Market Overview for JASMYUSDT on 2025-09-17

• • JASMYUSDT rose 0.35% in 24 hours, with a bullish close at 0.01435 after testing key resistance.
• • RSI crossed 60, suggesting moderate bullish momentum, with no signs of overbought conditions yet.
• • Volume surged 3.2x above 24-hour average during 19:00–21:00 ET, confirming bullish continuation.
• • Price traded within expanding Bollinger Bands, with volatility increasing after 19:00 ET.
• • A bullish engulfing pattern formed during 20:15–20:30 ET, indicating a possible short-term reversal.

JasmyCoin/Tether (JASMYUSDT) opened at $0.01421 on 2025-09-16 12:00 ET and closed at $0.01435 on 2025-09-17 12:00 ET. The pair reached a high of $0.0146 and a low of $0.01416, with total volume of 36.6 million tokens and turnover of $530,400 over 24 hours. The price demonstrated a strong upward bias in the latter half of the session.

Structure & Formations

Price broke above a prior 4-hour resistance at $0.01435 and tested $0.01440–0.01445 twice before consolidating. A bullish engulfing pattern emerged at $0.01440 on 2025-09-16 20:15 ET, confirming a short-term reversal. A doji formed at $0.01447 on 21:15 ET, signaling potential indecision at the upper end of the range. Key support levels appear at $0.01435 and $0.01425, while resistance has shifted to $0.01445 and $0.01450.

Moving Averages

On the 15-minute chart, the 20-period MA crossed above the 50-period MA, forming a bullish crossover. The 50-period MA is now at $0.01432, acting as dynamic support. The 200-period daily MA stands at $0.01422, indicating a long-term bullish bias. Price is currently above both short- and long-term moving averages, suggesting continued accumulation.

MACD & RSI

The 12-26 MACD crossed above the signal line at 20:15 ET, confirming bullish momentum. The histogram expanded as the rally accelerated, with MACD at 0.00005 and signal at 0.00003. The RSI climbed to 62 from 53 over the 24-hour window, suggesting increasing buyer control but not yet entering overbought territory. The RSI remains above 50, signaling sustained bullish pressure.

Bollinger Bands

The 20-period Bollinger Bands expanded during the 19:00–21:00 ET window, reflecting heightened volatility. Price reached the upper band at $0.01445 and bounced, suggesting a temporary ceiling. The bands currently sit at $0.01424 (lower) to $0.01446 (upper), with price near the midline, indicating a potential continuation of the upward trend. A breakout above the upper band could confirm a strong bullish phase.

Volume & Turnover

Volume spiked to 7.2 million tokens during the 19:00–19:30 ET hour, coinciding with the push to $0.01442. The notional turnover (volume × price) reached $102,000, a 3.2x increase over the 24-hour average. Price and turnover aligned during the 19:00–21:00 ET window, confirming the bullish move. Divergences were not observed during the reporting period, indicating strong conviction in the move.

Fibonacci Retracements

The 15-minute retracement levels for the recent swing from $0.01416 to $0.0146 show key levels at $0.01434 (38.2%) and $0.01442 (61.8%). Price stalled near the 61.8% retracement at $0.01442, suggesting temporary resistance. Daily retracements from the 2025-09-10 low at $0.01389 and 2025-09-16 high at $0.0146 show 38.2% at $0.01429 and 61.8% at $0.01447—price is approaching the 61.8% level, which could act as a critical test in the next 24 hours.

Backtest Hypothesis

A backtesting strategy could leverage the 15-minute bullish crossovers of the 20/50 MA and RSI above 55 as entry signals. A stop-loss could be placed at the 38.2% Fibonacci level ($0.01434), with a take-profit at the 61.8% level ($0.01442). This approach would aim to capture momentum plays during strong volatility periods. Given the current setup, a long-bias strategy with a trailing stop could capitalize on the expanding bullish momentum observed in the last 48 hours.