JasmyCoin/Tether Market Overview: 24-Hour JASMYUSDT Candlestick Analysis

Generated by AI AgentTradeCipherReviewed byAInvest News Editorial Team
Friday, Nov 7, 2025 6:09 pm ET1min read
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- JASMYUSDT surged to $0.01011 in 24 hours, driven by strong volume and bullish technical indicators.

- Key indicators showed 50-period MA crossing above 20-period and RSI hitting overbought levels, signaling potential momentum shifts.

- Volume spiked during breakout, with Bollinger Bands expanding as price reached the upper band, indicating heightened volatility.

- A backtesting strategy using RSI-14 overbought signals will assess historical effectiveness for JASMYUSDT trades.

Summary
• JASMYUSDT surged to $0.01011, up from $0.00857, on a sharp 24-hour rally.
•

Momentum
accelerated after 20:00 ET, breaking above prior resistance near $0.0095.
• Volume and turnover spiked in the final 3 hours, confirming strong bullish conviction.

JasmyCoin/Tether (JASMYUSDT) opened at $0.00857 on 2025-11-06 at 12:00 ET and closed at $0.01002 on 2025-11-07 at 12:00 ET, reaching a high of $0.01011 and a low of $0.00857. Total 24-hour volume amounted to 250,362,015.2 JASMY and notional turnover of $1,529,944.09. The pair saw a pronounced upward trend, especially between 16:00 and 17:00 ET, with aggressive price action breaking out of a consolidation phase.

The 20 and 50-period moving averages on the 15-minute chart were consistently bullish, with the 50-period line crossing above the 20-period at the start of the rally. On the daily chart, the 200-period moving average acted as a critical support level, which the price decisively surpassed. This suggests a potential shift in medium-term sentiment from bearish to bullish.

On the 15-minute MACD, the histogram expanded strongly between 16:00 and 17:00 ET, confirming momentum acceleration. RSI climbed above 70 during the late ET hours, indicating overbought conditions and a potential pullback. However, price failed to retest key Fibonacci levels at 38.2% and 61.8% during the consolidation phase, suggesting sellers lacked conviction at those levels.

Bollinger Bands expanded during the breakout, with price reaching the upper band at $0.01011, a sign of heightened volatility. Volume was closely aligned with price direction, with higher-volume candles forming at critical turning points, including the initial breakout and the final close. No notable divergence was observed between volume and price during the rally.

Backtest Hypothesis
The proposed backtesting strategy relies on RSI-14 crossings above the 70 overbought threshold to generate trade signals. While the current 24-hour JASMYUSDT data shows RSI reaching overbought levels, the exact RSI-14 series and historical price data are required to simulate a 1-day holding strategy. Once the RSI-14 time series is obtained, it will be used to identify potential entry points from 2022-01-01 onward. The strategy would then be tested for performance metrics such as CAGR, hit ratio, and maximum drawdown, offering a data-driven view on the effectiveness of overbought RSI-based trades for JASMYUSDT. The success of this approach will depend on how the market historically responded to such signals and the liquidity conditions of the pair.