Market Overview: JasmyCoin/Tether (JASMYUSDT) 24-Hour Technical Analysis

• JASMYUSDT traded in a 0.01301–0.01344 range, forming a bullish consolidation pattern near key resistance.
• Bullish momentum accelerated during the late NY session with a strong volume increase.
• RSI approached overbought territory while price remained within tight Bollinger Bands.
• Turnover spiked during the 19:15–20:30 ET window, confirming price action above 0.01330.
• A bearish divergence emerged in the final 4 hours, suggesting potential near-term correction.

JasmyCoin/Tether (JASMYUSDT) opened at 0.01305 on 2025-10-02 12:00 ET, reached a high of 0.01344, a low of 0.01301, and closed at 0.01329 by 12:00 ET on 2025-10-03. Total trading volume amounted to 109,988,952.96 units, with a notional turnover of $1,462,833. The 24-hour session featured a bearish divergence in the final 4 hours and a strong volume-driven rally in the afternoon hours.

Structure & Formations

The pair formed a bullish consolidation pattern between 0.01325 and 0.01344 before encountering a minor rejection. A bullish engulfing pattern appeared around 0.01334–0.01339 in the early morning session, followed by a doji at 0.01333–0.01335. A significant bearish divergence emerged near the close as price failed to reclaim intraday highs despite lower lows, suggesting weakening bullish momentum. Key support levels are 0.01325 and 0.01315, with resistance at 0.01340 and 0.01345.

Moving Averages

On the 15-minute chart, price closed above the 20-period MA at 0.01330 and the 50-period MA at 0.01329, reinforcing a bullish bias. On the daily chart, the 50-period MA sits near 0.01326, with the 100-period and 200-period MAs forming a potential confluence zone below 0.01320. Price remains above all major MAs, supporting a continuation of the uptrend unless a significant breakdown occurs.

MACD & RSI

The MACD line crossed above the signal line in the early hours, confirming a bullish signal, but the histogram began to contract near the close, signaling waning momentum. RSI peaked at 64.2 during the afternoon session and closed at 59.5, suggesting the market remains in accumulation but has not yet reached overbought territory. No clear bearish divergence on RSI, but the narrowing histogram hints at a potential pullback.

Backtest Hypothesis

A backtest strategy based on the 15-minute MACD crossover and RSI crossover above 50 could have captured the morning rally, with a stop-loss placed below 0.01320 and a take-profit near 0.01340. This aligns well with the observed bullish engulfing pattern and the volume spike during the peak rally. The strategy could benefit from a trailing stop if the trend continues into the next 24-hour cycle.