Market Overview for JASMYUSDT on 2025-10-29

• JASMYUSDT traded in a 24-hour range of $0.01016–$0.01056, with a closing bias toward upper bounds.
• Momentum shifted upward in afternoon hours, confirmed by RSI and MACD divergence.
• Volatility spiked in late ET hours, with Bollinger Band expansion indicating growing uncertainty.
• Volume surged during the critical 10:00–14:00 ET window, with price-volume alignment.
• Key resistance now at $0.01044 and support at $0.01030 following recent consolidation.

JasmyCoin/Tether (JASMYUSDT) opened at $0.01031 on 2025-10-28 at 12:00 ET and closed at $0.01031 on 2025-10-29 at 12:00 ET, with a high of $0.01056 and a low of $0.01016 over the 24-hour period. Total volume traded was 159,436,892, and notional turnover amounted to approximately $1,644,550 (volume × average price).

The price action displayed a broad consolidation pattern, with a breakout attempt forming in the late afternoon and evening hours. Key resistance levels emerged at $0.01044 and $0.01038, while strong support was observed at $0.01030 and $0.01024. Notable candlestick formations included a bullish engulfing pattern around 13:00–14:00 ET and a bearish spinning top at 17:45 ET, signaling potential trend fatigue.

MACD crossed into positive territory in the late morning, confirming a bullish shift, while the RSI reached overbought conditions by 14:45 ET before retracting. This suggests potential for a pullback or consolidation in the near term. Bollinger Bands expanded significantly from 13:00–15:00 ET, indicating increased volatility and higher uncertainty in positioning.

Volume was highest during the 13:00–16:00 ET window, aligning with price gains and suggesting buying interest was concentrated during this period. However, turnover declined slightly in the evening, indicating possible profit-taking. Fibonacci retracement levels at 38.2% and 61.8% (based on the 0.01016–0.01056 swing) currently sit at $0.01035 and $0.01030, with price hovering near the key 61.8% level. This could act as a dynamic support/resistance in the next 24–48 hours.

JASMYUSDT may continue to trade within a $0.01024–$0.01045 range in the short term, with upward momentum potentially resuming if the $0.01044 resistance is decisively breached. Conversely, a breakdown below $0.01024 could trigger a deeper pullback. Investors should monitor volume and RSI for confirmation of a trend continuation or reversal.

Backtest Hypothesis

The described backtesting strategy focuses on breakout trading within a defined range, using 15-minute candles to identify key levels and trend fatigue. A hypothetical long entry could have been placed near $0.01026 with a stop just below the 20-period low of the day, and a take-profit near the 61.8% Fibonacci level at $0.01030 or above. A short entry could have been triggered near $0.01044 with a stop above the 20-period high. Given the volatility observed during the 13:00–16:00 ET window and the MACD/RSI confirmation, the strategy appears to have reasonable odds of success if executed with proper risk management.