Market Overview for AS Roma Fan Token/Tether (ASRUSDT)

Summary
• Price declined to a 24-hour low of 1.717, forming bearish engulfing and hanging man patterns.
• RSI entered oversold territory below 30, suggesting potential short-term bounce may be possible.
• Bollinger Bands showed a volatility expansion, with price closing near the lower band, indicating bearish pressure.
• Volume increased sharply in the final 2 hours ET, coinciding with a sharp price drop.
• 50-period moving average on the 5-min chart acted as dynamic resistance, with multiple rejections observed.

Market Overview

At 12:00 ET, AS Roma Fan Token/Tether (ASRUSDT) opened at 1.902, reached a high of 2.005, and closed at 1.74. The 24-hour low was 1.633. Total volume traded was 5.97 million, with a notional turnover of 11.01 million.

Structure & Formations

Price action exhibited clear bearish momentum, with a sharp selloff from the intraday high of 2.005 to a low of 1.633. A bearish engulfing pattern formed near 1.865, confirming a shift in sentiment. A hanging man pattern emerged near 1.932, indicating weakening bulls. The 1.875–1.895 range acted as a key resistance cluster on the 5-min chart.

MACD & RSI

MACD turned bearish after a mid-day crossover, with the histogram showing increasing bearish divergence. RSI dipped below 30 during the final 2 hours, signaling potential oversold conditions and hinting at a possible near-term bounce.

Bollinger Bands

Bollinger Bands widened significantly as the price dropped, reflecting growing volatility. The price closed near the lower band at 1.74, suggesting bearish exhaustion might be near, but without a strong reversal signal, further weakness could follow.

Volume & Turnover

Volume surged during the final 2 hours of the 24-hour period, with a large block of 346,709.6 volume trading at 1.715. Price and turnover moved in alignment during the selloff, confirming bearish conviction.

Fibonacci Retracements

On the 5-min chart, the price found support at the 61.8% retracement of the 1.87–1.93 swing at 1.885, but failed to hold it. Daily Fibonacci levels showed a critical 61.8% level at 1.825, which was also tested but broken.

ASRUSDT may test the next support level near 1.68–1.70 in the next 24 hours. Investors should monitor the 1.85 level for potential short-term bounces, but bearish momentum could persist unless a strong reversal pattern emerges.