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

Summary
• Price action showed a bearish reversal from 2.026e-05, forming a potential top.
• RSI entered overbought territory briefly, but failed to confirm further bullish momentum.
• Volume spiked at key turning points, especially during the 20:30–21:00 ET correction.
• Bollinger Bands widened as volatility increased, with price testing the upper band twice.
• 20-period MA on the 5-minute chart turned downward, reflecting immediate bearish bias.

Santos FC Fan Token/Bitcoin (SANTOSBTC) opened at 1.946e-05 on 2025-12-22 at 12:00 ET, reached a high of 2.026e-05, fell to a low of 1.913e-05, and closed at 1.947e-05 on 2025-12-23 at 12:00 ET. Total volume was 14,243.25, and notional turnover amounted to 2.74 (in BTC equivalent).

Structure & Moving Averages

Price peaked near 2.026e-05 before consolidating into a bearish trend. A large bearish engulfing candle marked the top. The 20-period moving average on the 5-minute chart turned downward after the peak, reinforcing the bearish shift.

. Daily 50/200 MA suggests neutral to bearish bias with no clear bullish signals.

Momentum and Volatility

RSI briefly entered overbought territory at 76, but momentum failed to sustain higher highs, indicating bearish exhaustion. MACD diverged from price near the peak, signaling weakening bullish conviction. Volatility expanded with Bollinger Bands widening, and price closed near the middle band, suggesting consolidation ahead.

Volume and Fibonacci Levels

Volume spiked at critical reversal points, most notably during the sharp drop from 2.026e-05 to 1.981e-05. Turnover and price action aligned during these moves, supporting the bearish bias. Fibonacci retracement levels suggest potential support near 1.913e-05 (61.8% retracement) and 1.943e-05 (38.2%), which could dictate near-term behavior.

Market appears to have formed a potential top near 2.026e-05, with buyers failing to hold above 1.986e-05. A test of 1.913e-05 may be in play, with the 1.943e-05 level likely to be a near-term floor. Traders should watch for a breakdown below 1.943e-05 as a potential trigger for extended bearish action. As always, keep a stop-loss near key support levels due to the high volatility.