Market Overview for Santos FC Fan Token/Bitcoin (SANTOSBTC) on 2025-09-15

• Price declined from 1.625e-5 to 1.545e-5, closing 5.5% lower in 24 hours.
• RSI reached oversold territory near 25, suggesting potential short-term rebound.
• Volume was high during the late-night decline, but low at the end of the day, indicating possible exhaustion.
• Bollinger Bands show tightening volatility, with price at the lower band near 1.545e-5.
• A bearish engulfing pattern formed during the 09:45–10:00 ET session, confirming bearish momentum.

Santos FC Fan Token/Bitcoin (SANTOSBTC) opened at 1.625e-5 on 2025-09-14, reached a high of 1.625e-5, a low of 1.545e-5, and closed at 1.545e-5 on 2025-09-15. The total 24-hour volume was 1,267.15 BTC, with a notional turnover of 0.0201 BTC.

Structure & Formations

The price formed a bearish engulfing pattern during the 09:45–10:00 ET session, confirming a shift in sentiment to the downside. A doji was observed at the 02:15–02:30 ET window, indicating indecision after the sharp decline. Key support levels appear to be forming around 1.562e-5 and 1.545e-5, with a strong bearish trendline established from 1.625e-5 down to the current price. A bullish reversal may be attempted if price retests the 1.545e-5 level with increasing volume.

Moving Averages and Indicators

The 20-period and 50-period moving averages on the 15-minute chart are converging downward, reinforcing the bearish trend. The 50-period MA is currently at ~1.59e-5, above the current price, suggesting a bearish crossover is likely. The 50/100/200 daily MAs show a descending structure, with the 200-period MA acting as a strong resistance at ~1.61e-5. RSI is at 24, indicating oversold conditions, but this may not trigger a strong rebound unless bullish volume increases. The MACD is negative and the signal line is pulling away, suggesting momentum is slowing, but not reversing.

Bollinger Bands and Volatility

Volatility has contracted significantly in the last 6 hours, with the bands tightening and the price currently sitting at the lower band near 1.545e-5. This contraction may precede a breakout to the upside or downside. A break below the lower band may signal continued bearish pressure, especially if volume picks up again. The ATR (14-period) appears to be around 0.000000008 BTC, confirming low volatility in the current phase.

Volume & Turnover

Volume spiked significantly during the 01:15–01:30 ET and 10:45–11:00 ET windows, coinciding with sharp downward price moves. Notional turnover followed volume closely, but the final 4 hours showed zero turnover, indicating no strong buyers at the current price. A bearish divergence appears between the volume profile and the RSI, suggesting sellers are exhausted, and buyers may step in on a retest of key support.

Fibonacci Retracements

On the 15-minute chart, the recent 1.625e-5 to 1.545e-5 move aligns with the 61.8% Fibonacci retracement level at ~1.562e-5, which has shown strong support. If the price holds above this level, it may bounce back toward 1.572e-5 (38.2% retracement). On the daily chart, the 61.8% retracement of the 1.625e-5 to 1.545e-5 move is at ~1.58e-5, which may act as a key pivot point for a potential bullish reversal.

Backtest Hypothesis

The observed bearish engulfing pattern and oversold RSI at the end of the 24-hour period suggest a potential short-term rebound. A backtest strategy could involve entering a long position if price retests the 1.545e-5 level with volume above 10 BTC, with a take-profit target at 1.572e-5 (38.2% Fibonacci) and a stop-loss just below 1.54e-5. This aligns with the RSI divergence and Bollinger Band contraction, suggesting a high-probability bounce rather than a deeper bearish continuation.