Market Overview for JasmyCoin/Tether (JASMYUSDT) on 2025-10-05

• JASMYUSDT traded in a tight 0.4% range, consolidating between 0.01265 and 0.01305.
• Key resistance at 0.01303 and support at 0.01296 tested multiple times with no decisive breakout.
• Volume increased sharply on the upside but failed to confirm a bullish reversal.
• RSI hovered near 55, suggesting neutral momentum with potential for a breakout.
• MACD remained in a flat zero line, signaling no clear directional bias.

JasmyCoin/Tether (JASMYUSDT) opened at 0.01265 on 2025-10-04 16:00 ET and closed at 0.01305 on 2025-10-05 12:00 ET. The 24-hour range was between 0.01265 and 0.01328, with an average price of 0.01294. Total volume was approximately 62,750,654 and notional turnover was 811,724 USDT.

Structure & Formations

Over the past 24 hours, JASMYUSDT displayed a tight consolidation pattern, with multiple attempts to break above 0.01303 failing due to strong resistance. Notable support was observed at 0.01296, where the price found buying interest multiple times, forming bullish hammer patterns. On the upside, a series of bullish engulfing patterns emerged during the early ET hours, but subsequent bearish spinning tops and doji near 0.01303 suggested indecision among traders. A key 15-minute bearish engulfing pattern formed near 0.01303 on 2025-10-05 03:15 ET, which could signal short-term bearish pressure.

Moving Averages

The 20-period and 50-period 15-minute moving averages (SMA) remained closely aligned around 0.01296–0.01298, indicating a flat trend and no strong directional bias. The 50-period SMA on the daily chart was at 0.01295, with the price currently above it, suggesting a mildly bullish bias on longer timeframes. However, the 200-period daily SMA at 0.01290 has yet to be decisively tested, which could offer a key support level if the price retraces further.

MACD & RSI

The MACD on the 15-minute chart showed a flat zero line with no clear divergence, signaling that momentum remained neutral. The MACD histogram alternated between slight positive and negative territory, consistent with a sideways price action. On the RSI, the 14-period indicator remained in the neutral range, oscillating between 50 and 55 most of the day. While it reached 58 near 0.01302, the price failed to break above key resistance. This suggests that while some short-term buyers were active, they lacked the conviction to push the price higher. RSI is not currently in overbought or oversold territory, indicating room for either direction.

Bollinger Bands

Bollinger Bands showed a moderate expansion during the bullish push around 2025-10-05 02:45 ET, with the upper band reaching 0.01311. The price remained within the bands for most of the period, staying closer to the midline and suggesting consolidation. A key bearish contraction was observed between 0.01303 and 0.01301 after 2025-10-05 03:30 ET, indicating a potential reversal. The lower band sat at 0.01294 and was tested multiple times, offering a potential short-term support level.

Volume & Turnover

Volume was notably higher during the bullish attempt around 0.01303, particularly on the 15-minute chart, with the highest turnover recorded at $14,800,390 on 2025-10-05 03:00 ET. However, after failing to break above 0.01303, volume declined sharply, suggesting that the bullish momentum lacked follow-through. The total 24-hour turnover of $811,724 was concentrated in the upper half of the range, with no significant divergence in price and volume dynamics observed. This suggests that while short-term buyers were active, sellers were able to reassert control, maintaining the consolidation pattern.

Fibonacci Retracements

On the recent 15-minute swing from 0.01265 to 0.01303, the 61.8% Fibonacci level was at 0.01293 and was tested twice, with the price bouncing off it on the second attempt. The 38.2% level at 0.01286 was not directly tested but remained in the range of the lower half of the consolidation. Daily Fibonacci levels were not directly relevant as the price had not moved far enough from the previous high. The 0.01293 level could act as a key short-term support if the price dips again, with a potential target at 0.01290 if that level breaks.

Backtest Hypothesis

Based on the observed support/resistance levels and volume behavior, a potential backtesting strategy could involve a breakout and reversal system. A long entry could be placed when the price closes above 0.01303 with increased volume, targeting 0.01315, with a stop-loss below 0.01300. Conversely, a short entry could be considered on a close below 0.01293, targeting 0.01288, with a stop above 0.01296. This strategy would aim to capitalize on the range-bound nature of the market, using volume and price action to confirm directional bias.