Market Overview: JASMYUSDT 24-Hour Analysis – October 12, 2025

• JASMYUSDT traded in a tight range between $0.0095–$0.0107, ending near $0.0107 after a late 15-minute bullish breakout.
• Momentum improved slightly late in the session, with RSI reaching 58 and MACD showing positive divergence.
• Volatility expanded after 15:00 ET as the pair broke above prior resistance at $0.0106 and tested $0.0107.
• Notional turnover exceeded $500 million, driven by heavy volume on the final three 15-minute candles.
• A bearish engulfing pattern formed at $0.01035 earlier in the session, signaling potential short-term correction risk.

JasmyCoin/Tether (JASMYUSDT) opened at $0.0104 on October 11 at 12:00 ET, reaching a high of $0.01075 before closing at $0.01069 at 12:00 ET on October 12. The 24-hour trading session saw total volume of approximately 328.7 million JASMY and notional turnover exceeding $500 million, reflecting increased market interest and positioning ahead of the close.

Structure & Formations

Price action revealed a key support level forming around $0.01005, where the pair found a temporary floor in mid-session after an early morning breakdown. This support was retested several times before buyers retook control after 15:00 ET. A bullish breakout above the prior 24-hour high of $0.01065 occurred on heavy volume, forming a potential continuation pattern. A doji near the close at $0.01075 suggests short-term indecision, hinting at a possible pullback or consolidation period.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart crossed in a golden cross pattern after 14:45 ET, signaling a short-term bullish signal. On the daily chart, the 50- and 200-day MAs remained in a bullish alignment, with price above both, suggesting continued long-term strength. The 100-day MA at $0.0105 served as a psychological level, with price briefly dipping below it during the mid-session selloff.

MACD & RSI

The MACD crossed into positive territory after 15:00 ET, with a rising histogram confirming bullish momentum. RSI improved from 42 in early afternoon to 58 by the session close, indicating moderate strength but not reaching overbought territory. A divergence between price and MACD during the mid-session decline suggests a potential false break, which was ultimately rejected by buyers.

Volume & Turnover

Volume spiked during the late afternoon and evening session, particularly in the 15:00–17:00 ET window, with the largest 15-minute candle (volume: 46.7 million JASMY) forming at $0.01031. This was followed by a rapid rebound on strong volume, suggesting accumulation by institutional or high-volume traders. Turnover diverged from volume during the mid-session dip, indicating bearish uncertainty.

Fibonacci Retracements

A key Fibonacci level at 61.8% (approx. $0.01049) held during the mid-session correction, preventing further downside. The 38.2% retracement level at $0.01024 also served as temporary resistance during a morning sell-off. On the 15-minute chart, the breakout above $0.01065 coincided with the 78.6% Fibonacci extension of a prior bullish leg, reinforcing the validity of the move.

Backtest Hypothesis

The backtesting strategy emphasizes a breakout-based approach triggered by the 20-period moving average crossing above the 50-period MA and confirmation by a bullish engulfing pattern on the 15-minute chart. This setup would have generated a signal at $0.01055–$0.01065, with a stop-loss placed below $0.01045 and a target aligned with the 61.8% Fibonacci extension at $0.0108. A backtest using historical data from the past three months would be required to confirm the viability of this entry, but the current setup aligns with the conditions described.