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Summary
• Price tested key support near 1.043 and rebounded toward 1.056–1.062 resistance.
• MACD shows bullish momentum, while RSI suggests caution as it nears overbought territory.
• Bollinger Band expansion indicates increased volatility, with price staying near the upper band.
• Volume spiked during the breakout above 1.06, confirming strength in the move.
• 5-minute chart shows bullish engulfing patterns around 1.056 and 1.061.
S.S.
Fan Token/Tether (LAZIOUSDT) opened at 1.05 on 2026-01-07 at 12:00 ET, reached a high of 1.072, a low of 1.041, and closed at 1.056 on 2026-01-08 at 12:00 ET. The pair saw a total 24-hour volume of 156,298.1 units and a notional turnover of 164,933.35 USD.
The 5-minute chart shows a clear test of support at 1.043 followed by a strong rebound toward the 1.056–1.062 cluster. A bullish engulfing pattern formed around 1.056, followed by a second confirmation near 1.061, suggesting accumulation at key levels. Price appears to be forming a short-term ascending triangle, with resistance at 1.062 and support at 1.056.
MACD remains positive, indicating bullish momentum, though RSI is approaching overbought territory, suggesting a possible short-term correction. Bollinger Bands have expanded significantly, reflecting heightened volatility. Price has spent much of the session near the upper band, signaling potential continuation or exhaustion.
Volume surged during the 02:45–05:00 ET period as price moved above 1.06, confirming the breakout. Notional turnover aligns with volume, showing strong confirmation. A divergence appears in the late afternoon as price consolidates with lower volume, indicating reduced conviction.
Fibonacci retracement levels from the 1.041 to 1.072 swing highlight 38.2% at 1.054 and 61.8% at 1.063. A break above 1.062 could target 1.07, while a retest of 1.056 offers a potential entry with a stop below 1.052.
Looking ahead, price may continue to consolidate within the triangle or test higher levels if momentum holds. Investors should monitor RSI and volume for signs of exhaustion or renewed bullish conviction. A sudden drop below 1.052 could signal a short-term reversal.
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