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

• LAZIOUSDT declined 4.9% over 24 hours, with a low of 1.076 and close of 1.08.
• Momentum indicators show bearish bias, with RSI entering oversold territory near 30.
• Volatility dipped post-18:00 ET, but price remained within Bollinger Bands.
• Key support levels at 1.08–1.082 appear to contain the decline temporarily.
• Volume dipped in late trading but picked up again pre-ET close, suggesting renewed interest.

At 12:00 ET on October 8, 2025, LAZIOUSDT opened at 1.182 and closed at 1.08, having traded between 1.188 (high) and 1.076 (low). Total volume for the 24-hour period was 5,527,366.05 and total notional turnover was $5,920,365.44. The pair exhibited a sustained bearish trend, with declining momentum and a consolidation phase developing near key support levels.

Structure & Formations

Price action over the past 24 hours revealed a bearish bias, with a sharp decline from the 1.188 high to a 1.076 low. Several key support levels emerged between 1.08 and 1.082, which held during periods of downward pressure. A morning recovery attempt stalled near 1.12, forming a potential bearish engulfing pattern. A long lower shadow at the close of the 03:45 ET candle suggested a potential reversal, though it remains unconfirmed.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are both bearishly aligned, with the 20 MA crossing below the 50 MA earlier in the session, signaling bearish momentum. On the daily chart, the 50-period and 200-period MAs also trend lower, reinforcing a medium-term bearish bias. Price has stayed well below all key MAs, indicating a continuation of the downtrend is likely.

MACD & RSI

The MACD line crossed below the signal line early in the session, maintaining a bearish divergence with price. Negative momentum has persisted through most of the session, with the histogram showing a steady decline. RSI has dropped into oversold territory, near 30, suggesting a potential pullback could be imminent, though confirmation is needed before a reversal is assumed.

Bollinger Bands

Volatility has remained moderate over the past 24 hours, with the upper band peaking at 1.188 and the lower band reaching as low as 1.076. Price has traded within the band for most of the session, with a slight contraction observed in the late afternoon. The current price of 1.08 sits near the lower band, reinforcing the bearish bias and indicating further downside may be limited near the 1.08–1.082 support cluster.

Volume & Turnover

Volume and turnover remained elevated during the morning hours, declining sharply after 18:00 ET. However, a pickup in volume occurred after 03:00 ET, coinciding with a failed rally attempt. This suggests a potential shift in sentiment, though price failed to follow through. No clear divergence was observed between volume and price, but the low volume during the consolidation period suggests the move lower may be nearing a pause.

Fibonacci Retracements

Key Fibonacci levels from the 1.188 high to the 1.076 low show 1.125 (61.8%) acting as a strong resistance. The 38.2% level at 1.147 appears to have held earlier in the session, while the 50% level at 1.132 was briefly tested but failed to hold. Short-term traders may watch the 1.082–1.085 cluster as potential 38.2% retracement targets in any near-term bounce.

Backtest Hypothesis

A potential backtesting strategy could involve entering a long position when price retests the 1.08–1.082 support zone with increasing volume and a bullish divergence in the RSI. A stop-loss below 1.076 and a target of 1.093–1.095 based on the 38.2% and 50% Fibonacci retracements could be used. This approach aligns with the observed bearish exhaustion and could capture a short-term bounce if bearish momentum subsides.