AS Roma Fan Token/Tether Market Overview

Summary
• Price fell from $1.495 to $1.459 during the 24-hour period, indicating bearish momentum.
• Key support tested at $1.46 and resistance at $1.502, with volume surging at key turning points.
• RSI suggests oversold conditions at times but lacks follow-through bullish confirmation.
• Volatility expanded as price broke Bollinger Band lower, indicating high downside risk.

AS Roma Fan Token/Tether (ASRUSDT) opened at $1.495 (12:00 ET−1) and closed at $1.495 (12:00 ET), with a 24-hour high of $1.526 and a low of $1.451. Total volume reached 304,181.0 units, and notional turnover amounted to $452,988.3.

Structure & Formations

Price action showed a bearish reversal pattern during the early morning hours, including a key bearish engulfing pattern at $1.467–$1.461. The 24-hour chart also revealed a strong support level near $1.46–$1.47, where price consolidated twice. A major resistance appears to form at $1.502–$1.503, where price stalled during a late-morning rally.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages are currently bearishly aligned, with the price below both. On the daily chart, the 50-period MA is above the 100 and 200-period lines, suggesting short-term bearish momentum but no clear long-term downtrend.

MACD & RSI

The MACD line turned negative during the early hours, aligning with the bearish price action. The RSI dipped into oversold territory during the $1.46–$1.47 consolidation phase, but failed to generate a strong bullish rebound. This suggests weak conviction in the rally attempts.

Bollinger Bands

Volatility expanded significantly as price fell below the lower Bollinger Band near $1.46–$1.47. The bands are now wide, suggesting a period of uncertainty. If the price remains above $1.475, volatility may begin to contract again.

Volume & Turnover

Volume spiked during the key bearish reversal at $1.467 and again during the rally attempt at $1.502. These spikes align with price changes, suggesting confirmation rather than divergence. Notional turnover followed a similar pattern, with the largest trade occurring during the morning high at $1.502–$1.526.

Fibonacci Retracements

The most recent 15-minute swing from $1.461 to $1.502 aligns with a 38.2% retrace near $1.484 and a 61.8% retrace near $1.475. On the daily chart, the 38.2% level aligns with $1.49–$1.495, while the 61.8% level is at $1.47–$1.475. Price may test these levels in the next 24 hours.

Backtest Hypothesis

Given the bearish engulfing pattern detected during the early morning hours (e.g., $1.467–$1.461), a potential backtest could involve identifying similar patterns in ASRUSDT’s historical 15-minute OHLCV data between 2022-01-01 and 2025-11-12. If such patterns are reliably followed by bearish price action, the strategy could be to enter a short position at the close of the engulfing candle with a stop loss above the high and a target aligned with key Fibonacci or support levels. However, without the full dataset of Bearish Engulfing dates, the accuracy of the backtest remains preliminary.