JasmyCoin/Tether Market Overview: A Volatile Bullish Move into 0.01106

• JASMYUSDT surged 1.13% over the last 24 hours, closing at 0.01106 after testing key resistance levels.
• Momentum remains bullish with RSI trending toward overbought, suggesting potential pullback.
• Volatility expanded during the overnight session, marked by volume spikes and strong follow-through.
• A bullish engulfing pattern emerged at 0.01100, reinforcing the case for continued upside.
• Bollinger Bands show widening, indicating increased uncertainty and potential for a directional move.

JasmyCoin/Tether (JASMYUSDT) opened on 2025-10-12 at 0.01055 and reached a high of 0.01128 during the session, closing at 0.01106 on 2025-10-13. The pair traded between 0.01051 and 0.01128 over the last 24 hours, with total volume of 229,143,615.5 and notional turnover of approximately $2,536,565. Key support levels appear to be forming near 0.01090, with strong candlestick confirmation, and resistance is evident near 0.01115.

The 20-period EMA on the 15-minute chart now rests just below the current price, while the 50-period EMA is catching up, suggesting sustained bullish momentum. On the daily chart, the 50- and 200-period EMAs have crossed into a golden cross configuration, reinforcing the bullish bias. MACD remains in positive territory with a narrowing histogram, hinting at potential exhaustion in the near term. RSI, at 66, suggests the market is approaching overbought territory, but not yet at a sell signal.

Bollinger Bands have expanded significantly overnight, with price hovering near the upper band at several points. This reflects increased volatility and anticipation of a breakout. On the 15-minute chart, a bullish engulfing pattern formed at 0.01100, confirming a short-term reversal from a prior consolidation phase. The 0.01095–0.01105 range has become a key battleground, with several failed attempts to break below this level. Fibonacci retracements suggest 0.01114 (61.8%) as the next key level, aligning with the upper Bollinger Band and recent highs.

Volume spiked dramatically during the overnight session, especially between 0.01103 and 0.01115, where the price held above 0.01100. This is consistent with accumulation and indicates strong buying pressure. Notional turnover rose in tandem, with a notable divergence not observed during earlier retracements. The price and volume action align well, suggesting a credible breakout attempt. However, the RSI’s rapid ascent raises the possibility of a short-term correction before further upside.

The backtest hypothesis seeks to exploit the current bullish momentum by using RSI as a timing filter. A buy signal would trigger when RSI drops below 30 (oversold), followed by a reversal above 30, confirming a short-term bottom. Exit signals would be triggered once the price reaches the highest close of the previous 20 days (a dynamic resistance level), ensuring a profit-taking mechanism based on trend-following principles. The backtest would use 15-minute candles to align with the observed intraday volatility, and include a 2% stop-loss to manage risk. A maximum holding period of 48 hours would prevent extended exposure to market uncertainty. This strategy could be backtested using the provided 2022–2025 data to evaluate its effectiveness in capturing short-term bullish moves in JASMYUSDT.