Market Overview for AS Roma Fan Token/Tether USDt (ASRUSDT) on 2025-09-06

• The ASRUSDT pair surged past 2.38 before retreating, forming a bearish exhaustion pattern in late trading.
• Volatility expanded in the overnight session, with a 2.38–2.395 range reflecting renewed buying and profit-taking.
• RSI suggests moderate momentum, while volume remains elevated, confirming price action rather than conflicting with it.
• A key support level at 2.35 holds, and a break below may trigger a 2.33–2.34 correction.

The AS Roma Fan Token/Tether USDt (ASRUSDT) opened at 2.359 at 12:00 ET on 2025-09-05 and closed at 2.363 by 12:00 ET on 2025-09-06. The 24-hour high reached 2.397, and the low hit 2.333. The total volume traded was 190,250.0 units, with a notional turnover of approximately $442,670.

The price action over the 24-hour period displayed a distinct push above 2.38–2.395, followed by a consolidation phase in the early morning hours. A strong bullish engulfing pattern formed at the peak, suggesting a temporary pause in the upward trend. A doji at 2.384–2.383 indicates indecision among traders during the correction. The key support at 2.35 has held so far, preventing a deeper pullback.

Structure & Formations

Price encountered resistance at 2.384–2.397 and support at 2.35–2.355 throughout the session. A notable bearish engulfing candle formed at 2.395–2.388, signaling potential exhaustion among buyers. A 2.35 doji and a bullish harami near 2.361–2.364 suggest a possible reversal or consolidation phase ahead. These formations point to a high probability of traders testing support and resistance levels over the next 24 hours.

Moving Averages, MACD, and RSI

On the 15-minute chart, the 20-period and 50-period moving averages crossed twice, forming a potential bullish signal earlier in the session. However, a bearish divergence emerged as the 20-period MA dipped below the 50-period MA in the late hours. The daily chart remains in an uptrend, with the 50-period MA above the 200-period MA.

The MACD line showed a brief positive divergence as price pushed above 2.384 but crossed below the signal line around 05:00 ET, indicating a bearish shift. The RSI moved into overbought territory briefly before retreating toward the 50–60 range, suggesting balanced momentum but no strong continuation signal. The RSI could signal a reversal if it fails to break 60 on the next upleg.

Bollinger Bands and Volatility

Volatility spiked in the early morning session, with the upper Bollinger Band reaching 2.397 and the lower band sitting at 2.364. Price traded near the upper band for much of the session, suggesting aggressive buying followed by profit-taking. The narrowing of the bands in the late hours indicates a potential consolidation phase. Price currently sits slightly above the 20-period moving average, inside the upper half of the bands, suggesting a cautious bullish bias.

Volume and Turnover

Volume surged at key turning points, particularly around 03:45–05:00 ET and 07:15–08:30 ET, confirming the bearish shift after the 2.397 peak. Turnover aligned with volume, showing no divergence in price action. This suggests that the bearish pressure was broad-based and not due to a few large orders. The recent dip below 2.38 was confirmed by rising volume, increasing the likelihood of further downward momentum if the 2.35 support is tested.

Fibonacci Retracements

Applying Fibonacci to the recent 2.333–2.397 swing, key levels include 2.373 (38.2%), 2.363 (50%), and 2.352 (61.8%). Price is currently testing the 50% retracement at 2.363 and appears to find initial support there. A break below 2.363 may see the price targeting 2.352, with 2.346 as the next key level. A close above 2.38 could retrigger the 2.397 resistance.

Backtest Hypothesis

Using the 15-minute ASRUSDT data, a potential backtest strategy could involve a mean-reversion approach that targets the 50-period moving average as a trigger and uses the 20-period MA for confirmation. A buy signal would be triggered when the price breaks above the 50-period MA and the RSI crosses above 50, with a stop-loss at the 2.35 support. A sell signal would be triggered if the price closes below the 20-period MA or the RSI drops below 50 for two consecutive periods. This strategy aligns well with the observed consolidation and retracement patterns, offering a structured way to trade the recent volatility.