Market Overview for Santos FC Fan Token/Bitcoin (SANTOSBTC) – 2025-10-08

• Price declined from 1.711e-05 to 1.595e-05 on 24-hour 15-min data.
• Key support seen at 1.606e-05, with consolidation around this level.
• Volume spiked late in the session, suggesting increased interest or dumping.
• RSI and MACD point to potential oversold conditions near 1.595e-05.
• Bollinger Bands show moderate volatility with price near the lower band.

The Santos FC Fan Token/Bitcoin (SANTOSBTC) pair opened at 1.695e-05 and peaked at 1.711e-05 on 2025-10-07 at 16:00 ET. It reached a 24-hour low of 1.595e-05 before closing at 1.595e-05 at 12:00 ET on 2025-10-08. Total volume over the 24-hour period was 16,274.61 BTC, with a notional turnover of approximately $2.76 (assuming a BTC price of $170,000).

The pair has exhibited a bearish trend over the past 24 hours, with multiple bearish candlestick formations including a strong bearish engulfing pattern around 16:45 ET on the 15-minute chart. A series of lower highs and lower lows from 16:00 to 19:45 ET suggests a shift in control to the bears. Notable support levels are forming at 1.606e-05 and 1.595e-05, where price has shown consolidation. The most recent candle closed near the lower end of the Bollinger Band, suggesting increased volatility and a potential oversold condition.

The 20-period and 50-period moving averages on the 15-minute chart both sit above the current price, reinforcing the bearish bias. The 50-period MA has acted as a resistance line in the recent decline. The RSI is currently near 25, signaling oversold territory, while the MACD is negative and trending downward, consistent with continued bearish momentum.

Bollinger Band contraction was observed during the overnight hours, followed by an expansion as the market opened in the Americas. This indicates a period of consolidation followed by a breakout to the downside. The 24-hour volume pattern shows increased activity in the last 3–4 hours, with a large spike at 21:45 ET when the price dropped sharply to 1.615e-05. However, no clear divergence between volume and price was observed, suggesting the move was confirmed rather than a potential reversal.

Fibonacci retracement levels from the recent swing high at 1.711e-05 and swing low at 1.595e-05 indicate that the 61.8% level is approximately at 1.622e-05. This area could offer a potential short-term resistance if the market reverses. The 38.2% level is near 1.651e-05, where a potential bounce or rejection could occur.

Backtest Hypothesis

A potential backtesting strategy for SANTOSBTC could involve a mean-reversion approach, targeting trades when the RSI dips into oversold territory (< 30) and the price is near the lower Bollinger Band. This would be combined with a confirmation that the 50-period MA is above the current price and that the MACD remains negative, signaling continued bearish momentum. The Fibonacci 61.8% level at 1.622e-05 could act as a short-term resistance for a short entry or a long exit. Stops could be placed below the last major support level, while take-profit targets align with the 38.2% or 50% retracement levels, or the 50-period MA. This strategy would focus on high-probability setups in a declining market with clear support/resistance zones.