Summary
• Price tested key resistance at 1.103 before correcting sharply on high-volume divergence.
• RSI and MACD signaled overbought conditions before a sharp drop late in the 24-hour window.
• Volatility expanded in the afternoon before a sharp 4% pullback in the last 15 hours.
• Bollinger Bands showed a contraction early, followed by a breakout and retesting.
• A bearish engulfing pattern formed near 1.105–1.103, suggesting potential support at 1.098.
S.S.
Fan Token/Tether (LAZIOUSDT) opened at 1.093 on 2026-01-06 12:00 ET and closed at 1.052 by 12:00 ET on 2026-01-07. The 24-hour high was 1.115, while the low was 1.050. Total volume reached 182,660.68 and turnover was 194,562.28, showing strong participation before the late decline.
Structure and Key Levels
Price formed multiple small resistance clusters between 1.101 and 1.105, with a bearish engulfing pattern forming at 1.103. A key support level appeared at 1.098, where price bounced briefly twice. The 1.087–1.095 range acted as a consolidation zone after the breakdown.
Volatility and Momentum
a candlestick chart showing a bearish engulfing pattern at 1.103 with RSI peaking at overbought levels
Bollinger Bands showed a tightening squeeze in the morning, followed by a breakout to the upside. However, momentum from that breakout dissipated quickly, with RSI peaking at overbought levels and MACD diverging from price as the decline began. This suggests a lack of follow-through on the bullish move.
Volume and Divergence
Volume spiked during the morning rally and again during the afternoon’s attempted bounce, but a significant divergence occurred in the final 4 hours as price dropped sharply while volume declined. This divergence hints at potential capitulation or profit-taking.
Looking Ahead
The next 24 hours could see a test of the 1.064–1.071 range, where earlier support may now act as a pivot point. Investors should monitor volume for signs of accumulation or selling pressure. A break below 1.052 could signal a deeper correction, but volatility may remain high in a mixed sentiment environment.
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