JASMY is facing an important support threshold after a 7.1% price drop in the last 24 hours, indicating a potential bounce back or continued decline.
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JASMY has reached the important support zone at 0.0124 USD, determining the next trend of the coin.
Both the RSI and CMF technical indicators are signaling bearishness, warning of strong selling pressure.
The data from the spot and derivatives markets show signs of accumulation, which could help JASMY maintain its support level.
Is JASMY managing to hold the support zone after the recent sharp decline?
Analysts from TinTucBitcoin stated that JASMY's 7.1% drop in the past 24 hours is due to being rejected at the resistance zone of the downtrend channel. Currently, this coin is testing the important support zone at 0.0124 USD.
JASMY's touching this support zone could be the turning point to reverse the downtrend, or if it loses the support zone, the price will continue to drop further.
TinTucBitcoin, cryptocurrency market analysis, July 2025
If the support zone is breached, JASMY could drop 15% to 0.0120 USD or worse, 27% down to 0.00822 USD. This threshold will clearly determine the upcoming trend of the coin.
Which technical indicator warns of selling pressure on JASMY?
Indicators like RSI have dropped to 41.81, within the bearish zone (30-50), which is often associated with price declines. At the same time, the Chaikin Money Flow (CMF) indicator is negative at -0.06, indicating overwhelming selling pressure.
The combination of RSI and CMF is signaling strong selling pressure, which could cause JASMY's price to continue its downtrend in the upcoming sessions.
Source: TradingView
Will the buyers hold the support zone, or will JASMY continue to break lower?
Although technical signals are leaning bearish, the spot and derivatives market data show a positive sentiment. According to data from CoinGlass, in the past 24 hours, 235,000 USD worth of JASMY has been transferred from Exchange Wallet to Personal Wallet, indicating strong accumulation activity.
Source: CoinGlass
The derivatives market also shows a positive Funding Rate trend (0.0009%), reflecting overwhelming buying pressure against short positions. This is a sign of accumulation, helping maintain the current support level and potentially triggering a rapid price increase thereafter.
Source: CoinGlass
When the market sees strong accumulation of cash in both spot and derivatives, the likelihood of a reversal or stop-hunt (liquidation of short positions) increases.
Cryptocurrency market analyst, TinTucBitcoin, 2025
Conversely, if selling pressure continues to prevail, JASMY may drop even deeper with the stated targets.
Frequently asked questions about the current situation of JASMY
What price level is JASMY currently at and what does it mean? JASMY is trading around 0.0124 USD, an important support zone that determines the next trend (TinTucBitcoin, 2025). What do the RSI and CMF indicate about JASMY? RSI at 41.81 and CMF at -0.06 warn of significant selling pressure, which may cause further price drops. Why is the cash flow transfer from exchange wallets to personal wallets important? This is a sign of accumulation, indicating that investors tend to hold long-term, supporting price stability. How does the Funding Rate affect the JASMY derivatives market? A positive Funding Rate indicates overwhelming buying pressure, increasing the likelihood of price stability and a short-term bullish reversal. What factors should be monitored to predict JASMY's next trend? Pay attention to the support zone at 0.0124 USD, RSI and CMF signals, as well as cash flow in the spot and derivatives markets.
Source: https://tintucbitcoin.com/jasmy-giam-7-nha-dau-tu-lo-ngai/
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