JasmyCoin/Tether (JASMYUSDT) Market Overview for 2025-11-08

Summary
• JASMYUSDT declined by 7.7% over 24 hours, closing at $0.01008 near the session low.
• Volatility increased late Friday, but failed to sustain a breakout above $0.0103.
• Volume spiked during the rally but faded as price retreated, indicating weakening bullish momentum.

The JASMYUSDT pair opened at $0.00988 on 2025-11-07 at 12:00 ET and closed at $0.01008 on 2025-11-08 at 12:00 ET. During the 24-hour period, the pair reached a high of $0.01058 and a low of $0.00976. Total traded volume amounted to approximately $302.5 million, with a notional turnover of $112.6 million based on the 15-minute OHLC data provided.

Structure & Formations

JASMYUSDT displayed a bearish bias throughout the session with multiple bearish candlestick patterns forming. A bearish engulfing pattern appeared around $0.01022 on 2025-11-07 at 18:45 ET, followed by a long lower shadow at $0.01023 on 2025-11-07 at 19:30 ET, suggesting rejection of higher levels. The price failed to retest the intraday high of $0.01058 multiple times, indicating the lack of conviction in buyers. A potential support level appears to form around $0.01008–$0.01016, with a broader resistance range at $0.0103–$0.0105.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages appear to be converging in the $0.0102–$0.0103 range, suggesting a potential area of consolidation ahead. The 20 MA moved below the 50 MA, indicating a short-term bearish crossover. For daily chart analysis, the 50-day MA is around $0.0105, while the 200-day MA is near $0.0102, placing the current price near the 200 MA, indicating a possible support level for the pair in the near term.

MACD & RSI

The MACD histogram turned negative during the price pullback, with a bearish crossover occurring around $0.0103. The RSI dipped below 50, reaching as low as 38.2, indicating a shift toward bearish momentum. However, the RSI has not reached oversold territory, leaving room for a potential bounce from the support range around $0.01008. The pair may need to break below $0.0099 for the RSI to enter oversold conditions, which could offer short-term buying opportunities for cautious bulls.

Bollinger Bands

Price action remained tightly contained within the Bollinger Bands for most of the session, with volatility increasing as the price moved toward the upper band in the late afternoon of 2025-11-07 before retreating sharply. The current price of $0.01008 is positioned near the lower band, suggesting a possible test of the $0.0099–$0.00985 range. A sustained break below the lower band could signal a continuation of the bearish trend, while a rebound toward the middle band may indicate short-term stabilisation.

Volume & Turnover

The volume profile showed a significant spike during the rally to $0.01058 but quickly faded as the price moved lower, indicating bearish divergence. Turnover spiked alongside the rally, peaking at $24.5 million on 2025-11-07 at 20:00 ET. However, as the price declined below $0.0104, volume and turnover both declined, pointing to a loss of institutional interest. A continuation of this trend may lead to further consolidation or a bearish continuation if buyers remain absent.

Fibonacci Retracements

Applying Fibonacci retracements to the 24-hour move from $0.01058 to $0.00976, the 38.2% retracement level is at $0.01025 and the 61.8% level is at $0.01009—both of which closely align with recent price consolidation. The 50% level at $0.01017 appears to be a key psychological barrier for the pair in the short term. If the price can retest the 61.8% level, it may offer a potential entry for bearish traders, while a break above the 38.2% level could signal short-term stabilisation.

Backtest Hypothesis

A potential backtesting strategy for JASMYUSDT could focus on MACD crossover signals combined with volume confirmation. Given the observed bearish divergence in volume during the recent pullback, a MACD bearish crossover with high volume may serve as an early signal of continuation. Conversely, if the RSI enters oversold territory while volume increases, this could suggest a short-term reversal. A backtest could test the efficacy of entering long positions on a bullish MACD crossover with increasing volume and short positions on bearish crossovers with divergence in volume.