AS Roma Fan Token/Tether Market Overview

Summary• Price opened at 1.516, hit a high of 1.555, and closed at 1.519 with notable volatility.• Momentum is mixed, with RSI hovering near neutral and MACD signals suggesting potential divergence.• Volume surged during key resistance tests but remains inconsistent, hinting at uncertain accumulation.

AS Roma Fan Token/Tether (ASRUSDT) opened at 1.516 on 2025-11-07 12:00 ET, reaching a high of 1.555 before closing at 1.519 at 2025-11-08 12:00 ET. The 24-hour volume totaled 1,679,218.9 units with a notional turnover of 2,561,076.66 USD, indicating active but somewhat fragmented participation.

Structure & Formations

Price action revealed multiple key resistance levels between 1.545 and 1.555, with a failed attempt to break above 1.555 resulting in a pullback. A bearish reversal pattern emerged around the 1.545 level, as evidenced by a long upper shadow and a rejection of higher prices. Meanwhile, support appears to be forming near 1.515–1.518, where the pair found temporary respite from selling pressure.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA midday, forming a potential bullish signal. However, the 50-period MA has started to diverge from price, which could hint at weakening momentum. Daily moving averages show a more bearish alignment, with the 50-day MA below the 100-day and 200-day lines, suggesting a longer-term downward trend.

MACD & RSI

The MACD line turned negative by late morning, signaling a potential bearish shift, while the signal line remains slightly bullish. RSI fluctuated between 45 and 55 over the day, staying in neutral territory but indicating indecision in market sentiment. There were brief forays into overbought territory (above 60) in early evening, but price failed to confirm the move with follow-through buying.

Bollinger Bands

Volatility expanded significantly after 20:00 ET, pushing the bands further apart. Price hovered near the upper band during the 18:30–19:45 ET session, suggesting strong buyer interest. However, a pullback into the centerline by early morning suggests temporary consolidation. A retest of the lower band is possible if support at 1.515 breaks.

Volume & Turnover

Volume spiked to 141,818.5 units during the 17:00–17:15 ET session, coinciding with a sharp move upward. This suggests a potential accumulation phase. However, volume waned significantly in the last six hours, which may indicate profit-taking or lack of conviction in the current upward thrust. Turnover also mirrored the volume pattern, with the largest notional turnover occurring at the same time as the volume spike.

Fibonacci Retracements

Key Fibonacci levels for the recent 1.518–1.555 swing were around 1.536 (38.2%) and 1.543 (61.8%). Price tested the 61.8% level twice, with both attempts resulting in rejection, reinforcing the notion that this is a critical resistance area. On the daily chart, the 61.8% level of a larger downtrend is near 1.500, which may become a key level if the current pullback fails.

Backtest Hypothesis

A backtest for Bullish Engulfing patterns was attempted but failed due to an issue retrieving the symbol "ASRUSDT". This usually suggests a data-source limitation or ticker mismatch. To proceed, the ticker must be verified for the specific exchange it is traded on (e.g., Binance, OKX). If confirmed, the raw OHLCV data can be processed locally to identify such patterns and run the backtest without relying on symbol recognition. Alternatively, a manual list of potential Bullish or Bearish Engulfing events can be provided to skip this step and proceed directly to testing the strategy. The outcome of this backtest could provide further insight into the reliability of the pattern in this highly volatile and niche token.