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

• JASMYUSDT rose 0.7% in 24h, closing near 0.01257 as buyers dominated late-ET sessions.
• Volatility expanded post-ET with a 0.00048 range (0.01211–0.01258) and volume surging near 91M tokens.
• RSI and MACD signaled moderate bullish momentum with no overbought levels reached.
• Bollinger Bands showed contraction in early ET, followed by price expansion above the upper band.
• Downturn in turnover at 15:00 ET coincided with a pullback, signaling caution ahead.

24-Hour Price and Volume Summary

JasmyCoin/Tether (JASMYUSDT) opened at 0.01216 on 2025-10-09 at 12:00 ET and closed at 0.01257 on 2025-10-10 at 12:00 ET. The pair reached a high of 0.01258 and a low of 0.01211 over the 24-hour period. Total volume amounted to 208.1 million tokens, with a notional turnover of approximately $2.65 million (calculated at mid-range of $0.01234).

Structure & Formations

The price formation showed a strong bullish bias, particularly after 18:00 ET on 2025-10-09. A clear bullish engulfing pattern appeared at 18:30–19:00 ET, followed by a continuation of higher closes. Key resistance appears to be forming around 0.01258 (high of day), with 0.01251 and 0.01246 as intermediate levels. Notable support levels are at 0.01237 and 0.01211, the latter of which held briefly but failed to sustain the price. A long-legged doji formed at 15:45 ET, indicating indecision among traders, though buyers reclaimed the session after 19:00 ET.

Moving Averages and Momentum

The 15-minute chart showed the 20SMA and 50SMA in bullish alignment, with the price consistently above both. On the daily chart, the 50DMA and 200DMA appear to be in a slight bullish crossover, though the 100DMA remains slightly bearish. The MACD histogram expanded positively post-19:00 ET, confirming the bullish momentum. RSI climbed to 52 by the end of the 24-hour window, indicating moderate strength but not overbought conditions.

Bollinger Bands and Volatility

Bollinger Bands began to contract around 16:00 ET but rapidly expanded after 19:00 ET, with price breaking above the upper band. This indicates a period of low volatility followed by a sharp rise in buying pressure. The price has remained within the upper third of the bands since 19:00 ET, suggesting sustained bullish energy.

Volume and Turnover

Volume spiked sharply after 19:00 ET, with over 5 million tokens traded at 22:30 ET and again at 11:00 ET on 2025-10-10. The highest turnover came during the 15:00–16:00 ET period, but this coincided with a price pullback, suggesting a divergence. The final 24 hours saw a total of 208.1 million tokens traded, up 48% from the previous 24-hour period.

Fibonacci Retracements

Applying Fibonacci retracements to the 19:00–23:45 ET bullish swing, the 0.382 level is at 0.01247, which held briefly but failed to sustain a pullback. The 0.618 level is at 0.01241, which coincided with a minor consolidation phase around 06:00–07:00 ET. On the larger daily swing, 0.618 aligns with 0.01218, which failed as support but may act as a trigger for a retest of 0.01237 in the coming 24 hours.

Backtest Hypothesis

A potential backtesting strategy involves identifying a bullish engulfing pattern on the 15-minute chart and entering a long position at the close of the confirming candle. A stop-loss could be placed below the low of the engulfing pattern, while a take-profit target may be aligned with the 0.618 Fibonacci level or the 50SMA on the 15-minute chart. This approach may capitalize on short-term momentum while managing risk through clear price and time-based triggers.