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Summary
• Price action shows consolidation around $0.00693 to $0.00703 with no clear breakout.
• Momentum suggests weakening bullish pressure with RSI hovering near neutral.
• Bollinger Bands narrow during overnight hours, signaling potential volatility expansion.
• Volume declines after 23:00 ET as price action flattens.
JasmyCoin/Tether (JASMYUSDT) opened at $0.00708 and closed at $0.00693 over the last 24 hours, with a high of $0.00709 and a low of $0.00681. Total traded volume was approximately 95.5 million JASMY, and estimated turnover stands at ~$667,400.
Structure and Candlestick Patterns
JASMYUSDT’s price structure remained within a tight $0.00681–$0.00709 range over the last 24 hours, with key support forming around $0.00686–$0.00690 and resistance at $0.00700–$0.00703. A doji-like pattern appeared around $0.00693, suggesting indecision, while a bearish engulfing pattern on the 5-minute chart at 23:30 ET hinted at a temporary shift in sentiment.
Technical Indicators
The 20-period and 50-period moving averages on the 5-minute chart remain within $0.00694–$0.00699, with no strong directional bias. MACD histogram flattened around the zero line, indicating neutral momentum. RSI oscillated between 45 and 55 for much of the session, staying in the middle range and showing no overbought or oversold signals. Bollinger Bands showed contraction during the overnight hours (EST) between 00:00 and 02:00, followed by a moderate expansion as the price drifted lower.
Volume and Turnover
Volume spiked early in the session (17:00–18:30 ET) as price moved from $0.00708 to $0.00691. A secondary spike occurred around 04:15–04:45 ET when price tested $0.00699 before retreating. Notional turnover mirrored volume, with divergence noted after 02:00 ET when price continued to fall but volume waned.
Fibonacci Retracements
On the 5-minute chart, the recent high of $0.00709 and low of $0.00686 defined a swing range where the price found support at the 38.2% retracement level (~$0.00694) and stalled at the 61.8% level (~$0.00697). The price has lingered near the 50% retracement (~$0.00696) for much of the day, indicating mixed buyer and seller interest.
Forward-Looking Perspective
JASMYUSDT may test key support at $0.00686 in the coming hours if the recent bearish momentum continues. However, a rebound toward the $0.00700–$0.00703 range remains possible with a shift in buying pressure. Investors should remain cautious of low volume conditions and potential for a false break or consolidation breakout.
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