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

• Price formed a strong bullish trend in the 15-minute timeframe, climbing from $0.00001631 to $0.00001888 before consolidating.
• Volatility expanded mid-day, with sharp volume surges confirming key breakouts and pullbacks.
• RSI signaled overbought conditions near $0.00001893, hinting at potential pullback pressure.
• Bollinger Bands expanded significantly after 19:00 ET, indicating heightened market participation.
• Total volume hit 34,886.66 BTC, with notable accumulation near $0.00001785 and $0.00001835.

24-Hour Summary

Santos FC Fan Token/Bitcoin (SANTOSBTC) opened at $0.00001631 (12:00 ET – 1) and advanced to a high of $0.00001888 before settling at $0.00001781 (12:00 ET). The 24-hour trading window recorded a total volume of 34,886.66 BTC and a notional turnover of $6.05 (approx.), with a clear emphasis on accumulation and breakout activity in the 19:00–20:30 ET window.

Structure & Formations

The price action displayed a key breakout from a descending triangle pattern during the 19:00–19:15 ET window, reaching a high of $0.00001888. This move was confirmed by strong volume, but a bearish engulfing pattern followed, signaling potential short-term consolidation. A strong support level emerged at $0.00001760–$0.00001780, where the price found buyers after a mid-day correction. A bullish hammer formed at 02:45 ET, indicating potential reversal, though it lacked follow-through. Key resistance levels appear at $0.00001835 and $0.00001860, with a bearish rejection at the latter around 06:00 ET.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA around 19:30 ET, indicating a strong bullish bias. The 50-period MA acted as dynamic support during the 22:00–00:00 ET window. On a daily chart, the 50-period MA appears to be trending upward but is still distant from the current price, suggesting the recent rally is a short-term deviation.

MACD & RSI

The MACD showed a strong bullish crossover and histogram expansion during the 19:00–20:00 ET window, aligning with the breakout. RSI peaked at 67–69 near $0.00001893, entering overbought territory and suggesting a likely pullback. A bearish divergence began to appear in the late hours as RSI moved lower while the price remained flat. The RSI crossed below 50 at 06:00 ET, signaling a shift in momentum.

Bollinger Bands

Volatility contracted between 18:00–19:00 ET, followed by a sharp expansion as the price broke through the upper band at $0.00001888. This breakout was accompanied by a 30–40% widening of the bands, indicating increased market participation and speculative activity. The price spent most of the session within the bands, with only a brief spike above the upper band, suggesting the move is not yet overextended.

Volume & Turnover

Volume spiked to 4,756.66 BTC at 19:00 ET, confirming the breakout from the triangle pattern. A smaller but significant volume bar occurred at $0.00001835 (18:30 ET), reinforcing the level as a key area of interest. However, turnover declined after 01:00 ET, despite the price hovering near key resistances. This may indicate a lack of conviction among longs. A volume divergence appeared at 06:00 ET, as volume declined while the price remained near $0.00001835, hinting at potential exhaustion.

Fibonacci Retracements

Applying Fibonacci to the key swing from $0.00001631 to $0.00001888, the price found support at the 61.8% level ($0.00001785) and again at $0.00001760. The 38.2% level ($0.00001780) acted as a pivot point during the consolidation phase. On the daily chart, a key Fibonacci level at $0.00001835 appears to be a recurring point of resistance, suggesting it may play a role in near-term positioning.

Backtest Hypothesis

A potential backtest strategy could be triggered around 19:00–19:30 ET, where the breakout from a clear descending triangle was confirmed by both volume and price action. A long entry could have been taken near the 20-period MA at $0.00001725, with a stop-loss placed below the triangle’s trendline at $0.00001695 and a target aligned with the 61.8% Fibonacci level at $0.00001785. The move toward $0.00001888 could have been captured as a trailing stop or through dynamic adjustments. A short entry could have been initiated at $0.00001893, based on RSI divergence and a bearish engulfing pattern, with a target at $0.00001760–$0.00001780 and a stop above $0.00001900. This strategy highlights the utility of combining volume, trend patterns, and Fibonacci retracements for a medium-term directional bias.