Market Overview for JasmyCoin/Tether (JASMYUSDT) on 2025-12-31

Summary
• Price declined from 0.00589 to 0.00577 amid high volume and bearish momentum.
• Key support at 0.00575–0.00577 tested; RSI near oversold territory.
• Volatility surged in late ET hours, with 5-min Bollinger Bands expanding.
• Volume spiked over 13M at 16:45 ET, but failed to push price higher.
• Fibonacci retracement suggests potential bounce at 0.00581–0.00583.

JasmyCoin/Tether (JASMYUSDT) opened at 0.00588, hit a high of 0.00589, fell to a low of 0.00563, and closed at 0.00577 by 12:00 ET. Total volume was 66,284,578.89999999, with turnover of approximately $38,137.15.

Structure & Formations

Price action shows a bearish breakdown from 0.00584–0.00589 resistance, with support forming at 0.00575–0.00577. A long lower shadow at 16:45 ET suggests rejection at lower levels, but the formation remains bearish. A possible bullish engulfing pattern may appear near 0.00575 if buyers test the zone.

Moving Averages

On the 5-min chart, the 20- and 50-period SMAs crossed bearishly during the decline, confirming the downward shift. Daily 50- and 200-period SMAs show JASMYUSDT is below both, indicating a longer-term bearish bias.

Momentum Indicators

The 12/26 MACD crossed into negative territory after 19:00 ET, with a bearish histogram. RSI approached oversold at 25, signaling possible near-term reversal. However, without confirmation above 0.00581, momentum remains bearish.

Bollinger Bands

Volatility expanded sharply after 16:00 ET, with price breaking below the lower band at 0.00563. The widening bands suggest increasing uncertainty and potential for a rebound or further test of support.

Volume & Turnover

Volumes spiked to over 13 million at 16:45 ET, but price fell to its lowest point, indicating bearish conviction. Turnover was highest in the final 2 hours, suggesting increased distribution or panic selling.

Fibonacci Retracements

A 61.8% retracement of the 0.00563–0.00589 move sits at 0.00575–0.00577, where price found a floor. A rebound to 0.00581–0.00583 (38.2% retracement) is likely, but a break below 0.00563 could extend the decline.

Price may test 0.00575–0.00577 support in the next 24 hours, with a potential bounce to 0.00581. However, traders should remain cautious of further downside if volume and momentum fail to reverse.