Market Overview for Santos FC Fan Token/Bitcoin (SANTOSBTC)

• Price closed 1.648e-05 after a 1.1% gain, with strong buying pressure in late ET hours.
• Volatility expanded, with a 24-hour range of 1.601e-05 to 1.650e-05 and a 3.8% swing.
• Volume surged to 29.3k BTC, but turnover remained muted, suggesting fragmented participation.
• RSI hovered around neutral levels, indicating balanced momentum and no overbought/oversold extremes.
• Price tested and bounced off key support at 1.626e-05 before closing near session high.

The Santos FC Fan Token/Bitcoin (SANTOSBTC) pair opened at 1.631e-05 on 2025-09-09 12:00 ET, reached a high of 1.650e-05, and a low of 1.601e-05, closing at 1.648e-05 by 12:00 ET on 2025-09-10. Total volume amounted to 31,785.15 BTC, while notional turnover was limited due to the small size of the fan token, suggesting speculative trading dominated.

Structure & Formations

The 24-hour chart displayed a bullish reversal from a key support level near 1.626e-05, followed by a sharp recovery in late ET hours. Notable candlestick patterns include a bullish engulfing at 1.626e-05 and a bearish rejection at 1.650e-05. A doji at 1.641e-05 signaled indecision among traders. The price is currently above both the 20-period and 50-period moving averages on the 15-minute chart, indicating near-term bullish bias.

Moving Averages and Momentum

The 20-period MA on the 15-minute chart crossed above the 50-period MA at 1.63e-05, forming a golden cross, which historically has acted as a bullish trigger. The 50-period EMA currently sits at 1.640e-05, supporting the upward bias. On the daily chart, the 50-day MA is at 1.635e-05, with price above it for the last three sessions. The MACD (12,26,9) is in positive territory with a rising histogram, reinforcing momentum. RSI is at 52.3, suggesting balanced momentum but no overbought conditions.

Volumes and Turnover

Volume spiked during the 0500–0545 ET hours and again during the 1000–1200 ET session, coinciding with price surges to 1.648e-05 and 1.650e-05. However, turnover remained muted, pointing to low base-asset liquidity and likely retail-driven activity. Divergence between price strength and turnover suggests caution for the next 24 hours. Bollinger Bands have widened as volatility increased, with price closing near the upper band, which may act as a short-term ceiling.

Fibonacci Retracements

Applying Fibonacci retracements to the key swing from 1.601e-05 to 1.650e-05, the 38.2% level (1.629e-05) and 61.8% level (1.637e-05) appear to have acted as dynamic support levels. The current price is hovering near the 78.6% level (1.646e-05), suggesting that a continuation above this threshold could trigger a retest of 1.650e-05 as a potential short-term resistance.

Backtest Hypothesis

A potential backtesting strategy involves entering long positions on a bullish engulfing pattern near a 38.2% Fibonacci level, with a stop-loss placed below the previous swing low and a target at the 61.8% level. The MACD crossover and RSI above 50 could serve as confirmation filters. Given the current positioning near 1.646e-05 and rising momentum, this strategy could be tested in the next 24–48 hours to assess its robustness in a low-liquidity fan token pairing like SANTOSBTC.