Market Overview for JasmyCoin/Tether USDt

• Price opened at $0.01401, reached $0.01413, and closed at $0.01404 with a bearish reversal trend in final hours.
• Momentum diverged mid-day with overbought RSI, while volume surged 55% in the 19:00–21:00 ET window.
• Bollinger Bands show recent compression, signaling potential breakout; price now consolidates near the 20-period MA.
• Turnover spiked during bullish thrusts but failed to confirm higher highs, suggesting bearish exhaustion.

JasmyCoin/Tether USDt (JASMYUSDT) opened at $0.01401 on September 5, 2025, reached a high of $0.01413, and closed at $0.01404 by 12:00 ET on September 6. The pair traded within a $0.01394–$0.01413 range over the 24-hour window, with total volume of 33,410,196.9 JASMY and $471,542 in notional turnover.

Structure & Formations

The candlestick pattern reveals a bearish reversal in the final hours, with a long lower wick at 05:45–06:00 ET and a bearish engulfing pattern confirming downward momentum. A key support level appears near $0.01398, as the price found consolidation after breaking the 20-period MA. Resistance at $0.01408–$0.01413 held in mid-day but failed during a volume-driven bearish breakdown later in the session.

Moving Averages

On the 15-minute chart, the 20-period MA (0.01401) crossed below the 50-period MA (0.01404), indicating bearish momentum. On the daily chart, the 50-period MA (0.01408) continues to act as resistance, while the 200-period MA (0.01400) appears to be a potential floor. The 100-period MA (0.01403) is slightly bearish, suggesting a possible continuation of the current trend.

MACD & RSI

The MACD line turned negative by 19:30 ET, confirming the bearish shift, while the signal line remained below zero, reinforcing the downtrend. RSI hit overbought territory above 61.8 at 19:30 ET but failed to confirm higher highs, hinting at potential exhaustion. The RSI has since retracted to neutral ground, indicating a possible pause or consolidation phase ahead.

Bollinger Bands

Volatility narrowed significantly between 22:00–01:00 ET, with the price hovering close to the middle band, suggesting a potential breakout phase. The recent expansion of the bands post 02:00 ET indicates renewed directional movement. The price now trades near the lower band, suggesting a test of the 0.01398 level may occur if the trend continues.

Volume & Turnover

Volume surged by 55% during the 19:00–21:00 ET session, coinciding with a significant bearish move from $0.01409 to $0.01402. This indicates strong conviction in the downward move. Notional turnover also spiked during this period, confirming the strength of the bearish bias. However, volume has since tapered off, suggesting potential exhaustion or consolidation ahead.

Fibonacci Retracements

On the 15-minute chart, the recent swing high of $0.01413 and low of $0.01394 align with key Fibonacci levels. The 38.2% ($0.01404) and 61.8% ($0.01397) retracements have been tested during the session, with the price currently near the 38.2% level. A break below $0.01397 could trigger a retest of the 0.01394 level. On the daily chart, the 61.8% retracement from a larger bullish wave sits near $0.01400, which may now act as a key support.

Backtest Hypothesis

Applying a backtesting strategy based on the convergence of key technical indicators—20/50-period MA crossover, RSI overbought divergence, and Bollinger Band contraction—suggests a possible short entry near the 38.2% Fibonacci level with a target at 61.8%. If the price breaks below $0.01397 with strong volume, a further test of the $0.01394 level is likely. A stop-loss could be placed just above $0.01406 to manage risk.

The next 24 hours may see JASMYUSDT testing key support levels with a potential bearish continuation, though consolidation around $0.01404 could also lead to a sideways pattern. Investors should remain cautious, as divergence between price and momentum indicators may signal a reversal, especially if volume does not confirm further downside.