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

• Price closed lower at 2.46 after a 0.64% drop from the prior day’s open.
• Intraday high reached 2.52, but momentum weakened as the session progressed.
• High volatility observed during Asian and early European hours, with multiple failed rallies.
• Volume surged during a mid-session dip but failed to confirm strong demand.
• RSI signaled overbought conditions early, later entering oversold territory near the close.

The AS Roma Fan Token/Tether USDt (ASRUSDT) opened at 2.497 on 2025-09-10 at 12:00 ET, reached a high of 2.52, fell to a low of 2.422, and closed at 2.46 at 12:00 ET on 2025-09-11. Total volume over the 24-hour period was 377,753.3 units, with a notional turnover of $959,767.08 (assuming 1 unit = $1).

Structure & Formations

The 15-minute chart displayed a bearish trend, with key resistance forming around 2.503 and 2.515–2.52. Price attempted to reclaim this area multiple times, particularly during the early afternoon hours, but failed to hold above 2.52 following a strong sell-off in the evening. A notable bearish engulfing pattern appeared at 2.516–2.503 (02:45 ET), followed by a long lower wick at 2.522–2.512 (03:30 ET), suggesting a failed rally. Support levels at 2.48–2.485 and 2.461–2.466 showed temporary stability, though the final close at 2.46 breached the earlier 2.467 support level.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages were in a bearish crossover, with prices consistently trading below both. The daily chart saw the 50-period MA crossing below the 100-period MA, reinforcing the downtrend. The 200-period MA remained above the 50-period MA, indicating a longer-term bearish bias but with potential for consolidation if prices test the 200 MA at ~2.49.

MACD & RSI

The MACD crossed below the signal line in the early afternoon, confirming bearish momentum. By the close, both the MACD and histogram had turned negative, showing weakening bullish momentum. The RSI reached overbought territory at ~62 near midday, then fell rapidly into oversold territory (<30) in the final hours, suggesting a possible near-term bounce. However, the lack of follow-through suggests caution.

Bollinger Bands

Volatility expanded in the early hours and remained elevated during the Asian and European sessions, with price touching both the upper and lower bands. The most notable contraction occurred at 2.483–2.488 (19:30–20:00 ET), followed by a sharp break below the lower band. Price remained inside the bands for most of the session, but the final close near the lower band indicated bearish pressure.

Volume & Turnover

Volume was moderate during the early hours, spiking at 2.516–2.503 (02:45 ET) as price attempted a failed rally. The largest single candle volume occurred at 2.516–2.503 (02:45 ET) with ~8,131 units. Turnover followed a similar pattern, peaking during the intraday low at 2.422 (12:45 ET), where volume and turnover spiked due to a sharp drop of 500 basis points. Price and turnover were broadly aligned, with no major divergence observed.

Fibonacci Retracements

Applying Fibonacci retracements to the 2.422–2.52 swing, key levels of 2.475 (38.2%), 2.457 (50%), and 2.445 (61.8%) were all tested during the final hours. Price found temporary support at 2.461–2.466 but failed to hold above 2.475, suggesting further downside could follow if the trend continues.

Backtest Hypothesis

The backtesting strategy described utilizes a momentum-based approach with entry triggers on RSI divergence and a stop-loss near the 50-period moving average. Given today’s RSI overbought-then-oversold behavior and the failed rally at 2.515–2.52, the strategy would have generated a short signal around 02:45 ET after the bearish engulfing pattern. A stop-loss at 2.516 and a target at 2.46–2.45 would have captured a 600 basis point move with controlled risk. Given the alignment between the strategy and today’s price behavior, this approach could be valid for volatile tokens like ASRUSDT, though further testing on multiple timeframes is recommended.