Market Overview for JasmyCoin/Tether (JASMYUSDT)

• JASMYUSDT drifted lower in a bearish trend, ending 0.0110% below the 12:00 ET open, with bearish momentum intact.
• A key support level formed near 0.01035–0.01038, where price bounced multiple times during the session.
• RSI remained in oversold territory for much of the day, but volume failed to confirm a reversal.
• Volatility surged in early hours, then compressed, with Bollinger Bands narrowing near 0.0105–0.0106.
• Turnover peaked at 18.6 million at 06:45 ET, coinciding with a sharp drop to 0.01035, but failed to trigger a reversal.

JasmyCoin/Tether (JASMYUSDT) opened at 0.01105 on 2025-10-13 at 12:00 ET and closed at 0.01048 on 2025-10-14 at the same time. The 24-hour range was 0.01118–0.01020, with a total volume of 222,218,384.05 and turnover of 2,360.81. The asset remained under downward pressure for most of the session, forming a bearish consolidation pattern.

Structure & Formations

Over the past 24 hours, JASMYUSDT displayed a descending channel pattern, with price testing key support at 0.01035–0.01038 three times. A bearish engulfing pattern formed at 06:45 ET as price dropped from 0.01058 to 0.01035. While a morning doji at 07:15 ET suggested indecision, the overall trend remained bearish. A key resistance level appears to have formed at 0.01058, where price failed to hold above for more than two consecutive 15-minute candles.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended lower, with price consistently closing below both. This suggests short-term bearish momentum. On the daily chart, the 50-period MA was near 0.01065, and the 200-period MA sat at 0.01080, indicating a broader bearish bias. Price remains below both, reinforcing the potential for further downside in the near term.

MACD & RSI

The 15-minute MACD turned negative after 06:00 ET and maintained a bearish divergence with price into the afternoon. RSI dipped below 30 for much of the session, signaling oversold conditions, but failed to produce a convincing reversal. By the close of the 24-hour window, RSI stood at 28, suggesting the potential for a short-term bounce, but volume remained muted during these attempts.

The Bollinger Bands narrowed sharply from 08:00–10:00 ET, indicating a period of low volatility and potential for a breakout. By 14:00 ET, the bands had widened again, and price tested the lower band at 0.01035. Price remained within the bands for the majority of the session, suggesting that the move lower was driven by trend-following rather than volatility spikes.

Volume & Turnover

Volume peaked at 18.6 million at 06:45 ET, coinciding with a sharp drop in price to 0.01035. However, subsequent bounces from this level were accompanied by lower volume, suggesting a lack of conviction in buyers. Turnover followed a similar pattern, with the highest levels recorded in the early morning and again at 14:30 ET. The price and turnover divergence around 10:00–12:00 ET raised questions about the sustainability of the short-term bounce.

Fibonacci Retracements

Applying Fibonacci levels to the recent 15-minute swing from 0.01153 (high at 21:15 ET) to 0.01020 (low at 10:45 ET), key levels include 0.01078 (38.2%) and 0.01052 (61.8%). Price tested the 0.01052 level on two occasions, failing to break above both times. This suggests that 0.01052 may now serve as a dynamic resistance. On the daily chart, a 61.8% retracement from the broader move lies near 0.01080, a level price has yet to reclaim.

Backtest Hypothesis

Given the recent oversold conditions and the consistent volume divergence observed in the JASMYUSDT pair, a potential backtesting strategy could involve evaluating a 3-day hold approach triggered by RSI levels below 30. This method would involve entering a long position when RSI dips below 30 on the 15-minute chart and holding for three days, then exiting regardless of price direction. Such a strategy could be tested using the JASMYUSDT pair from 2022-01-01 to today to assess its historical effectiveness in capturing rebounds from bearish exhaustion.