JASMYUSDT Market Overview: 24-Hour Candlestick Analysis

• JASMYUSDT experienced a 24-hour decline of 1.27%, closing at 0.01416 after opening at 0.01494.
• Volatility expanded mid-session with a high of 0.01507 and low of 0.01409, indicating heightened bearish pressure.
• Volume increased steadily post-19:00 ET with a sharp dip during the final 6 hours, suggesting exhaustion in the selloff.
• RSI approached oversold territory late in the session, hinting at potential short-term support around 0.01413–0.01417.
• Price tested the 0.01450–0.01460 zone multiple times, reinforcing its role as a dynamic support/resistance cluster.

Opening Narrative

JasmyCoin/Tether (JASMYUSDT) opened at 0.01494 on 2025-09-19 at 12:00 ET, hitting a high of 0.01507, a low of 0.01409, and closing at 0.01416. Total 24-hour trading volume reached 155,657,060.9 units, with a notional turnover of approximately $2,236,687. The pair showed bearish bias, with a late-session pullback failing to reclaim key resistance levels.

Structure & Formations

Price formed a series of bearish patterns, including a large bearish engulfing pattern during the 19:30–20:00 ET period and a bearish harami near the 0.01450 level. A key support level appears to be forming around 0.01413–0.01417, with price bouncing off this zone multiple times during the final hours. A shallow bullish engulfing pattern at 0.01430–0.01435 may signal a possible short-term bounce, but its confirmation is still pending.

Moving Averages

Short-term moving averages (20/50) on the 15-minute chart showed a bearish crossover mid-session, aligning with the price drop. On the daily chart, the 50-period SMA currently resides at 0.01447, and the 200-period SMA is at 0.01461, suggesting the pair is below key long-term support. A test of the 50 SMA appears increasingly likely in the coming 24 hours.

MACD & RSI

MACD turned bearish during the late afternoon, with a negative histogram widening as selling pressure intensified. RSI dipped into oversold territory in the final 3 hours, indicating potential for a short-term rebound. However, the divergence between price and RSI near 0.01450 suggests bearish momentum may still hold.

Bollinger Bands

Volatility expanded significantly during the middle of the session, with price reaching the upper Bollinger Band at 0.01507 before collapsing into the lower band by 23:00 ET. Late in the session, price stabilized within the lower half of the bands, hovering just above the lower boundary. A retest of the lower band is likely to confirm if the current support level is valid.

Volume & Turnover

Volume surged during the 19:00–23:00 ET window, confirming the bearish breakdown. Notional turnover spiked during the selloff, with over $110,000 traded in the 19:30–20:00 ET block. However, volume declined sharply after 03:00 ET, suggesting waning bearish conviction. A reversal in volume during the next bullish phase may indicate renewed buyer interest.

Fibonacci Retracements

Applying Fibonacci to the key intra-day high (0.01507) and low (0.01409), the 61.8% retracement level resides at 0.01462 and is currently acting as resistance. The 38.2% level at 0.01437 appears to have been rejected during the late morning and may serve as a short-term pivot. A breakdown below 0.01413 (23.6%) would signal a stronger bearish trend.

Backtest Hypothesis

A potential backtesting strategy could be to enter long positions when price closes above the 38.2% Fibonacci retracement (0.01437) on the 15-minute chart, with a stop-loss placed just below 0.01416 and a take-profit target at 0.01462. This approach aligns with the observed consolidation near the 0.01416–0.01436 range and the RSI’s oversold signal, suggesting a possible reversal. Short-term traders may also consider a short position if the 0.01416 support breaks, with RSI divergence as a bearish confirmation.