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Summary
• Price declined 14.8% in 24 hours, breaking key support levels.
• Volatility surged with a Bollinger Band expansion and a high turnover spike.
• Oversold RSI and a bearish engulfing pattern suggest potential exhaustion.
• Volume increased 27% during the selloff, indicating strong participation.
• A 61.8% Fibonacci retracement may act as a short-term floor near 1.446.
AS Roma Fan Token/Tether (ASRUSDT) opened at 1.567 at 12:00 ET-1 and traded as high as 1.569 before closing at 1.492 at 12:00 ET, with a low of 1.444. The 24-hour volume totaled 437,723.0 units, and notional turnover reached $683,361.3 (assuming 1 USDT ≈ $1).
Structure & Formations
Price formed a bearish engulfing pattern near 1.555 and broke a key support level at 1.540, followed by a sharp drop to 1.444. A doji appeared at 1.466, signaling indecision. Resistance levels to watch include 1.500, 1.530, and 1.555, while support is likely at 1.444 and 1.435.
Moving Averages
On the 5-minute chart, the 20SMA and 50SMA are both bearish, with price below both. On the daily chart, the 50DMA is at 1.530, and the 200DMA is at 1.555. Price remains below both, indicating a stronger bearish bias.
MACD & RSI

Bollinger Bands
Bollinger Bands expanded significantly during the move to 1.444, indicating increased volatility. Price closed near the lower band, which may trigger a short-term rebound, but a break below the 1.444 low could extend the downtrend.
Volume & Turnover
Volume surged during the 5-hour window from 04:00–09:00 ET, coinciding with a 7.5% price drop. Turnover also spiked during this time, indicating strong bearish participation. No significant divergence between volume and price was observed.
Fibonacci Retracements
Fibonacci levels on the most recent 5-minute swing show 1.446 as the 61.8% retracement level, which may offer temporary support. On the daily chart, a larger 61.8% retracement of the recent swing sits near 1.400, which could be a target if the trend continues.
A short-term bounce from 1.446 may occur due to oversold conditions, but without a clear bullish reversal pattern, the broader bearish trend could resume. Traders should be cautious of a break below 1.444 and manage downside risks accordingly.
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