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

Summary
• Price fell sharply on high-volume selling pressure after hitting a 24-hour peak at $2.166e-05.
• Low volatility and consolidation in the final hours suggest possible short-term equilibrium.
• A bearish engulfing pattern at the top and a potential 61.8% Fibonacci retracement level at $2.013e-05 could signal near-term support.
• RSI entered oversold territory, hinting at possible near-term bounce, but bullish confirmation is pending.

Market Overview

At 12:00 ET-1 on 2025-12-13, Santos FC Fan Token/Bitcoin (SANTOSBTC) opened at $2.166e-05, reached a high of $2.166e-05, and closed at $1.983e-05 by 12:00 ET on 2025-12-14. The pair fell to a low of $1.967e-05, with total volume of 16,023.43 and turnover of $3.28 over the 24-hour window.

Structure & Moving Averages

The 5-minute chart shows a strong bearish bias, with price closing below both the 20-period and 50-period moving averages. On the daily chart, the 50-period MA at $2.03e-05 acts as a key resistance level, while the 200-period MA at $2.15e-05 represents a critical psychological threshold. A bearish engulfing pattern at the top of the range and a doji at $2.013e-05 suggest possible exhaustion of the initial downward wave.

Momentum and Volatility

The RSI hit oversold territory during the late night hours (02:00–04:00 ET), indicating potential for a short-term rebound. However, the momentum remains weak with the MACD line dipping below zero and the histogram showing bearish divergence. Bollinger Bands have narrowed significantly overnight, suggesting a potential breakout or reversal, although no clear direction is yet apparent.

Volume and Fibonacci Levels

Volume spiked during the early afternoon (19:30–20:45 ET) and again in the late evening (22:45–23:45 ET), aligning with sharp price declines. The 61.8% Fibonacci retracement level at $2.013e-05 has held twice as a potential support zone, and the 38.2% level at $2.144e-05 may serve as a pivot point for near-term trading decisions.

A potential test of $2.013e-05 may occur in the next 24 hours, with a failure to hold suggesting a deeper pullback. Investors should remain cautious of low volatility and the risk of sudden directional shifts amid thin volume.