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

• Price surged sharply near 16:00–17:00 ET with a high of 1.18, closing at 1.15 amid strong volume.
• Momentum shifted positively as RSI crossed 50 and MACD flipped bullish.
• Volatility spiked as price broke out of Bollinger Bands after a contraction phase.
• Volume spiked over 600k at 15:45 ET, confirming the breakout with a 1.168 high.
• Key support appears at 1.046, with a possible retest expected if pullback occurs.

The S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 1.03 at 12:00 ET–1 and surged to a 24-hour high of 1.18 by 15:45 ET before closing at 1.15 at 12:00 ET. Total volume for the period was 1,404,248.7 and total turnover reached approximately $1,574,772. The asset experienced a sharp upward breakout driven by high-volume surges.

Structure & Formations

The candlestick structure over the 24-hour period displayed a powerful breakout pattern around 15:45 ET, where a massive bullish candle surged past the previous resistance of 1.123 to 1.18. The formation resembled a strong continuation pattern, with a long upper shadow on the breakout candle indicating aggressive buying. A bullish engulfing pattern can be seen between 15:15 ET and 15:45 ET, confirming a shift in sentiment. Key resistance levels are now at 1.18 and 1.168, while support is likely to be tested at 1.15 and 1.046.

Moving Averages and Volatility

On the 15-minute chart, the 20-period moving average crossed above the 50-period MA around 15:15 ET, signaling a short-term bullish trend. Bollinger Bands show a clear expansion after a period of contraction from around 12:00–15:00 ET, with price spiking above the upper band at 1.18. This suggests increased volatility and aggressive buying momentum.

Momentum and RSI

The RSI indicator crossed above 50 at 15:15 ET and surged into overbought territory (~70) by 16:00 ET, indicating strong upward momentum. The MACD line turned positive at the same time and crossed above the signal line, suggesting a potential continuation of the bullish trend. However, a pullback to test 1.15 may be imminent.

Volume and Turnover

Volume surged dramatically at 15:45 ET, reaching over 600k, coinciding with the 1.168 high. This was accompanied by a turnover spike to ~$698k for that 15-minute window. The divergence between price and volume was minimal, indicating strong conviction in the move. Earlier in the session, volume was relatively low during the consolidation phase, suggesting a build-up of buyer interest.

Fibonacci Retracements

The 24-hour move from 1.03 to 1.18 aligns with a 15-minute swing. Key Fibonacci retracement levels for the 1.18 high include 61.8% at 1.136 and 38.2% at 1.102. Price may test the 1.136 level before finding further resistance. The daily chart shows a larger move from 1.012 to 1.18, with 61.8% at 1.098 and 38.2% at 1.118. A retest of the 61.8% level is likely.

Backtest Hypothesis

A potential backtesting strategy would involve entering long positions when the 20-period MA crosses above the 50-period MA and RSI crosses above 50 on a 15-minute chart, confirmed by a bullish engulfing pattern. This entry would be closed when price drops below the 20-period MA or when RSI crosses below 50 after a significant pullback. Stop-loss would be placed below the most recent swing low, and take-profit targets would align with 38.2% and 61.8% Fibonacci levels. This approach could validate the trend-following potential of LAZIOUSDT in a volatile environment like this.