Market Overview for JasmyCoin/Tether (JASMYUSDT)

Summary
• JASMYUSDT traded in a descending trend, breaking below key support at 0.00911.
• Strong bearish momentum confirmed by RSI and MACD divergence.
• Volatility spiked after 17:00 ET, with a large-volume bullish reversal candle at 17:45 ET.
• Bollinger Bands showed a wide expansion after a contraction, indicating heightened uncertainty.
• Volume increased by 315% in the final 2 hours, signaling a potential short-covering or accumulation phase.

Market Overview

JasmyCoin/Tether (JASMYUSDT) opened at 0.00911 on 2026-01-08 at 12:00 ET, hit a high of 0.0103, a low of 0.00893, and closed at 0.00907 at 12:00 ET on 2026-01-09. Total volume was $2,196,177,405 and turnover reached $11,130,896.

Structure & Formations

Price broke a key 0.00911 support level on a bearish close below it. A bearish engulfing pattern formed at 19:45 ET, signaling further weakness. A large bullish reversal candle formed at 17:45 ET, hinting at a potential short-covering or accumulation phase.

Moving Averages

The 5-minute 20/50 EMA pair showed a bearish crossover early in the session. By the 17:45 ET candle, price tested the 50 EMA, suggesting a temporary bounce. Daily MAs (50/100/200) indicate a strong bearish bias.

MACD & RSI

MACD crossed below the zero line at 18:00 ET with bearish divergence. RSI dropped into oversold territory at 0.00913 by the final hour, indicating potential for a short-term rebound.

Bollinger Bands

A contraction in Bollinger Bands occurred between 18:00 and 19:00 ET, followed by a sharp expansion. Price remained near the lower band for most of the session, reinforcing bearish sentiment.

Volume & Turnover

Volume surged by 315% in the final 2 hours, with a peak at 17:45 ET (144.65M volume). Notional turnover increased in line with volume, showing aligned price and volume action.

Fibonacci Retracements

Key Fibonacci levels (0.00933 and 0.0096) provided resistance during the day. A 61.8% retracement from the 17:45 ET swing at 0.00992 was tested and failed, reinforcing bearish sentiment.

The market appears poised for a potential bounce from the 0.0091 level, but a retest of 0.0093 could determine near-term direction. Investors should watch for signs of accumulation or rejection at key Fibonacci levels. As always, volatility remains elevated, and a sudden reversal cannot be ruled out.