00 ET, suggesting indecision. The most recent bullish reversal attempts at 0.825 failed to hold, with price retesting and breaking below the level. The 0.817–0.818 range appears to be the next critical support zone, with a potential test expected in the coming 24 hours.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both in a downward trend, confirming the bearish momentum. Price has remained below both, with the 50SMA acting as dynamic resistance. On the daily chart, the 50/100/200SMA show a flattening trend, indicating a possible shift in medium-term sentiment, though the 50SMA remains above the 100SMA, suggesting lingering bearish bias.

MACD & RSI

The MACD has remained negative for most of the session, with the histogram showing a narrowing bearish divergence. The RSI has dipped into oversold territory, currently at ~30, suggesting the price may consolidate or retrace slightly. However, the lack of bullish divergence in RSI indicates a high likelihood of further downward movement.

Bollinger Bands

Bollinger Bands have remained relatively narrow for much of the session, particularly between 02:00 and 08:00 ET, signaling a period of low volatility. A sharp expansion occurred after 09:00 ET as the price broke below the lower band. Currently, the token is trading near the lower band, suggesting a continuation of the bearish trend may be imminent.

Volume & Turnover

Volume was unevenly distributed, with a significant spike at 07:45 ET and again at 15:00 ET, where turnover reached $28,000. The price and turnover moved in alignment during these periods, indicating strong conviction in the bearish move. However, the declining volume in the final hours of the session suggests exhaustion, which could lead to a short-term pullback.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing high at 0.844 and swing low at 0.817, the 23.6% (0.834) and 38.2% (0.828) levels appear to be minor resistance areas. The 61.8% retracement level at 0.821 was briefly tested but failed to hold. A breakdown below 0.817 would target the next Fibonacci extension at 0.808–0.804, which may come into play in the next 24 hours.

Looking ahead, the next 24 hours may see further bearish pressure if the 0.817–0.818 support is broken, with a potential test of 0.804. However, a short-term rebound to 0.825–0.828 is possible if buyers step in. Investors should remain cautious of divergences and watch for volume confirmation on any reversal attempts.