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

• Price opened at $0.95 and closed near $0.938 after a volatile 24-hour session
• A significant intraday high of $0.962 was followed by a strong pullback
• Volume spiked during the rally but diverged with price toward the close
• RSI indicated overbought conditions at the peak and oversold near close
• Bollinger Bands showed expanding volatility during the session

The S.S. Lazio Fan Token/Tether USDt (LAZIOUSDT) opened at $0.95 on 2025-09-10 at 12:00 ET and closed at $0.938 at 12:00 ET the following day. The pair reached a high of $0.962 and a low of $0.937. Total volume across the 24-hour period was approximately 148,800.00 with a notional turnover of around $137,858.00.

Structure & Formations

The chart shows a distinct bearish reversal pattern forming after a bullish push near $0.962. A key resistance level is identified at $0.962, where price failed to maintain gains. On the downside, $0.940–$0.941 appears to be a critical support level. A long lower shadow on the final candle suggests lingering bearish pressure, with a possible continuation of the downward trend.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed to the upside during the bullish phase but have since flattened. The 50-period line is now acting as a dynamic resistance. On the daily chart, the 50-period MA is slightly above current levels, suggesting a potential retest could trigger a bounce if volume supports the move.

MACD & RSI

The MACD histogram showed a strong positive divergence during the rally but has since reversed into negative territory, aligning with the price pullback. The RSI reached overbought territory at 75+ during the peak and dropped sharply to near 25 at close, indicating oversold conditions. A potential bounce could emerge, but a breakdown below key support could extend the downward trend.

Bollinger Bands

Bollinger Bands widened significantly during the bullish push and have since narrowed, suggesting decreasing volatility. Price closed near the lower band at $0.937–$0.938, reinforcing a potential short-term bottoming scenario. A break above the midline of the bands may signal a recovery in momentum.

Volume & Turnover

Volume spiked during the bullish breakout near $0.962, with a total of over 8,000 units traded in that period. However, volume has since declined, and the final 15-minute candle at $0.937–$0.938 saw relatively low volume, suggesting weak conviction. A divergence between price and volume toward the close hints at a lack of follow-through in the bearish trend.

Fibonacci Retracements

Fibonacci levels drawn from the $0.937 low to the $0.962 high show the price testing the 61.8% ($0.951) and 50% ($0.949) retracement levels during the pullback. A potential rebound may target the 38.2% level at $0.955 before the next resistance at $0.962.

Backtest Hypothesis

The backtest strategy leverages a combination of RSI divergence and volume-volume crossover to identify potential trend reversals. During the rally near $0.962, RSI showed a bullish divergence, but volume failed to confirm the move. Conversely, during the decline to $0.938, RSI showed a bearish divergence and volume supported the move. A strategy entering short at $0.955 with a stop above $0.962 and a target at $0.940–$0.937 could be backtested on this pattern. This aligns with the observed structure and momentum divergence.