Market Overview for JasmyCoin/Tether (JASMYUSDT) on 2025-09-24

• Price declined from 0.01313 to 0.01265 before rebounding, forming a bearish intraday consolidation.
• RSI and MACD indicate weakening momentum and potential short-term oversold conditions.
• Volume spiked during the morning dump but waned during the rebound, signaling possible buying interest.
• Key support at 0.01275–0.01280 held temporarily, with resistance retested near 0.01295–0.01300.
• Volatility expanded during the early drop, then narrowed, hinting at potential range-bound consolidation.

JasmyCoin/Tether (JASMYUSDT) opened at 0.01299 on 2025-09-23 at 12:00 ET, reached a high of 0.01313, a low of 0.01251, and closed at 0.01296 at 12:00 ET the following day. Total volume was 95,016,611.8 units, with a notional turnover of $1,232,714. Price action shows a bearish morning pullback, a midday rebound, and late consolidation.

Structure & Formations

Price tested key resistance at 0.01300–0.01313 multiple times without a decisive break, followed by a sharp intraday drop to 0.01251, which saw volume spikes and a bearish engulfing pattern. A potential bullish reversal candle emerged near 0.01280–0.01285 in the afternoon, suggesting short-term support. Doji and long lower shadows in the 0.01280–0.01290 range indicate indecision and potential exhaustion in the short-term bearish momentum.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed bearishly earlier in the day, supporting the morning sell-off. Later, price returned and moved above the 20SMA, indicating possible near-term stabilization. On a daily timeframe, the 50/100/200-day SMAs were not available, but intraday MA behavior suggests a short-term equilibrium may be forming.

MACD & RSI

The MACD histogram turned negative during the morning dump, with the line crossing below the signal line, reinforcing bearish momentum. RSI dipped below 30 in the midday, suggesting oversold conditions and potential for a rebound. By the close, RSI hovered around 47–49, indicating a neutral stance. However, the divergence between price lows and RSI troughs implies a possible false bottom formation.

Bollinger Bands

The morning bearish move saw price break below the lower Bollinger Band at 0.01275–0.01280, triggering a volatility expansion. After the rebound, price moved back within the bands and approached the middle band by the close. This suggests a shift from high volatility to a consolidation phase, with the potential for a breakout or continuation pattern if the bands widen again.

Volume & Turnover

Volume surged during the morning sell-off with the 0.01251 low, totaling 9.5M units, while turnover spiked to $1.2M. However, volume declined during the afternoon rebound, indicating a lack of conviction. This divergence between price and volume raises questions about the strength of the short-covering rally and the potential for a retest of the low.

Fibonacci Retracements

Fib levels drawn from the 0.01313 high to the 0.01251 low show 0.01280 as the 38.2% and 0.01275 as the 50% retrace level—both of which held briefly before a rebound. The 61.8% level at ~0.01268 has been a significant support zone during the consolidation. Price may retest 0.01275–0.01280 before attempting a retest of resistance near 0.01300.

Backtest Hypothesis

A potential backtesting strategy for this asset could involve a short-term range-trading approach based on the observed consolidation between 0.01275 and 0.01300. A buy signal would be triggered on a confirmed close above the 0.01295–0.01300 resistance zone, with a stop below the 0.01280 support and a target at the 0.01313 high. A sell signal would trigger on a confirmed close below 0.01275, with a stop above 0.01285 and a target at the 0.01251 low. This approach leverages Fibonacci retracement levels, RSI divergence, and volume confirmation for entry and exit decisions.