Summary
• Price action showed a steady decline with no bullish reversals observed.
• Volume spiked during the major bearish move post 19:00 ET.
• RSI suggests oversold conditions, potentially signaling a short-term bounce.
• Bollinger Bands show a tight contraction, hinting at low volatility.
• Fibonacci levels at 61.8% may act as a support near 2.082e-05.
Market Overview
The Santos FC Fan Token/Bitcoin (SANTOSBTC) opened at 2.168e-05 on 2025-12-11 12:00 ET, reaching a high of 2.168e-05 and a low of 2.066e-05, closing at 2.067e-05 on 2025-12-12 12:00 ET. Total 24-hour trading volume was 2,645.21 BTC, with a turnover of approximately $542,807.
Structure & Formations
Price action over the 24-hour period displayed a consistent bearish bias, with key support identified around 2.082e-05 and 2.066e-05. No strong bullish candlestick patterns like hammer or bullish engulfing were observed. A bearish engulfing pattern was evident from 19:00 to 19:15 ET, signaling continued downward momentum.
Moving Averages
Short-term moving averages on the 5-minute chart showed a clear bearish crossover, with the 20-period moving average well below the 50-period line. Daily moving averages (50/100/200) indicate a long-term bearish trend, with the price well beneath the 200-day line.
MACD & RSI
MACD showed bearish divergence, with the histogram narrowing into a possible consolidation phase. RSI reached oversold territory below 30, suggesting the possibility of a temporary bounce, but with no clear signs of a reversal.
Bollinger Bands
Volatility was at a 24-hour low, with the Bollinger Bands contracting significantly around the 2.067e-05 level. Price has remained near the lower band, suggesting the potential for a rebound off the band, but bearish pressure remains intact.
Volume & Turnover
The most notable volume spike occurred between 19:00 and 20:45 ET, coinciding with a sharp price decline. Turnover increased during the same period, confirming the bearish move. However, volume remained relatively low in the final hours, suggesting a potential pause in selling pressure.
Fibonacci Retracements
Fibonacci retracement levels from the previous 5-minute swing highlight potential support near 2.082e-05 (38.2%) and 2.066e-05 (61.8%). The 2.082e-05 level may offer a short-term bounce point, while 2.066e-05 could act as a critical support for near-term stability.
In the next 24 hours, a potential rebound off 2.066e-05 could occur, but sustained bullish momentum is unlikely without a significant volume increase. Investors should remain cautious as bearish pressure could continue.
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