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Summary
• Price surged past 0.983, forming bullish engulfing patterns near 0.979-0.981.
• Volume spiked to 9,575.3, confirming strength above key 0.98 level.
• RSI pushed into overbought territory, hinting potential near-term pullback.
S.S.
Fan Token/Tether (LAZIOUSDT) opened at 0.973 on December 29 at 12:00 ET, surged to 0.995, dipped to 0.966, and closed at 0.991 by 12:00 ET on December 30. Total volume reached 9,575.3, with notional turnover of 9,300.5.Structure & Formations
Price formed multiple bullish engulfing patterns above 0.979–0.981, signaling short-term bullish momentum. A key support zone emerged at 0.972–0.976, where price corrected multiple times. A doji at 0.975 near the 20-period MA may indicate consolidation.
Moving Averages
On the 5-minute chart, the 20-period MA at 0.976 and 50-period MA at 0.978 supported the upward trend. The daily chart shows the 50-period MA rising, suggesting a potential continuation of the bullish bias.
MACD & RSI

Bollinger Bands
Volatility widened during the 0.966–0.995 swing, with price closing near the upper Bollinger Band on multiple occasions. This indicates high conviction in the move above 0.98 and potential for pullback to the mid-band.
Volume & Turnover
Volume surged past 1,000 during key 0.98–0.993 rallies, confirming strong participation. Turnover increased sharply during the final 5-hour window, aligning with price action. No clear divergence observed between price and volume.
Fibonacci Retracements
The 0.98–0.993 upleg saw price retesting the 38.2% retracement level at 0.985, where it found support. A break below 0.978 could test the 61.8% level at 0.972, which has historically acted as a floor.
Price appears to be consolidating above 0.98, with momentum skewed to the upside. A potential pullback to 0.98–0.985 may offer a buying opportunity, though a close below 0.976 could challenge the bullish narrative. Investors should watch for divergence in RSI and volume during the next 24 hours.
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