Market Overview for JasmyCoin/Tether (JASMYUSDT)

Summary
• Price tested key resistance near $0.00685, then consolidated below with bearish divergence in momentum.
• Volatility expanded in late-night trading, but volume failed to confirm a breakout.
• RSI signaled overbought levels twice, failing to push higher on increasing volume.
• Bollinger Bands showed contraction before the late push, suggesting potential for a follow-through move.

JasmyCoin/Tether (JASMYUSDT) opened at $0.00672 on 2025-12-07 at 12:00 ET, reached a high of $0.00689, a low of $0.00661, and closed at $0.00685 as of 2025-12-08 at 12:00 ET. Total 24-hour volume was approximately 54,110,421 JASMY, and notional turnover was $366,280.

Structure & Formations

Price formed a bearish engulfing pattern around $0.00684 after reaching a short-term peak, suggesting sellers stepped in. A key support zone developed between $0.00661 and $0.00663, where the price found a floor late in the session.

Moving Averages

On the 5-minute chart, the 20-period moving average moved above the 50-period line mid-session, offering a potential buy signal. However, price failed to hold above this level after a failed breakout attempt. Daily MA structure remains neutral, with no clear trend.

MACD & RSI

The RSI reached overbought territory on two separate occasions near $0.00685–$0.00686 but failed to sustain the level, indicating weakening momentum. MACD showed a bullish divergence in the early morning but then turned bearish, hinting at a possible reversal.

Bollinger Bands

Volatility showed signs of contraction just before a late-session push, followed by an expansion that confirmed price movement. Price closed near the upper band on the 5-minute chart, suggesting a temporary pause in the upward move.

Volume & Turnover

Volume spiked sharply as price moved from $0.00661 to $0.00689, confirming the upward thrust, but declined as resistance was tested, hinting at exhaustion. Turnover increased during the late-night rally but failed to sustain the higher level into the next morning.

Fibonacci Retracements

A recent 5-minute swing from $0.00661 to $0.00689 saw price retrace to the 61.8% level at $0.00683, where it consolidated. The daily chart shows similar behavior, with price hovering near the 50% Fib level from a larger swing.

Looking ahead, JASMYUSDT may test the $0.00685–$0.00687 range again to confirm a breakout, but without significant volume support, a pullback into the $0.00675–$0.00683 range seems likely. Traders should monitor for a break below $0.00662 as a bearish signal.