Market Overview for JasmyCoin/Tether (JASMYUSDT)

Summary
• Price rallied from $0.00584 to $0.00616 with key resistance at $0.00593 and $0.00605.
• Momentum suggests a bullish bias, with RSI above 50 and MACD positive.
• Volume surged during the afternoon, confirming strength in the move above $0.006.
• A bullish engulfing pattern formed at $0.0059–$0.00606 around 13:45 ET.
• Volatility expanded through Bollinger Bands, indicating increased participation.

JasmyCoin/Tether (JASMYUSDT) opened at $0.00587 on 2025-12-17 12:00 ET and closed at $0.00610 by 12:00 ET on 2025-12-18. The 24-hour high reached $0.00616, and the low was $0.00584. Total volume traded was approximately 213.6 million JASMY, with $1.3 million notional turnover.

Structure & Key Levels

Price action exhibited a strong bullish bias over the 24-hour period, with a clear break and close above the $0.00593 resistance level. A notable bullish engulfing pattern formed during the 13:45–14:00 ET window, which coincided with a key break above the 20-period 5-minute moving average. Key support levels appear to reside at $0.00584 and $0.00591, while resistance is currently forming at $0.00605 and $0.00612. Fibonacci retracement levels for the $0.00584–$0.00616 swing show 61.8% at $0.00605, which was tested and held.

Momentum & Volatility

MACD remained positive for much of the day, indicating ongoing bullish momentum. RSI moved above 50 and hovered in the 55–65 range, suggesting a continuation of the uptrend but not yet overbought. Volatility expanded as price moved through the upper Bollinger Band during the afternoon, with the most significant widening occurring between 13:45 ET and 16:00 ET, indicating increased trader participation and conviction.

Volume & Turnover Confirmation

Volume and turnover both surged in the late afternoon and early evening, especially between 13:45 ET and 15:45 ET, confirming the bullish breakout above $0.006. The volume spike at $0.00605–$0.00612 aligns with a strong price consolidation phase, reinforcing the validity of the move. No significant divergence between volume and price action was observed during the 24-hour window, supporting the idea of a sustainable rally.

Forward-Looking Bias & Risk

With strong volume and momentum above key resistance, JASMYUSDT may continue testing $0.00616 and potentially break into a new 24-hour high. However, a pullback to test $0.00605–$0.00606 could occur, particularly if the RSI begins to show signs of overbought divergence. Investors should monitor volume during such a consolidation period, as a sustained decline may indicate waning bullish momentum.