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Summary
• SANTOSBTC opened at $2.151e-05 and closed at $2.176e-05 after a volatile 24-hour session.
• A bearish engulfing pattern emerged early, followed by a late rally into new highs and consolidation.
• Volume spiked at 21:45 ET and 11:45 ET, coinciding with sharp price moves.
• RSI reached oversold conditions before the 11:45 ET rally, hinting at a potential short-term bounce.
• Bollinger Bands expanded after 19:45 ET, signaling a period of increased volatility.
The Santos FC Fan Token/Bitcoin (SANTOSBTC) pair opened at $2.151e-05 on 2026-01-11 at 12:00 ET and closed at $2.176e-05 one day later. During the session, the pair reached a high of $2.29e-05 and a low of $2.088e-05. Total volume for the 24-hour period was 3,666.87, with a notional turnover of approximately $0.0805.

The candlestick structure showed a bearish engulfing pattern at 17:15 ET, followed by a bullish reversal at 19:45 ET and a final rally at 11:45 ET. A long-legged doji formed at 22:30 ET, suggesting indecision in the market. The price found support at $2.112e-05 and $2.088e-05, both of which acted as floor levels for a couple of retracements.
Using 20-period and 50-period moving averages on the 5-minute chart, the price moved above the 50SMA at 19:45 ET and remained above it for most of the session. The 20SMA crossed the 50SMA to the upside in late trading, forming a potential short-term bullish signal.
MACD showed a positive crossover at 20:30 ET, aligning with the price’s move higher. RSI dropped below 30 near $2.099e-05, indicating oversold conditions before the 11:45 ET rally. However, RSI remained in the mid-40s by the close, suggesting the pair may consolidate before the next directional move.
Bollinger Bands remained narrow until 19:45 ET, when they began to expand, reflecting rising volatility. The price moved above the upper band during the 11:45 ET spike, reaching a high of $2.29e-05. This suggests a breakout may be in play, though confirmation is still pending.
Volume spiked at 19:45 ET (514.0) and again at 11:45 ET (641.52), coinciding with sharp price movements. Notional turnover increased significantly at those times, indicating strong participation. A divergence between volume and price occurred during the 21:45 ET to 22:15 ET range, where price dipped but volume remained low—hinting at weak bearish conviction.
Key retracement levels were seen at the 61.8% and 78.6% levels of the 20:30 ET to 00:1500 ET move, which were tested but not broken. The final rally at 11:45 ET reached the 127.2% extension of that move, signaling a potential overextension.
While SANTOSBTC appears to have found a near-term bottom and is testing key resistance, traders should remain cautious as volatility remains elevated and momentum has not yet crossed into overbought territory. The next 24 hours may bring a test of the $2.29e-05 high or a pullback to the 50SMA for consolidation. Risk remains on the upside, but a break below $2.088e-05 could trigger renewed bearish pressure.
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