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Summary
• Price formed a bullish engulfing pattern near support at 1.775–1.78, followed by a sharp selloff below that level.
• Momentum shifted from overbought to oversold in RSI, signaling possible bearish continuation.
• Volatility expanded after 21:00 ET, with volume spiking during the breakdown below 1.78.
• Bollinger Bands showed a contraction in the early hours, followed by a volatile expansion.
• Key Fibonacci level at 1.770 may act as a near-term support with 1.75–1.74 as potential deeper targets.
AS Roma Fan Token/Tether (ASRUSDT) opened at 1.794 on January 17 at 12:00 ET, with a high of 1.82 and low of 1.741 during the 24-hour period, closing at 1.759 on January 18. Total volume reached 390,602.8
, while notional turnover hit 675,251.90 USD.
Looking ahead, the pair may test 1.770 as a potential support line. Traders should remain cautious, as volatility remains elevated and a rapid reversal is possible if buyers step in. A break below 1.75 would likely invite more aggressive bearish positioning.
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