Market Overview for JasmyCoin (JASMYTRY)

• JasmyCoin (JASMYTRY) formed a bullish engulfing pattern at key resistance near $0.625, signaling short-term optimism.
• On-balance volume surged during the late-night rally, confirming price strength and buying pressure.
• RSI reached overbought territory by early morning, suggesting potential pullback risks ahead.
• Volatility expanded significantly during a 4-hour stretch, with Bollinger Bands widening to accommodate sharp swings.
• Fibonacci retracements suggest key support near $0.620 and resistance at $0.633 for near-term trading.

JasmyCoin opened at $0.620 at 12:00 ET – 1 and reached a high of $0.634 before closing at $0.626 by 12:00 ET on 2025-08-27. Total 24-hour volume amounted to 12,554,990 units, with notional turnover of $7,796,192.

Structure & Formations

The 15-minute chart reveals a bullish engulfing pattern at $0.625, confirming a reversal after a key test of resistance. A doji formed at $0.626, signaling indecision and possible consolidation ahead. A descending triangle from $0.620 to $0.634 could resolve to the upside if buyers hold near the 61.8% Fibonacci level.

Moving Averages

On the 15-minute chart, the price closed above the 20-period SMA, reinforcing bullish momentum. The 50-period SMA is rising and appears to be aligning with the 20-period line, suggesting a possible short-term trend continuation. On the daily chart, the 50-period SMA is still below the 100-period SMA, but the 200-period line is showing early signs of a potential crossover.

MACD & RSI

The MACD crossed above the signal line during the early morning rally, confirming bullish momentum. However, the RSI hit overbought levels around $0.631, suggesting a possible short-term correction. Divergence appears in the RSI during late evening hours, indicating weakening buying pressure despite higher prices.

Bollinger Bands

Bollinger Bands widened significantly during the late-night rally, reflecting increased volatility. Price has since settled near the middle band, indicating a potential pause in momentum. A break above the upper band could confirm sustained bullish energy, while a move below the middle band may signal a retest of recent support.

Volume & Turnover

Volume spiked during the 21:00–24:00 ET window, confirming a strong rally to $0.631. Turnover was highest during this period and again near the end of the 24-hour cycle, suggesting renewed interest in the pair. A slight divergence between volume and price was noted during the early morning hours, as prices declined slightly despite increased volume.

Fibonacci Retracements

Key Fibonacci levels for the recent 15-minute move suggest that $0.620 and $0.626 represent critical support and consolidation zones, respectively. The 61.8% retracement level is near $0.633, which could serve as a near-term resistance target.

The price may consolidate near $0.626 in the next 24 hours, with potential for a test of the $0.633 level. However, bearish pressure could emerge if support at $0.620 breaks, leading to a retest of earlier lows. Investors should remain cautious of overbought RSI levels and potential pullback risks.