Market Overview: AS Roma Fan Token (ASRUSDT)

• AS Roma Fan Token (ASRUSDT) traded in a tight range before dropping sharply below 2.90, ending near 2.815.
• A key 2.90–2.92 support-turned-resistance level was decisively broken, with bearish confirmation via a dark cloud cover and engulfing pattern.
• Volume and turnover surged during the breakdown, suggesting significant short-term bear pressure.
• RSI entered oversold territory, signaling possible near-term bounce but not a reversal.
• Volatility expanded late in the day, with Bollinger Bands widening and price sitting near the lower band.

At 12:00 ET on 2025-08-25, AS Roma Fan Token (ASRUSDT) opened at 2.943, reached a high of 3.035, and a low of 2.764, closing at 2.815. Total 24-hour volume was approximately 1,443,955.7 units, with notional turnover exceeding $4,189,025.

Structure & Formations

The breakdown below 2.90 and 2.92 marked a key psychological and prior support level turning into a resistance. A bearish engulfing pattern formed during the 05:30–06:00 ET window, with a long bearish shadow confirming bearish momentum. A doji formed briefly near 2.805, indicating indecision, but was quickly negated by further selling.

Moving Averages

On the 15-minute chart, the 20-period MA crossed below the 50-period MA, confirming a bearish bias. On the daily chart, the 50-period MA appears to be a strong resistance near 2.85. The 200-period MA is below the 50-period MA, suggesting a medium-term bearish environment.

MACD & RSI

The MACD histogram turned negative early in the breakdown and remained bearish throughout the session. RSI dipped into oversold territory near 26, raising the possibility of a near-term bounce but not a full reversal. However, RSI divergence was not clearly observed during the decline.

Bollinger Bands

Bollinger Bands expanded sharply during the 05:00–07:00 ET period, reflecting increasing volatility. Price closed near the lower band at 2.815, suggesting exhaustion in the sell-side or a potential support zone forming.

Volume & Turnover

Volume spiked during the breakdown and continued to rise during the 05:00–07:00 ET period, aligning with the price decline. Notional turnover surged in line with the price action, indicating strong conviction in the bearish move. No significant divergence between price and turnover was observed.

Fibonacci Retracements

On the 15-minute chart, the 61.8% retracement level of the 2.81–3.035 swing sat at 2.887, which was broken to the downside. On the daily chart, the 61.8% retracement level of the recent rally to 3.013 is near 2.845, offering potential short-term support.

ASRUSDT may test the 2.76–2.80 zone as a potential short-term floor in the next 24 hours. However, with RSI in oversold territory and a breakdown in key levels, a pullback could be short-lived. Investors should remain cautious of a continuation lower if the 2.80 level fails to hold.