Market Overview for Santos FC Fan Token/Bitcoin (SANTOSBTC) – November 12, 2025

Summary
• Price declined from 1.42e-05 to 1.377e-05 amid uneven volume distribution.
• A bearish breakdown below 1.40e-05 signaled further downside potential.
• High volatility seen in the 20:00–03:00 ET window, with price bouncing off 1.37e-05.
• MACD and RSI suggest weak momentum and oversold conditions, though volume diverged from price.

Market Overview

On November 12, 2025, Santos FC Fan Token/Bitcoin (SANTOSBTC) opened at 1.42e-05 and closed at 1.377e-05 after a 24-hour trading window that spanned from 12:00 ET − 1 to 12:00 ET. The pair reached a high of 1.44e-05 and a low of 1.369e-05. Total trading volume reached 14,183.01 units, while notional turnover amounted to a moderate level given the small size of the fan token.

Structure & Formations

Price action shows a bearish bias, with a breakdown below key support at 1.40e-05. A strong bearish trend formed between 18:30 and 20:00 ET, followed by a consolidation phase below 1.38e-05. A small bullish rebound emerged from 23:00 to 03:45 ET, suggesting a temporary oversold condition. No clear bullish patterns were observed, but a breakdown candle at 18:30 ET confirmed bearish momentum.

Moving Averages and Indicators

On a 15-minute chart, the 20 and 50-period moving averages are in a descending pattern, reinforcing the bearish setup. RSI approached oversold territory near 30, but failed to trigger a meaningful rally, signaling potential for a deeper correction or a reversal attempt. MACD is in negative territory, with bearish divergence forming in the 20:00–23:00 ET window.

Bollinger Bands show a moderate expansion in volatility, with price lingering near the lower band for most of the session. The 23:00–00:00 ET window saw a minor rebound but remained within the bounds of the 2σ range.

Fibonacci retracement levels from the high of 1.44e-05 to the low of 1.369e-05 show 38.2% at ~1.416e-05 and 61.8% at ~1.393e-05. Price briefly tested these levels during the overnight rebound but failed to hold above either, suggesting these areas may continue to act as resistance.

Volume & Turnover

Volume spiked during the bearish breakdown at 18:30 ET, reaching 3,103.08 units, while turnover remained proportionate. However, after the breakdown, volume declined to near zero during several 15-minute intervals, signaling a lack of follow-through on the downward move. The price rebound after 23:00 ET was accompanied by modest volume, indicating weak conviction in the reversal.

Backtest Hypothesis

The Marubozu-White candlestick pattern, a strong bullish reversal signal, could have been used in a backtest for SANTOSBTC. However, due to the data service's inability to recognize the symbol, the analysis could not proceed. If a valid ticker were available, the strategy would involve identifying Marubozu-White occurrences, holding the position for one trading day, and measuring the performance. This could provide insight into whether such a pattern is effective in predicting short-term reversals in this unique crypto fan token.