Market Overview: S.S. Lazio Fan Token/Tether (LAZIOUSDT)

• Price declined 3.9% over the past 24 hours, closing at 0.929 from 0.940.
• Volatility increased with a high of 0.943 and a low of 0.915, forming key support at 0.92.
• RSI hit oversold levels, suggesting potential near-term bounce.
• Volume surged to 3092.74 at 09:30 ET during a consolidation phase.
• Bollinger Bands tightened before a sharp drop, indicating a high-volatility break.

S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.940 on 2025-09-16 at 12:00 ET, reached a high of 0.943, and a low of 0.915 before closing at 0.929 at 12:00 ET on 2025-09-17. Total volume for the 24-hour period was 322,017.79, with a notional turnover of approximately 296,693.51.

The price moved in a bearish direction, forming a bearish engulfing pattern in the late ET session as prices broke below key intraday support levels. A large bearish candle with high volume appeared at 09:30 ET, signaling strong distribution and a likely shift in momentum. Key support levels observed over the 24-hour period include 0.920 and 0.915, while resistance was tested at 0.932 and 0.936. A bullish doji formed near 0.920 at 01:45 ET, hinting at possible short-term buying interest.

The RSI dropped into oversold territory near 27, suggesting a potential bounce from the 0.92–0.922 range. However, the MACD remained bearish with the signal line crossing below the MACD line, reinforcing short-term weakness. Volatility increased significantly during the consolidation phase, with a large candle at 09:30 ET indicating a sharp bearish move. Bollinger Bands showed a contraction just before the large sell-off, followed by a wide expansion as the price dropped.

Fibonacci retracement levels identified the 61.8% retracement at 0.920 as a critical support zone. The 38.2% level at 0.926 may act as a re-entry resistance if the price stabilizes. The 50-period moving average on the 15-minute chart sits around 0.931, indicating bearish dominance over the last 12 hours.

Backtest Hypothesis
Applying a mean-reversion strategy based on the observed Bollinger Band contraction and subsequent expansion could provide an entry point for short-term bounces. A long position might be triggered if the price closes above the 20-period moving average on the 15-minute chart and MACD shows a positive divergence. A stop-loss could be placed below the 0.920 Fibonacci level, with a target at 0.932.