Summary
•
tested key resistance levels and formed a bullish breakout pattern after a consolidation phase.
• Momentum surged with RSI entering overbought territory and MACD showing positive divergence.
• Volatility expanded significantly, with price reaching and closing above upper Bollinger Bands.
• High-volume buying was observed near 0.0076–0.00782, with notional turnover spiking above 900k USDT.
• Fibonacci retracement levels at 0.0081 and 0.00831 appear to have been short-term psychological barriers.
Price and Volume Highlights
JasmyCoin/Tether (JASMYUSDT) opened at 0.00699 and closed at 0.00904 by 12:00 ET, surging to a 24-hour high of 0.00927 and a low of 0.00689. Total volume reached 132,288,963.8 USDT, with a notional turnover of ~975,606 USDT. The price action reflects strong accumulation and breakout momentum.
Structure and Key Levels
The 5-minute chart displayed a strong consolidation phase between 0.0069–0.0073, followed by a breakout above key resistance at 0.0076. A bullish engulfing pattern formed around 0.0076, confirming a shift in sentiment. Resistance now appears at 0.00927 and 0.00951, with 0.00904–0.00876 marking a potential support cluster.
Technical Indicators
MACD showed a strong positive divergence from 06:00–10:00 ET, with both the line and histogram trending upward. RSI crossed into overbought territory above 70, suggesting short-term momentum could face a pullback. Bollinger Bands expanded significantly, indicating rising volatility as price closed above the upper band.
Volume and Turnover
Volume spiked during the 08:15–10:00 ET window, coinciding with the key breakout. Notional turnover exceeded 500k USDT during the 09:30–10:00 ET session, suggesting strong institutional or large retail participation. Volume and price action aligned well, confirming the bullish momentum.
Fibonacci and Implications
Fibonacci retracements on the 0.00689–0.00762 swing showed 0.0081 as a 61.8% level, which briefly stalled the rally. The current price of 0.00904 aligns with the 161.8% extension of the 0.00762–0.00876 swing, indicating a potential short-term topping zone.
In the next 24 hours, JASMYUSDT may test 0.00927 as a key near-term ceiling, with the potential for consolidation or a pullback into support at 0.00876–0.00865. Traders should watch for volume confirmation at critical levels to assess the sustainability of the breakout.
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