Market Overview for AS Roma Fan Token/Tether (ASRUSDT)

• Price surged over 5.5% on the 24-hour chart, breaking recent resistance near 2.185.
• Volatility and turnover spiked during the 01:30 ET–02:30 ET window, reflecting strong buying pressure.
• RSI reached overbought territory, suggesting a potential pullback could be imminent.
• A bullish engulfing pattern formed near 2.180, signaling short-term bullish momentum.
• Bollinger Bands show moderate expansion, indicating increased volatility and trend-following potential.

Opening and Closing Summary

AS Roma Fan Token/Tether (ASRUSDT) opened at 2.144 on 2025-09-22 12:00 ET and reached a high of 2.247 at 01:30 ET. It closed at 2.185 by 12:00 ET on 2025-09-23. The 24-hour volume amounted to 520,262.7, and the notional turnover (volume × price) totaled approximately $1,137,868. The pair experienced a clear bullish bias during the session.

Structure & Formations

The 24-hour period saw a strong bullish breakout from key resistance levels, particularly around 2.185–2.190, followed by a consolidation phase in the latter half. A notable bullish engulfing pattern emerged at the 2.180 level, confirming a short-term reversal from bearish to bullish sentiment. A small doji appeared around 2.200, suggesting indecision in the 02:00–03:00 ET period. A descending triangle and flag pattern were evident in the 15-minute chart, reinforcing the potential for further upward movement.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart showed a bullish crossover early in the session, reinforcing the upward trend. On the daily chart, the 50-period MA crossed above the 100-period MA (golden cross), indicating a positive shift in medium-term momentum. The 200-period MA, at 2.175, acted as a strong support level in the afternoon and early evening session.

Backtest Hypothesis

The strategy involves entering long positions when the 20-period MA crosses above the 50-period MA and price closes above the 15-minute Bollinger Band’s upper band, indicating strong momentum. Exits occur when the RSI exceeds 70 (overbought) or when price breaks below the 50-period MA. This setup aligns with the observed 15-minute bullish crossover and RSI overbought condition, supporting a potential short-term continuation of the trend.

MACD & RSI

The MACD line turned positive during the 01:00–03:00 ET window, with the histogram expanding and signaling increased bullish momentum. The RSI reached a peak of 75 near the 2.247 high, entering overbought territory. A pullback below 2.220 could trigger a corrective move to 2.200 or 2.195, where the 50-period MA and prior support converge. A sustained move below 2.185 could shift the bias bearish, especially if the RSI drops below 30.

Bollinger Bands

Bollinger Bands widened during the 01:30–03:00 ET period, indicating rising volatility and a breakout move. The price spent a significant amount of time above the upper band, confirming strong momentum. However, the recent narrowing of the bands suggests a potential consolidation phase. If the price breaks below the lower band in the next 24 hours, it may signal a bearish reversal.

Volume & Turnover

Volume and turnover spiked during the 01:30–02:30 ET window as price surged to 2.247. The volume during this period was over 47,927.8, with a turnover of $104,530, reflecting strong institutional or large-cap investor participation. A divergence between price and volume was observed in the 06:00–08:00 ET period, where volume declined despite a continuation of the upward move, indicating a potential exhaustion of bullish momentum.

Fibonacci Retracements

Fibonacci retracements drawn from the 2.247 high to the 2.180 low identified key levels at 2.220 (38.2%), 2.205 (50%), and 2.195 (61.8%). The price held firm above the 50% level during the 06:00–08:00 ET period and showed signs of testing 2.220 for a potential rebound. A failure to hold above 2.195 may suggest a deeper correction to the 2.180–2.175 level.

Forward Outlook and Risk Caveat

Looking ahead, ASRUSDT could test the 2.220–2.230 resistance cluster, with a bullish breakout potentially extending the move to 2.240–2.250. However, a pullback below 2.195–2.185 could trigger a bearish correction to the 2.175 level. Investors should monitor RSI and volume divergence closely for early signs of trend fatigue.