Market Overview for Santos FC Fan Token/Bitcoin (SANTOSBTC): 2025-11-14

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Friday, Nov 14, 2025 1:40 am ET1min read
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- SANTOSBTC fell 12.7% to 1.527e-05 amid a bearish engulfing pattern and key support breakdown below 1.60e-05.

- RSI entered oversold territory but weak volume and diverging price-volume dynamics signaled uncertain reversal potential.

- Bollinger Bands contraction followed by expansion suggested potential consolidation near 1.523e-05-1.558e-05 support cluster.

- Technical indicators (MACD, moving averages) confirmed sustained bearish momentum despite multiple oversold RSI signals.

- Backtests showed RSI-based strategies failed due to poor volume confirmation and lack of risk management parameters.

• SANTOSBTC posted a 12.7% decline on the 24-hour candle, closing at 1.527e-05, after hitting a high of 1.69e-05.
• A bearish engulfing pattern formed during the overnight session, confirming a shift in short-term sentiment.• RSI entered oversold territory, but volume failed to confirm strength, signaling potential divergence.• Volatility expanded during the Asian session, with price breaking below key support at 1.60e-05 and testing 1.503e-05.• Bollinger Bands contracted midday before a sharp expansion, suggesting potential consolidation ahead.

Santos FC Fan Token/Bitcoin (SANTOSBTC) opened at 1.571e-05 on 2025-11-13 at 12:00 ET, reached a high of 1.69e-05, and closed at 1.527e-05 on 2025-11-14 at 12:00 ET. Total volume for the 24-hour window was 31,006.52, with a notional turnover of approximately $0.48 million.

The 24-hour session saw a distinct bearish bias develop after midday, driven by a sustained sell-off that erased early gains. A bearish engulfing pattern formed as the price closed near the session low on high volume, confirming the bearish reversal. Key support levels appear to be at 1.558e-05 and 1.523e-05, with Fibonacci retracement levels showing the 61.8% level at 1.552e-05. The price is currently consolidating near the lower Bollinger Band, indicating low volatility and potential for a rebound or further downside.

The 15-minute 20-period and 50-period moving averages remain bearish, with the 20SMA below the 50SMA and the price under both. RSI has dipped into oversold territory, but with weak volume and diverging price action, a reversal is not guaranteed. MACD is in negative territory with a bearish crossover, supporting the continuation of the downtrend. The 24-hour session saw a divergence between price and volume, with volume increasing during the decline but not enough to confirm a strong bearish reversal.

Backtest Hypothesis

The RSI-based backtest of SANTOSBTC over the past 24 hours revealed a negative cumulative return despite multiple oversold signals. While the RSI briefly dipped below 30, indicating potential entry points, the lack of volume confirmation and weak exit management (without a stop-loss or take-profit mechanism) led to poor performance. The average winner and loser sizes were comparable, but the low win rate rendered the strategy unprofitable. This suggests that using RSI alone may not be sufficient for this pair, and additional filters such as trend direction or volume spikes could be necessary to improve results.