Market Overview for S.S. Lazio Fan Token/Tether (LAZIOUSDT): 24-Hour Performance

• Price dipped 2.7% over 24 hours, closing at 1.070 after hitting 1.113 high and 1.061 low.
• RSI remained below 50, indicating sustained bearish momentum and no clear overbought conditions.
• Volatility expanded during the overnight session, with 61.8% Fibonacci level acting as key support.
• Bollinger Bands widened as price fluctuated between 1.065–1.113, showing heightened trading interest.
• On-balance volume increased after 9 AM ET as price consolidated near key support and reversal levels.

Price Structure & Candlestick Formations

The S.S. Lazio Fan Token/Tether (LAZIOUSDT) pair opened at 1.111 on 2025-10-09 12:00 ET and closed at 1.070 24 hours later, marking a 2.7% decline. The 24-hour high of 1.113 was reached in the afternoon, while the low of 1.061 occurred early in the evening. The total trading volume across the 24-hour window was 605,844.65 with a notional turnover of $644,975.11. Over the course of the day, the price tested key support levels, particularly the 1.065–1.067 range, which coincided with the 61.8% Fibonacci retracement level of the prior 15-minute swing. Notable bearish reversal patterns included a shooting star near 1.112 and a bearish engulfing pattern during the 17:00–17:15 ET timeframe. A morning doji at 00:45 ET suggested indecision and marked the beginning of a sustained downtrend.

Technical Indicators: Moving Averages, MACD, and RSI

On the 15-minute chart, the 20-period and 50-period moving averages both trended lower, confirming the bearish bias. The 200-period daily moving average remained above the current price, indicating a longer-term downtrend. The MACD showed a narrowing histogram with the signal line crossing below the MACD line, reinforcing the bearish momentum. The RSI hovered between 30 and 50 for the majority of the day, suggesting a lack of overbought conditions but also a lack of strong bullish follow-through. A brief rebound in the morning saw the RSI dip below 30, signaling a potential oversold condition, though it did not trigger a strong reversal.

Volatility and Bollinger Bands

Bollinger Bands reflected increased volatility, especially during the overnight and early morning hours. The price oscillated within the bands, with the lower band acting as a floor at 1.065–1.067. A notable expansion in the bands occurred during the 11:45–12:00 ET timeframe, coinciding with a strong short-term rally. This expansion suggests growing interest from traders, particularly as price approached prior support levels. However, the closing price remained below the middle band, reinforcing the bearish outlook.

Backtest Hypothesis

A potential backtesting strategy for LAZIOUSDT involves entering short positions when the price closes below the 50-period moving average on the 15-minute chart and the RSI drops below 50. Exit signals could be triggered when the RSI rebounds above 50 or when the price breaks the upper Bollinger Band. Given the recent bearish momentum and the consistent support at 1.065–1.067, this strategy could be effective in capturing short-term downward moves. The formation of bearish candlestick patterns and the confirmation by MACD divergence further justify a short-biased approach. However, traders should remain cautious of potential breakouts above the 1.085 level, which could signal a shift in sentiment.