JasmyCoin Faces Pressure, but a Rebound May Be on the Horizon
The price of JasmyCoin (JASMY) has continued its downward trend this week, coinciding with the crypto fear and greed index dropping to 35, reflecting increased market uncertainty.
Currently, JasmyCoin is trading at $0.021, marking a 63% decline from its December high. This significant drop confirms that the asset is firmly in bear market territory, defined as a decline of 20% or more from a recent peak.
The ongoing sell-off in JasmyCoin aligns with the broader market downturn, as traders remain cautious and many choose to stay on the sidelines.
Bitcoin (BTC) has fallen from $109,200 to $96,000, further dampening market sentiment.
At the beginning of the year, the crypto fear and greed index was at 88 (extreme greed) but has now dropped sharply to 35. Historically, crypto prices tend to plummet when market sentiment shifts towards fear.
1. JasmyCoin Holders Are Staying Strong
Despite the price drop, there has not been a significant decrease in JasmyCoin holders.
According to CoinCarp, the number of JASMY holders increased from 85,300 a month ago to 88,600 on February 12.

This data suggests that many investors remain optimistic and are not panic-selling. Typically, when a crypto asset experiences a sharp decline, a large number of holders liquidate their positions. However, in Jasmy's case, the opposite trend is occurring—indicating long-term confidence in the token.
2. Exchange Supply Continues to Decline
Another bullish catalyst is the declining supply of JasmyCoin on exchanges.
The total supply of JASMY held on centralized exchanges (CEXs) has dropped from 11.67 billion in March 2023 to 8.49 billion today.

A lower exchange supply usually indicates that investors are not transferring their tokens to sell but are instead holding them in private wallets, expecting a price rebound.
3. Technical Analysis Signals a Potential Reversal

JasmyCoin is currently forming a falling wedge pattern, a bullish technical formation that often signals an impending price reversal.
This pattern is characterized by two converging downward trend lines, indicating that JasmyCoin is approaching a critical inflection point.
Additionally, the Relative Strength Index (RSI) has also formed a falling wedge, suggesting a potential shift towards bullish momentum. Another positive signal comes from the Price Oscillator, which has now dropped to its lowest level since August 2024.
During the last instance when JasmyCoin reached this level, it experienced a strong rebound, suggesting that a price surge of up to 165% could be on the horizon.
What’s Next for JasmyCoin?
Although JasmyCoin is currently in a bearish phase, multiple indicators suggest that a price recovery could be imminent. Key factors, including a stable number of holders, decreasing exchange supply, and bullish technical patterns, support the case for a potential breakout.
If market conditions stabilize and sentiment improves, JasmyCoin could see a significant recovery in the near future.

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$JASMY

Hey Binance Square fam! 👋 Let's dive into the world of JASMY, a fascinating Japanese blockchain project that's all about giving YOU control over your data! 🛡️ Plus, we'll check out its charts to see if a moon mission is on the horizon! 🚀
First Things First: Bitcoin's Vibe ☮️
Before we zoom into JASMY, let's quickly check Bitcoin's pulse. It's kind of chilling in a box right now, so we might want to be cautious with futures trading for a bit. 🤔 Bitcoin's dominance is also key – if it breaks above its current range, altcoins might take a dip 📉, but if it breaks below, we could see an altcoin party! 🎉
JASMY's Weekly Story: Stronger Than the Rest 💪
Now, let's talk about JASMY! On the weekly chart, it's looking pretty good, especially compared to other altcoins. It's trading at higher levels and hasn't even touched major support despite the recent market dip. Impressive! 😎
Remember those times we talked about "dormant money" and buying after momentum? Well, JASMY spent 500 days in a range, just like many other altcoins. BUT, it didn't fall back to the bottom after the last rejection! Instead, it made a higher low, which is a bullish sign! 🐂
After breaking out of that range, there was a 600% profit! And the best part? The trade is still open as long as it stays above 0.01672. Talk about gains! 🤑
For those looking to jump in, keep an eye on the 0.01672 support. A good bounce from there, or a breakout of 0.03878, could signal a strong uptrend. Patience is key! 🔑
Daily Insights: Above the Critical Line ⬆️
Looking at the daily chart, JASMY is holding above the crucial 0.01636 support. This level is super important – if it breaks, the mid-wave cycle could turn bearish. We don't want that! 🐻
Here's a fun fact: JASMY's market cap is actually higher now than its previous all-time high, even though the price is lower. Why? Inflation and token distribution mean more money is in the coin, but each token is worth less. Interesting, huh? 🧐
We also have a strong trendline on the daily chart. A breakout above 0.03979 could be a great entry point for spot buying. Keep your eyes peeled! 👀
Final Thoughts: Stay Calm and Trade On! 🧘‍♀️
JASMY is showing some promising signs, but remember, this is just our analysis, not financial advice. Always do your own research and trade responsibly. Let's discuss in the comments below! 👇 And don't forget to share this with your Binance Square buddies! ❤️
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