Market Overview: JASMYUSDT on 2025-09-14

• JASMYUSDT declined 0.78% in 24 hours, closing below key support near $0.01517.
• Volatility expanded midday before narrowing overnight, signaling consolidation.
• RSI dipped into oversold territory, suggesting possible near-term bounce potential.
• Volume surged during the bearish breakout, confirming the move lower.
• Bollinger Bands showed a contraction, hinting at a potential reversal or continuation.

JasmyCoin/Tether (JASMYUSDT) opened at $0.01526 on 2025-09-13 at 16:00 ET, reached a high of $0.01547, and a low of $0.01496, closing at $0.01524 by 12:00 ET on 2025-09-14. Total volume was 91,765,479.0 JASMY, with a notional turnover of $1,421,352.3.

Structure & Formations

The price action shows a bearish continuation from midday, with key support levels forming at $0.01517 and $0.01509. A bearish engulfing pattern was observed around $0.01526, confirming the downward bias. A doji appeared near the 1-hour mark, suggesting indecision.

Moving Averages

On the 15-minute chart, the 20-period moving average crossed below the 50-period line in a death cross formation. This reinforces the bearish momentum. On the daily chart, the 50-period MA is above the 100 and 200-period lines, but the price remains below them, indicating a prolonged bearish trend.

MACD & RSI

The MACD line stayed below the signal line with negative momentum, confirming bearish pressure. RSI dipped below 30 by early morning, suggesting an oversold condition. However, without a clear reversal signal, a bounce may fail to hold above key resistance levels.

Bollinger Bands

Bollinger Bands showed a brief expansion during the midday drop but have since contracted, indicating a potential period of consolidation. Price currently sits near the lower band, which could act as a trigger for a rebound or a breakdown.

Volume & Turnover

Volume spiked during the bearish breakout midday, with a 20% increase in notional turnover compared to early morning. However, volume has since cooled, suggesting that momentum may be waning. Price and turnover remain aligned, reducing the risk of divergence.

Fibonacci Retracements

Applying Fibonacci retracement to the recent 15-minute swing, the 38.2% level sits at $0.01517 and the 61.8% level at $0.01524. On the daily chart, the 50% retracement level is near $0.01528—currently acting as a key psychological level.

Backtest Hypothesis

A potential backtest strategy could involve entering a short position when the 15-minute RSI dips below 30 and price closes below the 20-period MA, with a stop loss placed above the most recent bullish candle high. A target for the short could be the 61.8% Fibonacci level at $0.01524 or the 1:1 risk-reward on a break of $0.01517. This aligns with the bearish momentum observed in the MACD and MA indicators.