AS Roma Fan Token/Tether (ASRUSDT) Market Overview

• ASRUSDT traded in a 24-hour range of $2.248–$2.284 with a 15-minute close of $2.267 on 2025-10-08 at 12:00 ET.
• Price consolidation below $2.275 resistance was evident, with bearish momentum intensifying after 17:00 ET.
• Volatility expanded between 16:00–17:45 ET, but failed to trigger a breakout above $2.280 or below $2.260.
• RSI hit 29 by 01:15 ET, signaling oversold conditions, but a rebound remains unconfirmed.
• Turnover of $78,452 shows uneven volume flow with notable accumulation near $2.260–$2.265.

Market Overview and Opening Summary

AS Roma Fan Token/Tether (ASRUSDT) opened at $2.298 on 2025-10-07 at 12:00 ET, reached a high of $2.332, and closed at $2.267 at 12:00 ET on 2025-10-08. The token traded between $2.248 and $2.284 over 24 hours with a total trading volume of $39,887 and a notional turnover of $78,452. Price action displayed a bearish consolidation trend, with a potential support forming in the $2.260–$2.265 range.

Structure & Formations

The 15-minute chart showed a clear bearish drift after 16:00 ET with a series of lower highs and lower lows forming a descending trendline. Key support levels emerged at $2.260, $2.254, and $2.248, the latter of which was briefly tested before a modest rebound. A notable bearish engulfing pattern occurred at 16:45 ET (candle closing at $2.285), signaling a potential reversal from bullish to bearish momentum. A doji appeared at 19:30 ET (closing at $2.258), indicating indecision around $2.260. Resistance levels to watch include $2.275 and $2.280, with a failed attempt to breach $2.280 indicating a short-term ceiling.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages (MA) remained bearish, with the price staying below both. The 20-MA crossed the 50-MA to the downside, reinforcing a bearish bias. Over the daily timeframe, a 50-period MA (not provided) and 100-MA would likely confirm a bearish trend, with the price still below these key indicators. A crossover back above the 20-MA would be a potential short-term reversal trigger, but current momentum suggests further consolidation below $2.275 is more probable.

MACD & RSI

The MACD (12, 26, 9) showed a bearish crossover in the 16:00–17:30 ET window, with the line crossing below the signal line and remaining negative. This aligns with the descending price trend. The RSI hit 29 by 01:15 ET, suggesting oversold conditions, yet a rebound to 45 by 02:30 ET failed to generate a convincing breakout above $2.270. This suggests weak follow-through from sellers and a possible pause in bearish momentum, though a sustained move above $2.275 would be needed to confirm a reversal.

Bollinger Bands

Volatility expanded between 16:00 and 17:45 ET, with price swinging between the upper and lower bands before narrowing into the midline. Price remained below the 20-period Bollinger Band midline throughout the period, indicating bearish bias. A breakout above the upper band (around $2.280) would suggest increased bullish confidence, but current positioning suggests a retest of the lower band ($2.258–$2.260) is likely before any bullish reversal can occur.

Volume & Turnover

Volume and turnover spiked between 16:00 and 17:45 ET during the initial bearish breakdown and again between 00:30–02:30 ET during the RSI rebound. However, these surges did not lead to a confirmed breakout above $2.280 or below $2.248. Divergence was observed between volume and price between 02:30 and 05:00 ET, where volume waned despite a continued descent. This suggests weakening bearish conviction and a possible short-term pause in the downward trend. Accumulation appears to be occurring between $2.260 and $2.265, with a volume-weighted average price (VWAP) hinting at a potential support level in that range.

Fibonacci Retracements

Applying Fibonacci retracements to the 16:00–17:45 ET swing, key levels at 38.2% ($2.269), 50% ($2.264), and 61.8% ($2.259) acted as psychological zones for price action. The 61.8% level ($2.259) provided temporary support before a rebound occurred. On a daily chart, if a larger swing (e.g., a recent high-to-low move) is applied, the 50% retracement would likely fall within the current $2.260–$2.265 range, reinforcing the possibility that the market is consolidating before a potential breakout or breakdown.

Backtest Hypothesis

A potential backtest strategy involves entering long positions when price closes above the 20-period MA on the 15-minute chart and the RSI crosses above 30, while placing a stop-loss just below the most recent swing low. For short positions, the trigger would be a close below the 20-period MA and an RSI drop below 70, with a stop above the most recent swing high. This approach leverages momentum and moving average direction to capture short-term trends while managing risk through defined entry and exit levels. Given the recent bearish bias and RSI divergence, the short-biased version of this strategy may currently be more relevant.