Market Overview for JasmyCoin/Tether USDt (JASMYUSDT)

• JASMYUSDT traded in a tight range amid declining momentum, closing near the session low.
• A bearish divergence emerged between price and RSI, suggesting potential short-term exhaustion.
• Volatility expanded in late-night hours, with a key 0.01400 level tested multiple times as resistance.
• Volume dipped after the initial breakout attempt, signaling weak follow-through buying pressure.
• Bollinger Bands widened after midday, hinting at a period of consolidation before a potential directional move.

JasmyCoin/Tether USDt (JASMYUSDT) opened at 0.01401 on 2025-09-05 at 12:00 ET, reached a high of 0.01413, touched a low of 0.01377, and closed at 0.01378 by 12:00 ET on 2025-09-06. Total 24-hour volume amounted to 73,567,991.09 units, while notional turnover stood at $1,055,238.96.

Structure & Formations

Price action revealed a bearish bias throughout the day, with several failed attempts to reclaim the key 0.01400 resistance level. A doji formed around 0.01406 in the early evening, suggesting indecision, followed by a bearish engulfing pattern as price broke below 0.01400 into a larger distribution phase. The 0.01398–0.01400 range acted as a pivot, with the 0.01395 level emerging as immediate support in the final hours.

Moving Averages and MACD

The 20-period and 50-period moving averages on the 15-minute chart both crossed below the price, confirming a bearish shift in short-term sentiment. The 50-period MA on the daily chart is approaching the 61.8% Fibonacci retracement level of the recent upward swing, which could serve as a critical inflection point. MACD showed a bearish crossover in the late afternoon, with the histogram contracting as the downward move stalled.

RSI and Momentum

Relative Strength Index (RSI) entered the oversold territory below 30 in the final two hours of the session, raising the possibility of a near-term bounce. However, a bearish divergence was evident, as RSI made higher lows while price made lower lows, signaling continued bearish momentum.

Bollinger Bands and Volatility

Volatility expanded in the late-night hours, with Bollinger Bands widening significantly as price tested the lower band. The 0.01390 level acted as a temporary floor, with price rebounding off it but failing to regain the 0.01400 level. The contraction in the midday hours preceded the late breakout, indicating a period of consolidation before the bearish breakout.

Volume and Turnover

Volume surged during the late-night sell-off, with the largest candle (0.01399 to 0.01395) trading 2.98 million units. Notional turnover spiked at the same time, confirming the strength of the downward move. A clear divergence appeared in the early morning as volume dropped despite continued price weakness, suggesting fading bearish sentiment.

Fibonacci Retracements

Key Fibonacci levels on the 15-minute chart included 0.01402 (38.2%), 0.01398 (50%), and 0.01395 (61.8%). Price found support at the 50% level late in the session, which could serve as a potential entry for buyers. Daily Fibonacci levels suggest the 0.01380–0.01395 zone as a possible target for a short-term bounce.

Backtest Hypothesis

A potential short-term trading strategy could involve a breakout short setup at the 0.01400 resistance level with a stop just above the doji high at 0.01406. Given the bearish divergence in RSI and volume confirmation during the break, this level could offer a high-probability entry for a bearish bias. A trailing stop could be placed just below the 0.01398 level, with a target aligned with the 0.01384–0.01390 zone.