Market Overview for AS Roma Fan Token/Tether (ASRUSDT) on 2025-11-03

• ASRUSDT traded in a bearish range, closing near the 15-minute low after a sharp selloff in the last 6 hours.
• RSI and MACD likely indicate oversold conditions, suggesting potential for a short-term bounce.
• Volatility expanded in the last 12 hours, with volume peaking during the late ET session.
• Price appears to be consolidating near the 1.45–1.46 support cluster, with no clear bullish confirmation yet.
• A break below 1.445 could accelerate the decline toward 1.43, with a possible test of 1.41–1.42.

24-Hour Summary and Open

AS Roma Fan Token/Tether (ASRUSDT) opened at 1.593 at 12:00 ET - 1 and reached a high of 1.593, before declining to a low of 1.360. The 24-hour close at 12:00 ET was 1.428. Over the past 24 hours, total volume amounted to approximately 690,211.9 units, with total turnover (notional value) estimated at $1,032,474.00. Price action suggests a strong bearish tilt, with a notable breakdown in late ET hours.

Structure & Formations

The 15-minute candlestick pattern over the past 24 hours reveals a series of bearish structures, including a long lower shadow at the early stage and a strong bearish engulfing pattern near 1.53–1.52. Price has since formed a descending trend with a consolidation phase below 1.47, failing to retest earlier intraday highs. A key support level appears to be forming around 1.44–1.46, while resistance is evident at 1.475–1.48. A break below 1.44 would test the next critical support at 1.42–1.43.

Moving Averages and Volatility

The 20-period and 50-period moving averages on the 15-minute chart are both bearish, indicating sustained downward pressure. On a broader scale, the 50- and 200-day moving averages (if available) would confirm a longer-term bearish bias. Bollinger Bands have expanded significantly, reflecting heightened volatility. Price has recently settled in the lower half of the bands, reinforcing the bearish narrative and potential for further downside, especially if volume remains elevated.

Momentum and Fibonacci Levels

Relative Strength Index (RSI) likely entered oversold territory in the 25–30 range, suggesting the potential for a temporary rebound. However, without a strong follow-through in volume, a bearish continuation remains probable. Fibonacci retracement levels from the key 1.593–1.360 swing indicate a 61.8% retracement at around 1.45 and a 38.2% retracement at approximately 1.47. Price currently appears to be consolidating near the 1.45 level, offering limited upside potential unless a breakout occurs.

Backtest Hypothesis

Given the bearish bias and RSI entering oversold levels, a potential backtest hypothesis could involve long entries upon RSI recovery above 30, using the next day’s open for entry, with a holding period of one trading day. This would need historical RSI data to execute effectively. The backtest would be benchmarked against the HOLD.P ETF over the same period. To proceed, please confirm the correct exchange and symbol format, or provide a price dataset for ASRUSDT from 2022-01-01 onward.