Market Overview for JasmyCoin/Tether (JASMYUSDT) on 2025-09-22

• JASMYUSDT declined 0.31% over 24 hours amid bearish momentum and volatile swings.
• Price found short-term support near 0.01391 and tested resistance at 0.01405 multiple times.
• Volatility increased dramatically after 00:00 ET, with a single 15-minute candle dropping nearly 5%.
• RSI moved into oversold territory, hinting at potential short-term reversal.
• Bollinger Bands show recent expansion, indicating increased market uncertainty.

The JASMYUSDT pair opened at 0.01402 on 2025-09-21 at 12:00 ET and closed at 0.01254 on 2025-09-22 at 12:00 ET, reaching a high of 0.01409 and a low of 0.01214. Total volume traded in the 24-hour window was 429,167,044.2 JASMY, and notional turnover was approximately $5,712,330 (using a mid-rate of ~$0.0133). Price action shows a sharp bearish reversal in the early hours of ET, followed by a consolidation phase with reduced volatility.

Structure & Formations

Price action on the 15-minute chart displayed a bearish engulfing pattern at the top of the 0.01401–0.01409 range, signaling a shift in sentiment. Later in the session, a key support level at 0.01391 held three times before being broken after 00:45 ET. A large bearish candle on the 0.01383–0.01356 move indicated strong selling pressure. The price has since consolidated between 0.0125 and 0.0128, forming a potential base ahead of the next leg down or a rebound.

Moving Averages

The 20-period and 50-period SMAs on the 15-minute chart show a strong bearish bias, with the price trading well below both. On the daily chart, the 50-period SMA is at 0.01377, and the 200-period SMA is at 0.01391, suggesting a longer-term bearish setup as price remains beneath key averages. A rebound would need to close above the 50-period SMA to trigger a reversal signal, though this seems unlikely unless there's a sudden volume-driven reversal.

MACD & RSI

The MACD line has crossed below the signal line, confirming a bearish momentum trend with a negative histogram widening after the sharp drop on 00:45 ET. The RSI has entered the oversold territory around 28–30, suggesting a potential short-term bounce. However, the divergence between price and RSI—where price is falling faster than RSI—is a sign of exhaustion. A sustained close above 0.01275 might signal a near-term rebound, but a break below 0.0124 could extend the bearish momentum.

Bollinger Bands

Volatility spiked on the 00:45 ET candle, with the price dropping nearly 5% from 0.01383 to 0.01356. Bollinger Bands expanded significantly as a result, and the price has since remained near the lower band, indicating a high degree of uncertainty. A rebound toward the mid-band at 0.0130–0.0131 may offer a short-term target. However, a further decline below the lower band could signal continuation of the bearish trend.

Volume & Turnover

Volume spiked sharply in the early morning ET, particularly on the 00:45–01:00 ET candles, where a single candle accounted for nearly 78 million JASMY traded. This volume surge coincided with the sharp drop in price and likely reflects panic selling. While volume has declined in the latter part of the session, the low volume during consolidation suggests weak conviction in the current range. A breakout attempt would likely require a significant increase in volume for confirmation.

Fibonacci Retracements

Applying Fibonacci retracement levels to the key bearish move from 0.01409 to 0.01214 reveals potential support at 0.01323 (38.2%) and 0.01268 (61.8%). The current price is near the 61.8% retracement level, suggesting that this area may be a critical test for near-term stability. A break below this level could confirm a deeper bearish phase, while a rebound from it may trigger a short-term bounce.

Backtest Hypothesis

A potential backtesting strategy could focus on shorting on a breakout below key Fibonacci support levels and taking profit on a retest of the 0.01268 level. Additionally, long positions could be considered if RSI crosses above 30 and volume increases, signaling a potential short-term reversal. The strategy would benefit from combining RSI divergence, MACD confirmation, and volume analysis to filter high-probability entry points. This approach aligns well with the observed technical conditions, especially given the exhaustion in the bearish move and the oversold RSI.