AS Roma Fan Token/Tether Market Overview

• ASRUSDT traded in a 2.414–2.455 range today with bullish 60-minute breakout attempts.

• Momentum shifted from bearish to neutral in the afternoon with RSI stabilizing above 50.

• Bollinger Bands showed moderate volatility with price testing the upper band twice post-15:00 ET.

• Turnover spiked by 38% in the 6:45–7:00 ET window, confirming a strong breakout attempt.

• No major divergence between price and volume, suggesting strong buying interest.

AS Roma Fan Token/Tether (ASRUSDT) opened at 2.430 on 2025-09-15 12:00 ET and closed at 2.446 as of 2025-09-16 12:00 ET. The 24-hour high was 2.455, and the low was 2.414. Total trading volume was 331,652.1 and notional turnover reached $809,063.7.

Structure & Formations

Price action formed a bullish breakout pattern after forming a descending triangle with a key support at 2.414 and resistance at 2.455. A bullish engulfing pattern appeared at 09:30 ET, followed by a morning star pattern at 06:45 ET, both suggesting a reversal. A doji candle emerged at 03:00 ET, indicating indecision. The price found initial resistance at 2.446 and support at 2.434, with a bearish reversal forming at 03:15 ET but being rejected.

Moving Averages

On the 15-minute chart, the 20-period moving average (SMA20) crossed above the 50-period SMA (SMA50) at 05:00 ET, forming a golden cross. The daily chart showed the 50-day moving average (SMA50) just above 2.435, while the 100-day and 200-day SMAs were at 2.432 and 2.428 respectively. The price is currently above all three, suggesting a short-term bullish bias.

Backtest Hypothesis

A potential backtest strategy could involve entering long positions on a golden cross of the 20- and 50-period SMAs, combined with bullish candlestick formations like the morning star or bullish engulfing. Exit signals could be generated on bearish divergence in the RSI or a rejection above key resistance levels. This approach would aim to capture short-term momentum while managing risk with tight stop-loss levels.

MACD & RSI

The MACD crossed above zero at 05:00 ET, signaling a bullish momentum shift, while the signal line crossed from below to above, confirming the trend. The RSI stabilized above 50 during the morning and reached a peak of 62, showing moderate overbought conditions. A bearish divergence was observed at 03:00 ET, which was not confirmed by price, suggesting strong bullish pressure.

Bollinger Bands

Volatility expanded during the early morning and again after 15:00 ET, with the upper band reaching 2.455 and the lower band at 2.414. Price tested the upper band at 06:45 ET and 09:30 ET, indicating a strong bullish bias. The middle band was at 2.435, with the price currently near the upper end of the channel, suggesting potential for a pullback.

Volume & Turnover

Turnover spiked by 38% between 06:45–07:00 ET, with a volume of 43,075 and notional turnover of $106,766. This confirms the bullish breakout after the morning star pattern. Volume remained consistent throughout the day, with no significant divergence. The highest volume was recorded at 06:45 ET, coinciding with the breakout. Turnover was generally proportional to price movements, indicating strong conviction in the trend.

Fibonacci Retracements

The 38.2% Fibonacci retracement level at 2.439 was tested twice but rejected. The 61.8% level at 2.452 acted as a strong resistance and was broken at 06:45 ET. The price is currently above the 61.8% level, suggesting a potential target near 2.473. A breakdown below 2.434 could trigger a retest of the 2.414 level.