Altcoins News
By Sakamoto Nashi
1 / 14
Technical Indicators Point to More Downside. Despite the possibility of a bullish reversal at support, technical indicators suggest that more…
2 / 14
On-Chain Data Suggests Accumulation Is Underway. Interestingly, despite these bearish indicators, there are signs that some investors are quietly…
3 / 14
What Happens Next? A Crucial Test for Bulls. In summary, JASMY sits at a make-or-break level. On one hand, technical indicators warn of more…
4 / 14
JasmyCoin (JASMY) saw a sharp 7% decline over the last 24 hours, drawing attention across the crypto market as it now hovers dangerously close to a key support level at $0.0124.
5 / 14
At press time, JASMY was trading within a descending price channel, with the most recent rejection from resistance pushing it lower toward the channel’s bottom. The $0.
6 / 14
However, if this support fails, the next downside targets become significantly more threatening. Based on chart patterns, a breach could push JASMY down to $0.
7 / 14
Despite the possibility of a bullish reversal at support, technical indicators suggest that more downside could be in store. The Relative Strength Index (RSI) fell to 41.
8 / 14
Adding to the concern is the Chaikin Money Flow (CMF) indicator, which tracks capital flow into and out of an asset based on trading volume. The CMF reading recently dropped to -0.
9 / 14
So while the price is testing a key support, the technical backdrop isn't yet supportive of a strong bounce.
10 / 14
This accumulation could be a bullish signal, especially if more investors start buying at these levels in anticipation of a rebound.
11 / 14
Further strengthening the bull case is the Open Interest Weighted Funding Rate, which recently turned positive at 0.0009%.
12 / 14
In summary, JASMY sits at a make-or-break level. On one hand, technical indicators warn of more losses ahead, as bearish momentum and declining volume persist.
13 / 14
If buyers are able to sustain momentum and defend the $0.0124 support, there’s a good chance the market could trap bearish traders in a short squeeze, setting the stage for a…
14 / 14
Bottom line: The next 48–72 hours are critical. Traders and investors should watch for price reaction around the current support.
The Currency Analytics
Want the full story?