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

Tuesday, Dec 16, 2025 6:08 am ET2min read
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- SANTOSBTC/Bitcoin traded in tight ranges with key support at 1.621e-05 after mid-day decline.

- RSI hit oversold levels and MACD showed weak bullish signals amid Bollinger Bands contraction and expansion.

- Volume spiked during 17:45-19:30 ET decline and overnight recovery, aligning with Fibonacci 61.8% retracement test.

- Price may retest 1.71e-05 resistance with caution advised on false breakouts and volume confirmation needed.

Summary
• Price fluctuated within a tight range, forming multiple consolidation patterns after a mid-day decline.
• Strong volume emerged during the afternoon dip and early overnight recovery, suggesting potential support.
• RSI signaled oversold conditions late in the session, while MACD showed a weak bullish crossover.
• Bollinger Bands showed a narrow mid-day contraction, later expanding during the price rebound.
• Turnover remained subdued except for a spike during the 17:45 ET to 19:30 ET price decline.

Santos FC Fan Token/Bitcoin (SANTOSBTC) opened at 1.71e-05 on December 15 at 12:00 ET, hit a high of 1.732e-05, a low of 1.621e-05, and closed at 1.71e-05 on December 16 at 12:00 ET. Total volume was 53,831.15, and notional turnover was approximately 9.08e-03 BTC.

Structure & Formations


The 24-hour chart for SANTOSBTC displayed a series of narrow range consolidation candles early in the session before a sharp decline from 17:45 to 19:30 ET. A key support level emerged around 1.621e-05, where the price held before beginning a slow recovery overnight. A bullish engulfing pattern formed between 01:00 and 01:30 ET, which could signal the start of a short-term reversal. A doji candle formed at 04:30 ET, hinting at indecision.

Moving Averages


On the 5-minute chart, the 20-period and 50-period moving averages remained close throughout the session, reflecting low volatility and lack of clear momentum. On the daily chart, the 50-period MA acted as a dynamic support around 1.67e-05, with the price testing this level multiple times before finding support lower. The 200-period MA remained bearish but has not yet been retested.

MACD & RSI


MACD showed a weak bullish crossover early in the morning, but this was quickly followed by a divergence as price continued to fall. RSI hit oversold levels (below 30) around 21:45 and 04:00 ET, indicating a potential reversal point. However, the RSI failed to sustain above 50, suggesting a lack of conviction in the upward bounce.

Bollinger Bands


Bollinger Bands tightened significantly during the consolidation phase from 18:00 to 21:00 ET, suggesting a potential breakout or breakdown was imminent. The price eventually broke down below the lower band, reaching a low of 1.621e-05, before bouncing back into the band’s channel during the overnight recovery.

Volume & Turnover


Volume spiked during the afternoon decline and again during the early morning recovery, suggesting active participation from traders during these key price moves. However, the high volume did not lead to a sustained price rebound, hinting at potential distribution or profit-taking.
Turnover showed a modest increase during the low-point phase, confirming the volume-driven decline.

Fibonacci Retracements


Applying Fibonacci to the 17:45–22:45 ET decline, price tested the 61.8% retracement level at 1.65e-05 before continuing lower. The overnight recovery found support at the 38.2% retracement level, which coincided with the 1.71e-05 consolidation range. This level could now act as a near-term resistance.

The price of SANTOSBTC may continue to test key support and resistance levels over the next 24 hours, with potential for either a breakout or consolidation if the 1.71e-05 level holds. Traders should remain cautious about false breakouts and watch for volume confirmation.