JasmyCoin/Tether (JASMYUSDT) Market Overview for 2025-10-30

• JASMYUSDT opened at $0.01032 and closed at $0.00972, with a 24-hour high of $0.01078 and low of $0.00970.
• Price swung between key resistance near $0.01072 and support at $0.01030–$0.01015, with bearish momentum increasing in the latter half of the day.
• Volume spiked in the 18:00–19:30 ET window and again near the close, with divergence between price and volume suggesting potential exhaustion.
• A bearish engulfing pattern emerged near the 2025-10-29 234500 candle, hinting at possible short-term downside.
• Bollinger Bands expanded during the 18:00–19:30 ET rally, followed by a sharp contraction as price retraced toward the lower band.

JasmyCoin/Tether (JASMYUSDT) opened at $0.01032 on 2025-10-29 12:00 ET, touched a high of $0.01078, and closed at $0.00972 by 12:00 ET on 2025-10-30. Total volume for the 24-hour period was approximately 264,628,683.19999999, with turnover (volume × price) reflecting increased activity in the latter half of the session. The price action shows a bearish reversal trend with multiple key support and resistance levels defined.

Structure & Formations

The 15-minute chart reveals a bearish bias with key resistance levels at $0.01072, $0.01055, and $0.01040, and support at $0.01030, $0.01015, and $0.01000. Notably, a bearish engulfing pattern emerged around 23:45 ET on 2025-10-29, signaling a potential short-term bottom. A doji formed near $0.01035 at 03:45 ET on 2025-10-30, suggesting indecision in the market.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages show that price has been below both in the final hours of the session, reinforcing the bearish trend. The 50-period MA crossed below the 20-period MA at 22:30 ET on 2025-10-29, forming a death cross pattern. For daily charts, the 50-period MA continues to act as a dynamic resistance at $0.01050, while the 200-period MA at $0.01045 supports this bearish alignment.

MACD & RSI

MACD for the 15-minute chart shows a negative divergence in the 22:30–04:30 ET period, as price continued to drop while the MACD line failed to make new lows. RSI, though not fully available for the full 24-hour period, indicates a reading below 30 at 04:30 ET, suggesting oversold conditions. This could present a short-term bounce opportunity, though bearish momentum remains strong.

Bollinger Bands

Bollinger Bands expanded sharply during the 18:00–19:30 ET rally, with price reaching the upper band at $0.01078 before retracing. The bands have since contracted, with price sitting near the lower band at $0.00972, indicating a period of low volatility. A break above the 20-period moving average may trigger a re-expansion of the bands and increased volatility.

Volume & Turnover

Volume spiked during the 18:00–19:30 ET rally and again near the close, with the largest single 15-minute volume candle at 18:45 ET reaching 62.7 million units. Turnover increased in line with volume, but the last hour of the session saw weaker volume despite the sharp price drop, suggesting possible exhaustion or profit-taking. This divergence could hint at a near-term consolidation phase.

Fibonacci Retracements

On the 15-minute chart, the 61.8% Fibonacci level sits at $0.01035 and acted as a key support during the 23:45 ET candle. A break below $0.01015 (38.2% level) may target $0.01000 next. Daily Fibonacci levels from the recent high of $0.01078 to $0.00972 indicate $0.01055 as a critical psychological level for buyers.

Backtest Hypothesis

The backtest strategy described involves using the 14-period RSI to identify overbought and oversold levels. Given that RSI dipped below 30 near the end of the session, this could have triggered a long signal. However, as price remains near recent lows, the signal may have been invalidated by subsequent bearish momentum. A refined approach could include a 50-period moving average crossover for confirmation, reducing false signals and aligning better with the observed volume patterns.