Market Overview for JasmyCoin/Tether (JASMYUSDT) on 2025-12-21

Sunday, Dec 21, 2025 7:53 pm ET1min read
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- JASMYUSDT fell 5.5% to 0.00598 in 24 hours amid a 0.00003 Bollinger Band contraction and bearish engulfing pattern.

- RSI (14) hit oversold levels below 28, while 58M JASMY volume surged during a failed 09:00-10:45 ET rebound attempt.

- Key support clusters at 0.00600-0.00595 face testing, with Fibonacci levels (38.2% at 0.00600) suggesting potential bounce points.

- MACD bearish crossover and indecisive doji at 0.00603 highlight mixed momentum, raising risks of a deeper 0.00585 test.

Summary
• Price action shows a sharp 5.5% decline from 0.00617 to 0.00598 over 24 hours.
• Volatility spiked overnight with a 3.8% pullback into 0.00606–0.00608 support.
• RSI (14) entered oversold territory below 28, signaling possible short-term bounce.
• Volume surged to 58M JASMY during the 09:00–10:45 ET rebound attempt.
• Bollinger Bands contracted into a 0.00003 range pre-liquidation, followed by a breakout.

JasmyCoin/Tether (JASMYUSDT) opened at 0.00617 at 12:00 ET–1 and closed at 0.00598 at 12:00 ET, with a high of 0.00618 and low of 0.00585. Total 24-hour volume reached 58.2 million JASMY, while turnover hit approximately $31.6 million.

Structure & Formations


Price action from 13:15 to 13:30 ET revealed a large bearish engulfing pattern at 0.00601–0.00593, confirming a shift in sentiment. A doji formed at 0.00603–0.00602 (11:45–12:00 ET), indicating indecision.
Key support levels appear to be forming at 0.00600–0.00602 and 0.00593–0.00595, with 0.00585–0.00590 as deeper-term support.

Moving Averages and Momentum


On the 5-minute chart, the 20- and 50-period SMAs intersected during the 09:00–10:15 ET rebound, forming a potential short-term bullish crossover that failed to hold. The MACD line crossed below the signal line at 13:30 ET, reinforcing bearish momentum. RSI (14) dipped into oversold territory below 28 during the final 3 hours, hinting at a possible bounce.

Volatility and Bollinger Bands


Volatility spiked overnight, with a 0.00003 range in Bollinger Bands from 0.00603 to 0.00606 between 03:30 and 04:30 ET, followed by a sharp breakout to the downside. Price remained near the lower band for most of the day, suggesting continued bearish pressure.

Volume and Turnover


Volume surged to 58 million JASMY between 09:00 and 10:45 ET, coinciding with a failed rebound. Turnover exceeded $1.6 million during this period. Price and volume action showed some divergence, with volume declining during further price declines in the final 4 hours.

Fibonacci Retracements


Fibonacci levels applied to the 0.00617–0.00585 swing highlight potential bounce levels at 38.2% (0.00600) and 61.8% (0.00593). A break below 0.00585 could extend the correction toward 0.00575–0.00578.

The market appears to be testing a key support cluster around 0.00600–0.00595 over the next 24 hours. A failure to hold this range could trigger a deeper test of 0.00585. Investors should monitor for any volume confirmation during consolidation or a potential short-covering rally. Risk remains on the downside amid mixed technical signals.