Market Overview: AS Roma Fan Token/Tether (ASRUSDT) – 24-Hour Analysis

• Price surged 9.3% in 24 hours, peaking at $2.239 before consolidating near $2.15
• Strong volume spikes coincided with the midday rally, confirming bullish momentum
• RSI briefly entered overbought territory, suggesting potential near-term pullback
• Bollinger Band expansion indicates increased volatility and potential for continuation or reversal
• No strong bearish divergences observed, but Fibonacci 61.8% level at $2.166 offers near-term support

Opening Summary

AS Roma Fan Token/Tether (ASRUSDT) opened at $2.175 on 2025-09-25 at 16:00 ET and surged to a 24-hour high of $2.239 by 05:15 ET. It closed the period at $2.153 at 12:00 ET today. The total 15-minute OHLCV data shows a total volume of 434,220.0 units and a notional turnover of $945,931.50 over the last 24 hours, reflecting strong interest and volatility in the token.

Structure & Formations

The candlestick pattern shows a strong bullish breakout in the early hours, with a large bullish reversal forming around the 05:00 ET mark. A bearish engulfing pattern emerged in the afternoon, suggesting short-term profit-taking. Key support levels can be identified at $2.14, $2.129, and $2.136, while resistance is expected at $2.168, $2.178, and $2.187. A doji formed around 10:45 ET, indicating indecision and potential consolidation ahead.

Moving Averages and Bollinger Bands

On the 15-minute chart, the 20-period SMA crossed above the 50-period SMA early in the morning, confirming a bullish bias. By afternoon, the 50-period SMA caught up with the price, indicating potential continuation. The Bollinger Bands expanded during the rally, with the price oscillating near the upper band in the morning and the lower band in the evening. The band contraction around 09:30 ET suggested a period of consolidation, which led to a breakout in the morning session.

MACD & RSI

The MACD line crossed above the signal line in the early hours, confirming bullish momentum. The histogram showed a strong expansion during the breakout and a gradual contraction as the afternoon progressed. The RSI surged into overbought territory in the morning, peaking near 80, before retreating to mid-50s by late afternoon. This suggests a possible short-term correction, though not a bearish reversal. No strong bearish divergence was observed between price and RSI during the session.

Volume & Turnover

Volume and turnover spiked during the midday rally, confirming the strength of the bullish move. The highest volume was recorded at $2.185, with a turnover of $225,248 at 08:30 ET. A divergence between volume and price was observed in the late afternoon, where price fell but volume remained moderate. This could indicate a weakening trend, but the overall volume profile supports continued bullish bias for now.

Fibonacci Retracements

Fibonacci levels applied to the morning high and low show the 61.8% retracement at $2.166 and the 38.2% at $2.185. The price consolidated around the 61.8% level for several hours, confirming it as a strong support zone. On the daily chart, the 50% retracement of the recent swing is at $2.143, which the price briefly tested but held above. This suggests potential for a bullish continuation if the price holds above the 61.8% level.

Forward-Looking View and Risk

The next 24 hours may see consolidation near the $2.15–$2.166 range, with a potential for a rebound to test the $2.178–$2.187 resistance. A break below $2.14 could trigger a deeper pullback to the $2.129 level. Investors should monitor for a bearish divergence in RSI or a failure to hold above the 61.8% Fibonacci level, which could signal a more significant reversal.

Backtest Hypothesis

A backtesting strategy based on a 20/50 EMA crossover on the 15-minute chart, combined with RSI entering overbought territory (above 70), may yield a high-probability long entry. A stop-loss can be placed below the 61.8% Fibonacci level at $2.166, with a target at the 38.2% level at $2.185. This strategy leverages the observed bullish momentum and strong volume confirmation during the morning rally. If the price fails to hold above the key support, the strategy could be reversed into a short position.