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

• Price opened at 0.856 and closed at 0.836, marking a bearish 24-hour close after a sharp midday drop.
• A sharp 15-minute move from 0.869 to 0.836 in the early evening ET suggests increased bear pressure.
• RSI showed oversold conditions in the late hours, hinting at potential short-term stabilisation.
• Volatility remained elevated with peak volume near 0.869, but turnover diverged from price action after 20:00 ET.
• A bearish engulfing pattern formed around 0.869, indicating a shift in momentum to the downside.

S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.856 on 2025-10-28 at 12:00 ET and closed at 0.836 by 12:00 ET on 2025-10-29. The pair reached a high of 0.896 and a low of 0.827 during the period. Total 24-hour volume amounted to 1,829,071.36, and turnover reached $1,564,268. The price action shows a sharp bearish move after midday as bear pressure intensified and momentum indicators turned negative.

Structure & Formations

A clear bearish engulfing pattern formed at 0.869 around 17:45 ET, where the candle opened at 0.862 and closed at 0.869 after an upward push. This was followed by a rapid reversal, opening at 0.869 and closing at 0.873 by 18:00 ET before collapsing to 0.836. The 0.842–0.844 range has emerged as a potential short-term support, with a prior bearish breakdown at 0.836. A 0.870–0.872 zone may act as near-term resistance in the event of a bounce.

Moving Averages

On the 15-minute chart, the 20-period MA currently sits at 0.840, slightly above the 50-period MA at 0.839. This suggests a tightening of the moving average crossover, which is often a precursor to a breakout or reversal. On a daily basis, the 50-period MA is above the 200-period MA, indicating a broader bullish bias. However, this longer-term trend has not held in the latest session as bear momentum overtook the 200-period MA.

MACD & RSI

MACD turned negative after 19:30 ET, with the signal line crossing below zero and the histogram showing a bearish divergence. The RSI reached an oversold level of 28 in the early hours of 29 October, suggesting a potential rebound could be in play. However, without confirmation from volume or bullish candlestick patterns, this remains speculative.

Bollinger Bands

Volatility remained wide during the 24-hour period, with the Bollinger Band width reaching its peak around 18:30 ET. The price closed near the lower band at 0.836, indicating a potential short-term oversold condition. A closing above 0.842 would suggest a return to the mean. The band contraction seen in the early morning hours could signal a period of consolidation ahead.

Volume & Turnover

Volume spiked at 123,491.38 around 18:30 ET, coinciding with a sharp drop from 0.896 to 0.877. However, turnover did not fully confirm this move, with the 24-hour turnover at $1.56M slightly lower than expected for such volume. This divergence may point to a potential exhaustion in the bear move. The volume profile is skewed to the bearish side, with the largest single candle accounting for nearly 6.5% of the 24-hour volume.

Fibonacci Retracements

Applying Fibonacci retracement levels to the major 0.896–0.827 swing, the 61.8% level is at 0.851 and the 38.2% at 0.864. The price currently sits below the 50% retracement of 0.8615, suggesting further bearish pressure could test the 0.836–0.840 range for support.

Backtest Hypothesis

A potential backtesting strategy could focus on detecting bearish engulfing patterns, particularly those that occur during periods of high volume and a clear breakdown from a prior high. A signal could be generated when a bearish engulfing candle forms at a resistance level, with the close below the open of the prior candle and volume exceeding the 20-period average. Traders could consider entering short positions after a confirmation candle closes below the low of the engulfing pattern. This approach would align with the bearish engulfing formation observed at 0.869, which was followed by a rapid drop to 0.836.