Santos FC Fan Token (SANTOS) Bearish Price Structure, Support and Resistance

Santos FC Fan Token (SANTOS) closed at 0.784 USDT on May 29, 2026, down 1.51%. The asset now sits in a bearish structure. Price entered this structure after closing below 55-day support at 0.987 USDT on May 22, 2026. Current 55-day support is near 0.769 USDT, with resistance near 1.38 USDT. A daily close above MA14 at 0.934214 USDT would weaken the regime and shift price back into sideways.

Santos FC Fan Token spent about 59 sessions consolidating above the 0.987 USDT support level before a breakdown closed below it. This confirmed the bearish structural transition. The extended compression period shows sustained pressure at the support level, where repeated attempts to hold failed until sellers took control and pushed the price lower.

SANTOS is trading below all key moving averages. MA9 at 0.877778 USDT stands as the first moving-average resistance area to watch. The more notable signal is downside extension: SANTOS sits 29.62% below MA50, while its historical range runs from -37.19% to 46.09%. Price is now approaching the lower end of that historical range, which means the downside move is pronounced but also raises mean-reversion risk from a stretched position.

SANTOS shows high trading friction, with a 3-day friction score of 34.3. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.

Open interest fell -8.36% in one day and remains near the lower side of its 30-day range. This shows participation is weak and exposure is still being reduced.

Funding is positive on the 24-hour average at +0.005000%, with the 7-day average also positive at +0.005000%. This shows sustained long-side cost pressure across both short and medium windows.

The long/short ratio is 2.73, sitting near the upper side of its 180-day range at 92.62%. This means long accounts are unusually dominant compared with recent history.

SANTOS shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is strengthening. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.

SANTOS is showing wider movement, but participation is not fully backing it. ATR% reads 8.99, close to the top of its 60-day range, while Bollinger Band width% reads 56.14, above its 60-day range. 20-day Volume Z-score is -0.65, showing slightly below-normal participation.

Momentum is weaker. RSI is 21.31, ROC14 is -28.07%, and MACD histogram is negative. These readings point in the same direction: downside pressure is active, while recovery pressure remains limited.

The read is cautious: downside momentum is active, but volatility and participation do not confirm a strong break yet.

The Sigloid Index remains in a sideways regime, showing no clear broad market direction. SANTOS has a moderate link to that market condition, so broader market moves can influence price behavior, but the effect is not consistent.

For SANTOS, the next structural shift depends on key levels. Staying below MA14 at 0.934214 USDT keeps the current trend intact. A daily close above MA14 would weaken the structure and push price back into a range, while a confirmed break above 55-day resistance at 1.38 USDT would establish a bullish regime.