JASMYUSDT Market Overview – 2025-11-13

Summary
• JASMYUSDT opened at $0.00924 and closed at $0.00914, with a low of $0.00908 and high of $0.00957.
• Price moved sideways with consolidation before a late rally into the afternoon.
• Volume surged in the latter half of the session, confirming higher conviction in the move.

JasmyCoin/Tether (JASMYUSDT) opened at $0.00924 on 2025-11-12 at 12:00 ET and closed at $0.00914 on 2025-11-13 at 12:00 ET, with an intraday high of $0.00957 and low of $0.00908. Total volume for the 24-hour period reached approximately 162,653,648 JASMY, and notional turnover was roughly $1,497,332, based on the 15-minute OHLCV data.

Structure & Formations

JASMYUSDT displayed a rangebound structure early in the session, with price oscillating between the $0.00915 and $0.00925 level. A key breakout occurred in the early afternoon, with a bullish engulfing pattern forming around 17:45 ET, followed by a continuation into a higher consolidation zone. A late-day pullback occurred as bearish volume expanded, but the price found support at $0.00914, forming a potential bottoming pattern.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages showed a bullish crossover around 18:15 ET. On the daily chart, the 50/100/200 SMA were aligned in a relatively flat structure, indicating the market is in a consolidation phase. The 200 SMA remains above current price, signaling a mildly bearish bias for the longer term.

MACD & RSI

The MACD line crossed above the signal line during the early afternoon, indicating a potential shift in momentum. However, RSI failed to break above 50 and peaked around 45–50, suggesting that the rally was met with resistance. RSI also did not show overbought readings (stayed below 60), indicating the rally lacked conviction and may continue to test lower levels.

Bollinger Bands

Volatility remained relatively narrow until 19:00 ET when a sharp move pushed the price above the upper Bollinger Band, indicating a breakout. This was followed by a contraction in volatility, suggesting traders may be assessing the sustainability of the move. Price is currently trading below the 20-period Bollinger Band mean, pointing to a potential retest of support in the near term.

Volume & Turnover

Volume spiked in the late afternoon, reaching a high of 13 million JASMY at 15:00 ET, coinciding with the price breakout. Notional turnover also surged, reaching approximately $11.8 million. However, volume declined in the evening as the price consolidated, indicating reduced conviction in the move. A divergence between price and volume in the latter half of the session suggests potential bearish pressure.

Fibonacci Retracements

Fibonacci levels were drawn from the swing high of $0.00957 to the swing low of $0.0092. The price tested the 61.8% level ($0.00938) during the consolidation phase and bounced off it, forming a potential support zone. The 38.2% retracement at $0.00944 may serve as a resistance level on any further up moves.

Backtest Hypothesis

Using the identified Bullish Engulfing pattern observed on 2025-11-12 at 17:45 ET, a potential long signal could be triggered with a stop-loss placed at the low of the engulfing candle ($0.00915) and a take-profit at the 61.8% Fibonacci level ($0.00938). A 3-day holding period would capture the immediate consolidation but could miss the late-day pullback. Future backtests should include volatility indicators like Bollinger Bands to assess the strength of the signal. A larger dataset with daily data from 2022 onward would allow for more robust testing of this pattern on JASMYUSDT or similar tickers.