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

Summary
• Price swung between 0.963 and 1.006, with key support at 0.971 and resistance at 0.997.
• A bullish engulfing pattern formed between 0700 and 0715 ET, suggesting a short-term reversal.
• RSI indicated overbought conditions in the late morning, while volume surged during a mid-night breakdown.
• Volatility expanded significantly as the price approached 1.006, with Bollinger Bands widening.

S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 0.994 on December 14, reached a high of 1.006, and closed at 0.986 on December 15. The 24-hour trading volume was 250,487.67, with a total turnover of approximately $249,324.

Structure & Formations

The 24-hour chart showed a distinct V-shaped recovery following a sharp decline to 0.963 at midnight. A bullish engulfing pattern emerged around 0700 ET, which may signal a short-term reversal. A key support level appears to have formed around 0.971–0.975, with resistance likely near 0.997–1.002 based on repeated rejections and failed breakouts.

MACD & RSI

The MACD line showed positive divergence during the early morning rebound, with the histogram expanding after the 0500 ET low. RSI briefly entered overbought territory in the late morning but pulled back, indicating a lack of follow-through in the bullish move. A reading below 40 could signal renewed bearish momentum.

Bollinger Bands

Volatility increased sharply as the price approached the 1.006 level, with bands widening significantly. The breakdown below the lower band at 0.963 marked a period of high volatility. Price has since found stability within the bands, though a further test of the 0.971 level could trigger another bounce.

Volume & Turnover

Volume spiked during the midnight breakdown and again during the morning recovery, confirming the price action. However, turnover lagged during the post-0700 ET consolidation, which could point to a potential divergence. A sustained increase in both volume and turnover would likely validate a new trend direction.

Fibonacci Retracements

Applying Fibonacci to the 0.963–1.006 move, 0.971 corresponds to the 38.2% retracement, while 0.984 aligns with 61.8%. A break above 0.997 would suggest a possible retest of the 1.002 level, whereas a decline below 0.971 could lead to a test of 0.963 again.

In the next 24 hours, a retest of the 0.997 resistance may occur if bulls regain control. However, a breakdown below 0.984 could trigger further short-term weakness. Investors should remain cautious and watch for volume confirmation on any key level breaks.