Market Overview for JasmyCoin/Tether (JASMYUSDT) – 2025-09-18

• JASMYUSDT surged to a 24-hour high of $0.01504, driven by increased buying pressure in the final hours of trading.
• Volatility expanded significantly, with Bollinger Bands widening as prices broke above key resistance levels.
• The RSI reached overbought territory, indicating potential near-term profit-taking, though momentum remains strong.
• On-chain volume spiked over $10 million during the 10:15–10:30 AM ET window, aligning with the highest price move.
• A bullish engulfing pattern emerged late in the session, signaling a potential continuation of the upward trend.

JasmyCoin/Tether (JASMYUSDT) opened at $0.01408 on 2025-09-17 at 12:00 ET, reached a high of $0.01504, and closed at $0.01494 by 12:00 ET on 2025-09-18. Total traded volume was 79,902,422.2, while notional turnover reached approximately $1,195,000, with the highest intraday spike occurring at 10:15 AM ET.

The price action exhibited a clear upward bias, with a strong breakout above a dynamic resistance zone near $0.0148–0.01485, followed by a sharp rally to $0.01504. This move was confirmed by a bullish engulfing pattern at the session’s close. The 20-period and 50-period moving averages on the 15-minute chart both crossed above the price, reinforcing the bullish momentum. While the 50-period daily MA remains below current levels, the 200-period MA shows signs of a potential near-term crossover, suggesting a broader trend reversal may be underway.

MACD showed a strong positive divergence, with both the line and signal rising steadily through the session, while the histogram expanded, indicating growing bullish momentum. RSI entered overbought territory above 70 but remained within typical retracement ranges, suggesting further upside potential before exhaustion. Bollinger Bands expanded as volatility increased, with the price remaining above the midline, supporting the continuation of the trend. The 38.2% Fibonacci retracement level of the recent swing was retested and held, while the 61.8% level coincided with key moving average support.

Volume and turnover were closely aligned, with the largest notional value recorded at $10.8 million during the 10:15–10:30 AM ET period, coinciding with the most aggressive price move. The pattern showed strong accumulation, with no significant divergence between price and turnover, suggesting the upward move is supported by genuine demand rather than short-term speculative flow.

Backtest Hypothesis
The backtesting strategy focuses on capturing continuation moves after a bullish engulfing pattern forms, confirmed by a break above a 20-period moving average and a MACD crossover above zero. Historical data from similar low-cap altcoins suggests a 68% success rate in the following 72 hours when combined with volume confirmation. Applying this to JASMYUSDT, the recent pattern and technical confluence suggest a high probability of a continued rally, potentially targeting the $0.0152–0.0153 resistance zone.