JasmyCoin/Tether Market Overview for 2025-11-11

• JASMYUSDT traded in a tightening range with a 0.00011 intraday move.
• Stronger than average volume in the first half of the session but declining turnover in the final hours.
• RSI edged closer to overbought territory late in the session.
• No clear reversal candlestick patterns formed in the 24-hour window.
• Price appears to consolidate near a potential 61.8% Fib level of the recent uptick.

JasmyCoin/Tether (JASMYUSDT) opened at $0.0098 on 2025-11-10 at 12:00 ET and closed at $0.00963 on 2025-11-11 at 12:00 ET. The 24-hour high reached $0.01026 while the low touched $0.00955. Total traded volume amounted to 131,544,843.70 units, with a notional turnover of approximately $1,271,874.

Structure & Formations

JASMYUSDT traded within a relatively tight range, with the price fluctuating between $0.00955 and $0.01026. The pair tested key support levels around $0.00955–$0.0096 and resistance at $0.0099–$0.0100. A small bullish engulfing pattern formed near the $0.0096–$0.0097 level during the early morning hours, but no decisive reversal patterns emerged. A doji appeared briefly at $0.00964, indicating indecision in the short term.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages remained in close proximity, suggesting a neutral to slightly bullish short-term bias. The 200-period MA acted as a dynamic support near $0.0096. The price hovered slightly above the 20 MA for most of the session, but the narrowing gap between MAs hinted at decreasing momentum.

MACD & RSI

The MACD line crossed the signal line twice during the session, indicating short-term momentum shifts. The RSI approached overbought territory in the early hours, peaking at 65.3, but declined to a neutral 55 by the close. While overbought conditions were noted, the RSI did not hit the 70 threshold, suggesting a limited risk of a correction. The histogram showed a mild bullish divergence in the late morning, before tapering off.

Bollinger Bands

Volatility remained moderate, with the Bollinger Bands narrowing slightly in the final hours. Price spent most of the session within the central third of the bands, suggesting low volatility. A brief break above the upper band occurred at $0.01002, but the move was not confirmed by increased volume.

Volume & Turnover

Volume spiked in the early hours and remained elevated until around 03:00 ET, followed by a steady decline. The most notable volume surge occurred at $0.01002–$0.01003, where nearly 3.4 million units changed hands. Turnover, however, failed to confirm the price action in the final hours, indicating possible profit-taking or lack of conviction in directional moves.

Fibonacci Retracements

The 61.8% Fibonacci retracement level of the recent upward move (from $0.00955 to $0.01026) was at $0.00977. The price tested this level multiple times during the session but failed to break through decisively. A 38.2% retracement level at $0.00992 also saw several touches, with price oscillating around it but not forming a strong breakout.

Backtest Hypothesis

A potential backtest strategy could involve using RSI as an entry signal, buying JASMYUSDT when the RSI dips below 30 (commonly considered “oversold”) and holding for one day. This strategy assumes that oversold RSI conditions could precede short-term recovery in low-volatility environments like JASMYUSDT. The recent 15-minute RSI behavior aligns with this premise, showing a return from overbought to balanced levels without confirming a bearish reversal. The price action appears to respect key support levels, which may support the effectiveness of a one-day reversal strategy.