JasmyCoin/Tether Market Overview

• JASMYUSDT rallied 1.87% in 24 hours, driven by a late-night breakout and sustained buying pressure.
• Key support at 0.01414 and resistance at 0.01425 tested multiple times, with price consolidating near the upper band.
• Volatility expanded sharply in the early morning, correlating with a 27.8% surge in trading volume.
• RSI and MACD showed bullish momentum, with price remaining above 20- and 50-period moving averages.
• Divergences between price and turnover suggest potential for a pullback or continuation, pending order flow clarity.

JasmyCoin/Tether (JASMYUSDT) opened at 0.01418 on 2025-09-19 12:00 ET and closed at 0.01427 on 2025-09-20 12:00 ET, with a high of 0.01449 and a low of 0.01406 over the 24-hour period. Total volume was approximately 57,503,305.8 and total turnover was $815,052.45, showing a 27.8% increase from the prior 24-hour volume.

The price action on the 15-minute chart revealed a clear shift in sentiment from bearish to bullish, marked by a strong break above the 0.01433 resistance level and a consolidation phase above the 20- and 50-period moving averages. A key bullish engulfing pattern formed at 0.01436, confirming a reversal from a prior downtrend. A double bottom structure at the 0.01414 level also offered strong psychological support, preventing a deeper pullback.

Bollinger Bands showed a clear expansion in volatility during the early hours of 2025-09-20, as price broke above the upper band on increasing volume, suggesting a breakout may be underway. The RSI climbed into overbought territory, reaching 70 at 0.01449, while the MACD histogram turned positive, confirming bullish momentum. However, a divergence between rising price and softening turnover in the later hours of the 24-hour period suggests caution is warranted.

Fibonacci retracement levels showed price testing the 61.8% level of the 0.01406–0.01449 range around 0.01432 before consolidating. The 50- and 20-period moving averages remained bullish, with the 50-period line acting as a dynamic support zone during the consolidation phase. A potential pullback toward the 38.2% retracement level at 0.01425 could trigger renewed buying interest, or if broken, lead to a test of the 0.01414 support.

The backtesting strategy is based on a combination of RSI, MACD, and price action signals. Specifically, it triggers a long signal when the RSI crosses above 50, the MACD line crosses above the signal line, and a bullish candlestick pattern (engulfing or hammer) forms near a key support level. These conditions were met at 0.01436, validating the breakout and continuation of the uptrend.