Market Overview for JasmyCoin/Tether (JASMYUSDT): Consolidation Below 0.0065 Amid Mixed Momentum

Summary
• JASMYUSDT tested key resistance near 0.00668 before retreating to consolidate below 0.0065.
• Volume surged during the 18:30–19:00 ET window, suggesting a period of heightened interest.
• A bearish divergence formed in RSI during the late hours, signaling potential momentum fatigue.
• Prices remained within a 0.0061–0.0066 range for most of the day, with volatility stabilizing.
• A bullish engulfing pattern emerged at 0.00612–0.00617, hinting at a possible short-term rebound.

JasmyCoin/Tether (JASMYUSDT) opened at 0.00637 on 2025-12-22 12:00 ET, reached a high of 0.00668, and closed at 0.00616 on 2025-12-23 12:00 ET. Total volume amounted to 637,687,561.29 with a notional turnover of $394,215. The pair appears to be in a period of consolidation, with mixed momentum signals.

Structure & Formations

A notable resistance cluster formed around 0.00668, where prices stalled before reversing lower. A bearish engulfing pattern appeared in the early morning hours, while a bullish engulfing pattern emerged during the 09:30–10:00 ET window at 0.00612–0.00617. These suggest a tug-of-war between buyers and sellers in a tight range.

Moving Averages and Bollinger Bands

The 20-period and 50-period moving averages on the 5-minute chart showed a bearish crossover during the peak of the 18:30 ET rally. Prices spent much of the day near the lower Bollinger Band, indicating a potential oversold condition. However, a recent contraction in the band width suggests lower volatility, and no clear breakout has occurred.

Momentum and Divergences

The RSI peaked at 64 before declining sharply through the session, forming a bearish divergence with prices. MACD remained flat in the zero line, suggesting a lack of directional momentum. The late-day bullish engulfing candle may hint at a short-term recovery attempt, though it remains unconfirmed.

Volume and Turnover Analysis

Volume spiked in the 18:30–19:00 ET hour, coinciding with a failed attempt to break above 0.0066. Notional turnover followed volume closely, indicating strong participation. However, volume diminished after 22:00 ET, with prices drifting lower.

Fibonacci Retracements

Recent swings from 0.00612 to 0.00668 saw the pair retest the 61.8% and 78.6% levels without strong conviction. A potential support pivot appears near 0.00613, where prices found a floor in the final hours.

JASMYUSDT may continue to consolidate in the coming 24 hours as buyers test key levels near 0.00613–0.00615 and sellers attempt to reassert control near 0.0065. Traders should monitor for a clear breakout or a breakdown below 0.00612, which could trigger increased volatility. Risk remains to the downside in the short term, with a cautious bias for further consolidation.