JasmyCoin is making a strong rebound! Whales are crazily accumulating, JASMY is aiming for 0.028 USD

JasmyCoin (JASMY) returned to a bullish trend on Tuesday after a brief pullback, with the price breaking through 0.016 USD. On-chain and derivation market data indicate that whales are actively accumulating, with exchange outflows skyrocketing, and the Long-Short Ratio reaching a one-month high, leading to a comprehensive shift in market sentiment towards bullish. Technical analysis suggests that JASMY may be brewing a new round of pump.

Whale accumulation and exchange outflow surge

(Source: Santiment)

According to Santiment data, whale wallets holding 1 million to 10 million JASMY have increased their holdings by 40 million tokens in just three days, indicating that funds are accelerating into the market.

(Source: CryptoQuant)

At the same time, CryptoQuant data shows that 54.49 million JASMY were transferred out of the exchange on Monday, which usually indicates a weakening of selling pressure and that investors are more inclined to hold long-term.

Derivation market sentiment is fully bullish

(Source: Coinglass)

CoinGlass data shows that the Long-Short Ratio of JASMY has risen to 1.07, reaching a new high in nearly a month, indicating a significant increase in the number of traders betting on bullish positions in the market. This corresponds with the trend of on-chain capital inflows, providing additional support for price increases.

Technical Analysis: Breaking Key Resistance Could Ignite a Pump

(Source: Trading View)

The daily chart shows that JASMY rebounded after touching the ascending trend line support at the beginning of August, with a gain of 10.29% last week.

Resistance Level Observation: If the price breaks through and closes above 0.0175 USD, it will open up upward space, with the target possibly aiming directly at 0.028 USD (the high on July 21).

Technical Indicators: RSI rose to 55, above the neutral value of 50, indicating strengthened buying momentum; MACD showed a bullish crossover on Sunday, releasing a buy signal.

Downside Risks and Support Levels

If a pullback occurs in the short term, JASMY may seek support near $0.015. This price level is also close to the ascending trend line, and if it is lost, it may trigger a deeper pullback.

Conclusion

On-chain whales are increasing their holdings, the outflow from exchanges has surged, and the bullish sentiment in the derivatives market has provided a solid foundation for JasmyCoin's upward movement. If it can break through the key resistance at $0.0175, JASMY is expected to continue its rally and challenge the $0.028 high. In the short term, investors should pay attention to the resistance level breakout and the defense situation at the $0.015 support.