Market Overview for JasmyCoin/Tether (JASMYUSDT) – 2025-09-21

• JASMYUSDT declined by 2.2% over 24 hours, with a key low forming near 0.01401.
• Volatility expanded in the latter half, as seen in the 15-minute Bollinger Bands widening.
• A bearish engulfing pattern formed near 0.01426, indicating a potential short-term reversal.
• RSI entered oversold territory, suggesting potential for a near-term bounce.
• Volume remained mixed, but turnover surged in the final 6 hours, confirming selling pressure.

JasmyCoin/Tether (JASMYUSDT) opened at 0.01438 at 12:00 ET–1 and closed at 0.01401 at 12:00 ET, with a daily high of 0.01442 and a low of 0.01401. Total volume for the 24-hour period was 46,377,068.8 and turnover amounted to approximately $646,828. The pair experienced a bearish 15-minute move in the early session before a late-stage consolidation attempt.

Structure & Formations

The 15-minute OHLC data reveals a bearish continuation pattern, with a bearish engulfing candle forming around 20:45–21:00 ET and a key low at 0.01401 in the 15:45–16:00 ET interval. This candlestick formation, combined with a 0.01411–0.01428 trading range in the afternoon, suggests exhaustion in the rally and a potential short-term pivot into bearish momentum. A doji formed near 0.01420 during the 1:15 AM ET session, hinting at a potential area of indecision.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages both trended downward through the session, with the price falling below both by the early afternoon. This indicates a bearish bias in the short term. For the daily chart, a 50/100/200-period EMA crossover is not available due to lack of historical data, but the 24-hour close at 0.01401 remains significantly below the 15-minute moving averages.

MACD & RSI

The 15-minute MACD line crossed below the signal line just after 17:00 ET and remained in bearish territory for the rest of the session. RSI fell into oversold territory at 0.01401 in the 15:45–16:00 ET window, suggesting the asset may find short-term support near that level. However, RSI remains below 30, indicating that further selling pressure could persist unless a strong reversal candle emerges.

Bollinger Bands

Bollinger Bands showed a moderate expansion in the afternoon and evening, aligning with the bearish move. The price closed near the lower band at 0.01401, confirming a potential oversold condition. A retest of the upper band at ~0.01428 is likely in the next 24 hours if a rebound occurs.

Volume & Turnover

Volume was unevenly distributed, with a significant increase in activity after 20:00 ET, particularly during the 20:00–22:00 ET period. Notional turnover rose sharply during these hours as well, confirming the bearish trend. Price and turnover remained aligned in the final 6 hours, indicating a strong bearish consensus among market participants.

Fibonacci Retracements

Applying Fibonacci levels to the 15-minute swing from 0.01442 to 0.01401, the 38.2% retracement is at ~0.01425 and the 61.8% retracement at ~0.01415. These levels may act as temporary support or resistance in the coming hours. The 0.01425 level coincided with a key bearish engulfing candle and appears to be a significant psychological threshold.

Backtest Hypothesis

A potential backtesting strategy could involve entering a short position upon a bearish engulfing pattern forming below the 50-period moving average on the 15-minute chart, confirmed by a close near the lower Bollinger Band and a RSI below 30. A stop-loss could be placed above the 38.2% retracement level (~0.01425), with a target at the 61.8% level (~0.01415). This setup aims to capitalize on a short-term bearish correction, leveraging a combination of candlestick confirmation, volatility contraction, and momentum indicators.