JasmyCoin Market Overview: 2025-07-16

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Summary
• JasmyCoin (JASMYUSDT) broke resistance at 0.0170, hitting a 24-hour high of 0.01705 amid elevated volumes.
• Support near 0.0165 held multiple times, forming a key bullish pivot point.
• Bullish engulfing candles on July 16 suggest strong buying pressure ahead of potential pullbacks.

Over the past 24 hours, JasmyCoin (JASMYUSDT) opened at 0.01597 (12:00 ET-1) and closed at 0.01689 (12:00 ET), peaking at 0.01705 and bottoming at 0.01602. Total trading volume reached ~200 million JASMY with a turnover of ~$4.7 million USDT.

Market Analysis

Structure & Formations

The price broke above resistance at 0.0170, a level previously tested multiple times over the past 48 hours. Key support at 0.0165 held during the July 15–16 consolidation phase, acting as a pivot for upward momentum. A bearish reversal candle on July 16 at 15:45 ET (closing at 0.01685) briefly tested this support before rebounding.

Moving Averages

The 15-minute chart shows the price trading above both the 20-period (0.0166) and 不在乎 (0.0165) moving averages, signaling short-term bullish alignment. On the daily timeframe, the 50-period MA (~0.0163) acts as a long-term support anchor.

MACD & RSI

The MACD line crossed above its signal line, confirming bullish momentum. The RSI, however, remains in overbought territory (~72), suggesting a pullback to 0.0168–0.0165 could materialize within the next 24 hours.

Bollinger Bands

Price is hugging the upper band (0.0170) following the breakout, indicating high volatility. A reversion toward the 20-period MA (0.0166) may occur as volatility contracts.

Volume & Turnover

Volume spiked during the July 16 15:00 ET candle (14.3 million JASMY), validating the breakout. Notably, turnover rose in tandem with price, with no significant divergences observed.

Fibonacci Retracements

The 61.8% retracement of the July 15–16 swing (0.01685) was tested but held. A sustained close above 0.0170 could target the 78.6% level (0.0171).

Outlook & Risks

The near-term focus remains on whether 0.0170 resistance holds as a breakout level. A retest of 0.0165 support could present buying opportunities if momentum reignites. Investors should remain cautious of profit-taking above 0.0170, as overbought conditions and high volatility may amplify downside risks in the coming session.

⚠️ Risk caveat: Extreme price swings are likely given the recent volatility and overbought signals.