Market Overview for JasmyCoin/Tether (JASMYUSDT) as of 2025-09-26

• JASMYUSDT declined from 0.01232 to 0.01202 in 24 hours amid heavy volume and bearish momentum.
• RSI and MACD signaled bearish momentum, with price below 20-period moving average.
• Volatility expanded through Bollinger Bands as price traded near a key 0.012 support level.
• Divergence between price and turnover flagged late-hour buying interest at lower levels.
• Fibonacci 61.8% retracement (0.01206) served as a short-term psychological floor for buyers.

JasmyCoin/Tether (JASMYUSDT) opened at 0.01231 at 12:00 ET–1 and closed at 0.01202 by 12:00 ET, reaching a high of 0.01232 and a low of 0.0118. The 24-hour volume totaled 91.95 million, with a turnover of $1.09 million. A bearish bias emerged through sharp intraday declines, a bearish MACD cross, and an RSI trending toward oversold territory.

Structure & Formations

Price moved in a bearish sequence over the 24-hour period, forming bearish reversal patterns, including a deep green engulfing candle at 17:30 ET and a bearish harami at 00:00 ET. Key support levels emerged at 0.01205 and 0.01195, both of which acted as temporary floors. A key 0.012 support level was tested repeatedly, with a partial rejection observed in the final hours of the session, suggesting potential for a short-term bounce.

Moving Averages

On the 15-minute chart, the 20- and 50-period moving averages both fell below the price, confirming the bearish trend. The 50-period line held at 0.01214–0.01216 during the early part of the session but was decisively broken by the afternoon. Daily moving averages (50/100/200) showed a similar bearish alignment, with the 50-day line at 0.0123 and the 200-day at 0.0127, reinforcing the broader downtrend.

MACD & RSI

The MACD line crossed below the signal line in early evening hours and remained bearish throughout the session, confirming the downward pressure. RSI dipped into the 25–30 oversold range by the final hours, indicating potential for a bounce or consolidation. However, the divergence between price and RSI suggested lingering bearish sentiment, with bearish momentum likely to persist unless there is a clear rejection of the 0.012 support level.

Bollinger Bands

Volatility expanded significantly during the session, with price trading outside the lower Bollinger Band for most of the period after 5 PM ET. The widening bands indicated increased uncertainty and a potential shift in market sentiment. Price re-entered the lower band in the final hours, suggesting that traders are watching for a test of the 0.01195 support. A breakout above the 0.01215–0.0122 range could signal a short-term reversal.

Volume & Turnover

The volume profile showed a sharp increase starting at 5 PM ET, with over 20 million contracts traded at 17:30 ET. Turnover spiked during this period, reinforcing the bearish move. However, in the final 3 hours of the session, volume remained elevated while price traded near key support levels. This divergence suggested that buyers may be entering the market at lower levels, potentially setting up a short-term rebound scenario if the 0.01206 level holds.

Fibonacci Retracements

Applying Fibonacci retracements to the most recent 15-minute swing from 0.01232 to 0.01195, the 61.8% level aligned with 0.01206, which coincided with strong support seen in late trading. On the daily chart, Fibonacci levels from the key 0.01268 high to 0.0118 low also showed 0.01206 as a key psychological level. These levels could influence short-term behavior, with a break below 0.01195 likely to accelerate the downtrend.

Backtest Hypothesis

The backtesting strategy involves entering a long position when price closes above the 0.0121 Fibonacci level with a confirming higher volume bar and RSI above 50. A stop loss is placed at 0.01205, with a target at 0.01225. The intraday data suggests that this strategy could capture a short-term bounce if the 0.01206 support holds, especially in the next 24 hours. However, given the bearish momentum and the alignment of multiple technical indicators, a reversal should be confirmed before entering any long positions.