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

• Price dropped 7.7% from 0.893 to 0.825 on heavy volume during overnight Asian session.
• 15-minute RSI oversold below 30 suggests potential for short-term rebound.
• Bollinger Band contraction at 0.856–0.864 indicates low volatility ahead of possible breakout.
• Volume spiked at 0.865–0.868 during U.S. hours but failed to drive higher prices.
• Bearish Engulfing patterns emerged after key resistance at 0.868 was tested.

24-Hour Price Summary

At 12:00 ET on 2025-10-22, S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.893, reached a high of 0.899, and a low of 0.825 before closing at 0.854 at 12:00 ET the same day. Total trading volume was 268,563.92, and notional turnover amounted to 226,717.47 USDT. The price action reflects heightened bearish momentum, especially during the Asian session, with a significant breakdown below key support levels.

Structure & Formations

The price declined sharply from 0.896 to 0.855, forming multiple bearish candlestick patterns. A notable Bearish Engulfing pattern appeared at 0.868–0.863 during U.S. hours, signaling increased bearish conviction. The 0.856 level acted as a temporary support, with a potential pivot point forming at 0.852–0.854. Resistance levels to watch in the next 24 hours include 0.863 and 0.868, with 0.873 as a longer-term ceiling.

Moving Averages and MACD/RSI

The 15-minute 20/50 EMA showed bearish alignment, with the 50 EMA dropping below the 20 EMA in the late morning hours. The RSI reached an oversold level below 30, suggesting a short-term bounce may be in the works. MACD showed a bearish crossover and remained negative, reinforcing the downward trend. The daily 50/100/200 EMA remains bearish, with no sign of a reversal in the longer term.

Volatility and Bollinger Bands

Bollinger Bands narrowed between 0.856 and 0.864, signaling a period of consolidation. This suggests a potential breakout or breakdown is imminent. The current price at 0.854 sits just below the lower band, indicating the market may be testing a short-term floor. Increased volatility is likely if the price moves beyond 0.860–0.865.

Fibonacci Retracements

Applying Fibonacci retracements to the 0.825–0.899 swing shows key levels at 0.863 (38.2%) and 0.855 (61.8%). The price has found support at 0.855–0.856, which aligns with the 61.8% retracement level. A break above 0.863 could trigger a rally toward 0.873, whereas a retest of 0.855 may result in further weakness.

Backtest Hypothesis

The emergence of bearish candlestick patterns, especially Bearish Engulfings, suggests an opportunity for a short-term bearish trade. The backtest for this strategy would require a historical dataset of LAZIOUSDT (or similar fan tokens) to validate whether these patterns reliably predict further declines. A 15-minute timeframe with stop-loss placement just above key resistances (e.g., 0.868) would be ideal for testing the strategy from 2022-01-01 to 2025-10-22.