Market Overview for JasmyCoin/Tether (JASMYUSDT): Volatile 24 Hours with Mixed Momentum

Summary
• Price fluctuated between 0.00682 and 0.00714, showing no clear trend.
• Volume surged after 20:00 ET, but price failed to hold key highs.
• RSI oscillated in mid-range, suggesting indecision.
• Bollinger Bands widened during volatile swings, then contracted.
• A bearish engulfing pattern formed at 19:15 ET, followed by consolidation.

JasmyCoin/Tether (JASMYUSDT) opened at 0.007 on 2026-01-04 at 12:00 ET and closed at 0.00696 on 2026-01-05 at 12:00 ET, with a high of 0.00714 and low of 0.00682. Total volume was 84,284,327.5 and turnover amounted to 592,500.65 USD over the 24-hour window.

Structure & Formations

Price action was range-bound with a bearish engulfing pattern at 19:15 ET suggesting temporary bearish momentum. Support levels formed around 0.00697 and 0.0069, while resistance was evident near 0.00705. A doji at 23:45 ET indicated indecision before the final push higher.

Moving Averages

On the 5-minute chart, price hovered near the 20-period MA but remained below the 50-period MA, signaling a neutral to slightly bearish bias. Longer-term (daily chart) averages were not strongly breached, maintaining a sideways tone.

MACD & RSI

MACD remained near the zero line, with no strong momentum signals. RSI fluctuated between 45 and 55, remaining in neutral territory. No clear overbought or oversold readings emerged, suggesting market indecision.

Bollinger Bands

Volatility increased sharply between 19:00 and 21:00 ET, with bands expanding as price swung between 0.00702 and 0.00714. A contraction followed in the early morning, indicating a potential pause in directional bias.

Volume & Turnover

Volume spiked after 20:00 ET but failed to confirm the higher highs, indicating divergent price-volume action. Turnover also peaked during this period, but the momentum failed to sustain.

Fibonacci Retracements

A key 5-minute retracement level at 0.00703 (61.8% of a prior bearish swing) held as resistance, limiting upside. Daily-level retracements were not breached, keeping the overall trend neutral.

Looking ahead, the price may test the 0.00703 resistance level again over the next 24 hours. Traders should be cautious about divergences in volume and potential breakouts or breakdowns from key levels.