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

• Price surged 7.8% from 0.938 to 0.931 amid late-night buying, forming bullish reversal patterns.
• Volatility expanded in the overnight session, with volume spiking to 239,549.94 at 09:00 ET as resistance was tested.
• RSI crossed overbought territory near 70, suggesting potential short-term pullback, though momentum remains intact.
• Bollinger Bands widened as price pushed above the upper band, signaling strong conviction in the move.
• Fibonacci retracement levels of 61.8% and 78.6% aligned with key resistances, reinforcing technical relevance.

The S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.938 on 2025-10-13 12:00 ET and closed at 0.931 at 12:00 ET the following day. The 24-hour period saw a high of 0.985 and a low of 0.910. Total traded volume reached 239,549.94, with notional turnover amounting to 199,620.96 (sum of volume × price across all intervals). The price action was characterized by a sharp late-night rally and a mixed morning trend that saw consolidation after reaching a key Fibonacci and resistance level.

Structure and formations over the 24-hour period revealed multiple bullish signals, including a strong engulfing pattern between 09:00 and 09:15 ET, where the price closed at 0.959 after opening at 0.947. Key resistances formed around the 0.947–0.951 range, and support levels emerged near 0.927 and 0.918, aligning with Fibonacci retracements from the previous day’s low. A bearish divergence in volume was also observed during the morning session, indicating caution for further bullish continuation.

Moving averages on the 15-minute chart (20/50) showed the price breaking above the 50-period MA, reinforcing the strength of the recent rally. On the daily chart (50/100/200), the 50-period MA has crossed above the 100-period MA in a potential bullish “golden cross” formation, suggesting further upside potential. The MACD histogram has been positive for much of the session, while the RSI pushed into overbought territory (exceeding 70), signaling the likelihood of a consolidation phase or a minor pullback in the near term.

Bollinger Bands widened significantly in the overnight session, as price tested and briefly exceeded the upper band. This expansion in volatility was accompanied by a sharp increase in volume, which suggests conviction in the directional move. The price currently sits near the 0.931 level, just below the 61.8% Fibonacci retracement level of 0.940, indicating a potential area of interest for short-term traders. A move above this level could see further extension toward the 0.953 level, while a retest of 0.927 could confirm the strength of the recent support.

Backtest Hypothesis

The Bullish-Engulfing strategy described aims to capture short-term directional moves in LAZIOUSDT by identifying and acting on key reversal patterns. The approach assumes a fully invested position at the open of the engulfing candle, with a stop-loss set at 8% below the entry point. Pattern failure is defined as a close below the engulfing candle’s open, and trades are closed upon reaching the stop-loss or the 61.8% Fibonacci target. This logic aligns with the observed price action, where several engulfing patterns—most notably at 09:00 ET—led to strong follow-through buying. By applying this framework over the 24-hour window, one could assess whether the market’s response to these setups was statistically robust or merely a one-off event.