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

Summary
• Price declined from 1.119 to 1.096 over 24 hours, forming bearish engulfing patterns mid-session.
• RSI dropped below 30, indicating oversold conditions, while MACD showed negative divergence.
• Bollinger Bands contracted in the early morning before a sharp expansion as volatility increased.
• Trading volume spiked during the 03:00–05:00 ET window, aligning with a strong downward move.
• Fibonacci retracement levels from the 1.119 high show key support at 1.105 and 1.093.

S.S. Lazio Fan Token/Tether (LAZIOUSDT) opened at 1.117, peaked at 1.119, and bottomed at 1.085, closing at 1.096. Total volume reached 202,519.99, with notional turnover of 222,915.30. The 24-hour decline was marked by increasing bearish momentum and heightened volatility.

Structure & Formations

Price tested key resistance at 1.115–1.119, failing to hold and triggering a pullback. A bearish engulfing pattern formed around 17:30 ET, confirming the shift in sentiment. A long-legged doji at 05:15 ET signaled indecision, though this was followed by a sharp continuation lower. Support levels at 1.105 and 1.093 were tested and partially held, with a breakdown below 1.093 indicating further downside risk.

Moving Averages

On the 5-minute chart, price fell below both the 20- and 50-period moving averages, reinforcing bearish bias. On the daily chart, price remains below the 50-period line, near the 100- and 200-period lines, suggesting possible consolidation or a continuation of the downtrend.

Momentum & Volatility

RSI dipped below 30 during the 04:00–05:00 ET window, indicating oversold territory, but failed to trigger a rebound. MACD showed a bearish crossover with a negative histogram, highlighting declining momentum. Bollinger Bands tightened during the overnight hours before expanding as price dropped sharply, signaling rising volatility.

Volume & Turnover

Volume surged between 03:00–05:00 ET as price fell toward 1.093, confirming the strength of the bearish move. Turnover aligned with volume surges, particularly in the 05:00–06:00 ET window. However, volume during the morning hours was weaker, suggesting reduced conviction in the rally attempts.

Forward-Looking View

The breakdown below 1.093 could target 1.080–1.085, with potential for a short-term rebound if buyers emerge near 1.093. However, the bearish bias remains intact, and a failure to reclaim above 1.105 could reinforce the downtrend. Investors should monitor volume and RSI for signs of exhaustion or reversal.

The next 24 hours may bring a test of 1.080 or a short-lived rebound, but elevated volatility and bearish momentum increase the risk of a deeper pullback.