Market Overview for S.S. Lazio Fan Token/Tether (LAZIOUSDT) on 2025-10-07

• S.S. Lazio Fan Token/Tether (LAZIOUSDT) rose 4.3% in 24 hours, closing near intraday highs with strong volume in the final 8 hours.
• Price formed a bullish engulfing pattern late in the session, suggesting a potential short-term reversal from prior bearish momentum.
• Volatility expanded significantly, with a 1.1x increase in range compared to previous days, supporting higher trading activity.
• RSI climbed into overbought territory (72–74), while volume surged in the last 15-minute candles—confirming upward momentum.
• Key support appears to be forming near 1.09, while resistance levels at 1.12 and 1.145 are now challenged.

Price Action and Structure

S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 1.088 on 2025-10-06 12:00 ET and closed at 1.162 on 2025-10-07 12:00 ET, reaching a high of 1.188 and a low of 1.076. Total volume amounted to 946,238.88, with notional turnover of $1,092,799.22. The price formed a bullish engulfing pattern in the final candle, with a long bullish body closing near its high. A doji was also observed near the 1.116 level, indicating indecision before the reversal. Key support levels appear to be forming at 1.090 and 1.085, with a prior resistance cluster now in place at 1.12 and 1.145.

Volatility and Bollinger Bands

Volatility increased sharply during the session, as seen in the expansion of Bollinger Bands from a 20-period standard. Price remained well above the middle band for much of the session and closed near the upper band, suggesting a strong move. A contraction in volatility was noted earlier in the morning before the breakout, which is a potential signal of a reversal or breakout to follow. The upper band was effectively tested and held at 1.14–1.18, with the next target potentially at the 20-period upper bound if the trend continues.

MACD and RSI

The MACD crossed into positive territory mid-session and remained bullish through the close, with a narrowing histogram suggesting momentum may be slowing. RSI reached overbought levels (72–74) in the final hours, which is a cautionary sign. However, it did not show signs of diverging from price action, which may suggest the move is still intact. A move above 1.188 could see RSI testing 78, a level where bearish corrections often begin.

Volume and Turnover

Trading volume surged in the final 6 hours, with over 140,000 units traded in the last 30-minute candle alone. This aligns with a strong price breakout and appears to confirm bullish conviction. Notional turnover also spiked during this period, with the largest volume occurring at 1.162–1.188. The price and turnover were aligned in the final hours, suggesting accumulation rather than profit-taking. A divergence may be concerning for short-term traders, but no such signal was observed.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swing low of 1.076 and high of 1.188, the 61.8% level is at 1.136, where the price paused before continuing higher. The 78.6% level is at 1.168, closely aligning with the session high. On a daily chart, retracements from prior bearish moves show support at 1.09 and 1.07. A break of 1.188 could bring the 1.206 level into focus for longer-term holders.

Backtest Hypothesis

A potential backtesting strategy could involve entering long positions at a close above the 1.135 Fibonacci retracement level (61.8%) with a stop loss placed below the 1.090 support level. A take-profit could be set at 1.168 (78.6%) or 1.188 (session high). This setup would capture the recent breakout while limiting downside risk. Given the strong volume and RSI alignment with price, this strategy could be backtested over the past 30 days using 15-minute OHLC data for S.S. Lazio Fan Token/Tether (LAZIOUSDT), focusing on instances where the price broke a key Fibonacci level with a confirmed bullish candlestick pattern such as an engulfing or hammer.