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

• Price declined from 0.941 to 0.926 before reversing to close at 0.926
• Strong bearish momentum seen in MACD and RSI, with RSI indicating oversold conditions
• Volatility expanded, with price hitting the lower Bollinger Band during key sessions
• Volume surged in early afternoon (ET) before tapering off, with price-volume divergence noted
• Key support appears near 0.917–0.919 and 0.909–0.912, with resistance forming at 0.925–0.926

S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.939 and closed at 0.926, hitting a high of 0.942 and a low of 0.901 during the 24-hour window. The total trading volume amounted to approximately 149,691.66 units, with notional turnover reaching $136,040. The asset displayed bearish momentum early in the session, followed by a modest recovery in the early hours of the next day.

Structure & Formations

The price formed a strong bearish trend from 0.941, with multiple bearish engulfing patterns between 0.923 and 0.912. A long-legged doji appeared near 0.908 in the early afternoon, hinting at potential short-term support. A strong consolidation phase followed between 0.917 and 0.926, where price found renewed interest. Fibonacci retracement levels show 0.917–0.919 (61.8%) and 0.909–0.912 (38.2%) as key support levels from the recent 0.942 high.

Moving Averages and Momentum

On the 15-minute chart, the 20-period and 50-period moving averages crossed into bearish territory, confirming a short-term downtrend. Momentum as measured by the MACD turned negative and remained bearish, with a narrow histogram reflecting waning short-term selling pressure. RSI, which had been oversold between 0.909 and 0.912, showed signs of stabilizing in the early hours of the morning. The 50-period daily MA remains above the 200-period MA, suggesting the longer-term trend is neutral to slightly bullish.

Bollinger Bands and Volatility

Volatility expanded significantly during the afternoon, with price hitting the lower Bollinger Band near 0.901 before bouncing. The band width increased from a narrow 0.003 to over 0.009, indicating rising uncertainty and speculative activity. Price remained within the bands for most of the session but showed a strong reversion to the mean after reaching oversold levels. The current closing price sits near the midline of the bands, suggesting potential for further consolidation or a breakout attempt.

Volume and Turnover

Volume surged in the afternoon session, peaking at over 21,838 units near 0.907, coinciding with the price hitting the lower Bollinger Band. However, volume tailed off sharply in the early morning hours despite the price recovery, pointing to a potential divergence. Total turnover mirrored volume patterns, with a sharp spike in the 0.901–0.908 range. The low volume during the price rebound suggests a lack of conviction in the upward move.

Backtest Hypothesis

The backtesting strategy outlined aims to evaluate an RSI-based trading system for the Harbor Alpha Layering ETF. The key parameters include identifying RSI oversold levels (30 by default) and holding positions for three days. Since RSI is a momentum oscillator often used in conjunction with price action, it aligns well with the bearish RSI readings seen in this LAZIOUSDT session. If the ETF symbol is corrected and valid data retrieved, the same framework could be applied to assess potential entry and exit signals based on similar technical conditions.