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

• SANTOSBTC opened at $0.00001657 and closed at $0.00001616, down 3.67% over 24 hours.
• Price tested key resistance near $0.00001739 and support near $0.00001585, with a bearish breakdown below mid-range.
• Volatility spiked mid-day, but volume waned in the last 6 hours, signaling waning momentum.
• RSI dropped into oversold territory, while MACD showed bearish divergence with price.
• Price appears to be entering a consolidation phase near the 50-period 15-min MA and 61.8% Fibonacci level.

The Santos FC Fan Token/Bitcoin (SANTOSBTC) pair opened at $0.00001657 on 2025-10-04 at 12:00 ET-1 and closed at $0.00001616 as of 12:00 ET on 2025-10-05. The 24-hour high was $0.00001739, while the low hit $0.00001585. Total trading volume was approximately 64,605.56 BTC, with notional turnover reaching $10.38 (based on BTC price of $67,000 as of 2025-10-05). The price moved in a bearish direction throughout the session, with a breakdown below key mid-range support and a lack of follow-through volume in the final hours.

The 15-minute chart shows a key bearish engulfing pattern forming around 19:30 ET, which confirmed the downward trend. Support levels to watch include $0.00001655 (50-period MA), $0.00001630 (38.2% Fibonacci retracement), and the critical $0.00001616 level (61.8% Fibonacci). Resistance remains at $0.00001739 and $0.00001725. A bearish divergence on the MACD and an RSI dipping into oversold territory suggest potential exhaustion in the short term, but bearish momentum appears intact. The 20-period and 50-period moving averages on the 15-minute chart are aligned bearishly, with the 50-period MA currently at $0.00001655.

Bollinger Bands show a recent expansion following a contraction, indicating increased volatility, though recent price action has stayed within the lower half of the bands. Volume increased significantly in the early hours (00:15–04:00 ET), but then declined sharply from 06:00 ET onward, despite price remaining near key Fibonacci levels. This volume tapering suggests waning participation, which may signal a potential short-term reversal or consolidation. The 50/100/200 daily moving averages are not fully available in the dataset, but based on the 15-minute structure, the pair is likely below its 50-period daily MA, reinforcing a bearish outlook.

The RSI dipped below 30 on multiple 15-minute intervals, indicating oversold conditions, while MACD continued to trend lower with a bearish crossover. Price is currently forming a potential bullish pattern near the 61.8% Fibonacci level, suggesting a possible bounce, but without a clear break above $0.00001630, the bearish bias remains. Traders should monitor volume and price action around these levels to assess the strength of any reversal attempt.

Backtest Hypothesis

A potential backtest strategy for SANTOSBTC involves entering long positions when the price crosses above the 50-period moving average on the 15-minute chart and RSI moves above 30, indicating oversold recovery. A short entry may be triggered when price closes below the 50-period MA with a bearish engulfing pattern and RSI below 30. Stop-loss levels could be set just above recent swing highs, and take-profit targets aligned with Fibonacci retracements. Given the recent volume profile and price action, the strategy would aim to capture mean-reversion moves within the defined range, with particular attention to volume confirmation for trend sustainability. This approach could be evaluated over a 200-day historical period to test robustness across varying market conditions.