Market Overview for JasmyCoin/Tether (JASMYUSDT) as of 2025-11-05

Summary

• JASMY/USDT rallied from 0.00813 to 0.00897 with strong momentum in the last 24 hours.
• Volume surged to 29.5M at the 0.00907 high, confirming strength.
• RSI shows overbought conditions, while MACD remains bullish.
• Price consolidated near 0.0089–0.0090 resistance before pulling back.
• Key support at 0.00865–0.00875 may define near-term direction.

Market Overview for JasmyCoin/Tether (JASMYUSDT) as of 2025-11-05

JasmyCoin/Tether (JASMYUSDT) opened at 0.00813 on 2025-11-04 at 12:00 ET, reached a high of 0.00907, touched a low of 0.00779, and closed at 0.00901 as of 12:00 ET on 2025-11-05. The 24-hour volume was 75.2 million, with a total notional turnover of 675,000 USDT.

Over the past 24 hours, JASMYUSDT exhibited strong and sustained upward momentum, particularly between 14:45 and 15:00 ET, where it surged to a high of 0.00907 on massive volume. The price action suggests a potential breakout above the prior resistance cluster around 0.0087–0.0088. A strong bullish engulfing pattern formed during this rally, indicating a shift in sentiment to the upside.

Structure & Formations

The candlestick formations over the past 24 hours included a strong Bullish Engulfing pattern at the end of the session, confirming a potential reversal or continuation of the uptrend. Key support levels include 0.00865–0.00875, with resistance forming at 0.0089–0.0090. A bearish Doji formed near 0.00901, suggesting a potential pause in the momentum.

Moving Averages

On the 15-minute chart, the 20-period MA is rising above the 50-period MA, confirming a bullish crossover. On the daily chart, the 50-period MA is approaching the 100-period MA from below, suggesting a potential near-term trend reversal to the upside if the 50 MA crosses above.

MACD & RSI

The MACD line is above the signal line and rising, indicating strong bullish momentum. The RSI has moved into overbought territory (above 65), which may signal a short-term consolidation or pullback. However, as long as the price remains above key support levels, the bullish bias remains intact.

Bollinger Bands

The price has moved near the upper Bollinger Band multiple times, with a significant expansion in volatility around 14:45–15:00 ET. This expansion often precedes a strong move or consolidation. The current volatility is relatively high, suggesting the market is in a high-impact phase.

Volume & Turnover

Volume and notional turnover both spiked significantly at the 0.00907 high, confirming the strength of the move. There was no divergence between price and volume, which supports the bullish interpretation. The most intense volume occurred between 14:45 and 15:00 ET.

Fibonacci Retracements

Applying Fibonacci retracements to the 15-minute swing from 0.00779 to 0.00907, key levels include:- 38.2% at ~0.00848
- 61.8% at ~0.00882
These levels have served as temporary pivots, with the current price near the 61.8% level and potentially aiming for the 0.00907–0.00910 psychological ceiling.

Backtest Hypothesis

The strong Bullish Engulfing pattern observed during the 14:45–15:00 ET window could serve as a high-probability entry for a 24-hour holding strategy. While the pattern itself is not captured in the provided technical indicator dataset, its appearance aligns with a potential breakout continuation setup.

A backtest could be initiated manually by identifying past occurrences of this pattern since 2022-01-01. Alternatively, a supported indicator such as a Golden Cross (20/50 MA crossover) or RSI oversold entry (RSI <30) could be used to automate the process.