JASMY experiences strong downward pressure when hitting the critical resistance level of $0.019 with high liquidity and token distribution, although buying volume is trending upward.
Market volatility indicates weak optimism in the face of significant distribution signals and long-term liquidity being liquidated. The Fibonacci support around $0.01714 could be the starting point for a recovery if buying pressure emerges.
MAIN CONTENT
JASMY encounters strong resistance at $0.019, creating significant downward pressure.
The futures buy/sell ratio and long liquidation reflect the dominating trend of the sellers.
Although the distribution index remains high, a slight increase in buying volume raises hopes for a short-term recovery.
What significant price barriers does JASMY face?
JASMY has endured a downturn after approaching the resistance zone at $0.019, where it has previously rejected prices multiple times.
This resistance has witnessed a short-term recovery through higher candles but has failed to break out continuously. The Fibonacci support level around $0.01714 serves as a potential point for a bullish reversal, according to technical analysis on TradingView.
JASMY is in a critical testing phase; if the support at $0.01714 does not hold, the risk of a deeper decline is substantial.
TinTucBitcoin Analysis, 07/21/2025
A positive scenario will occur if buying pressure appears at the support zone, helping to trigger a recovery wave for JASMY. Conversely, weak demand will turn buyers into trapped investors (bag holders), increasing market risks.
What risks and trends are present in the current market?
Data from CoinGlass shows a low Taker Buy/Sell Ratio at 0.88, indicating that selling pressure still dominates the JASMY derivatives market.
Long positions were liquidated strongly with a total value of $224,240 in the past 24 hours, compared to only $8,310 in short position liquidations. This demonstrates the prevailing bearish trend in both the spot and derivatives markets.
The JASMY market has reached a spike in long liquidation, warning of significant risks for investors holding long positions.
CoinGlass, 07/21/2025
These metrics reinforce the view that sellers are in control, weakening investor sentiment and the potential for price increases of the token.
At what level is the distribution of JASMY tokens and what are the signs of recovery?
The Accumulation/Distribution (A/D) index remains deep in the negative region, with a value of negative 43.86 billion JASMY tokens indicating that distribution is still dominating over accumulation.
However, this indicator records slight upward movements, along with the recovery of the Chaikin Money Flow (CMF) indicating that cash flow is starting to return. Continuous positive CMF shows an increase in buying pressure in the short term.
This is the basis for expecting a price reaction if buying pressure remains around the Fibonacci support.
Frequently Asked Questions
What is the most critical price challenge JASMY is facing?
The resistance level at $0.019 is the biggest weak point and often drives the price down due to increased selling pressure in this area.
What does long liquidation indicate about the JASMY market?
The long liquidation is many times higher than the short, reflecting the prevailing downtrend in this cryptocurrency market.
How does the Taker Buy/Sell ratio affect trend assessment?
A ratio below 1, like the current one, indicates stronger selling pressure, helping investors identify the declining outlook for the token.
What do the A/D and CMF indicators signify in JASMY trend analysis?
A/D measures the balance of distribution and accumulation, while CMF reflects the actual cash flow into or out of the token, helping to determine buying and selling pressure.
Can the Fibonacci support at $0.01714 help JASMY recover?
If buying pressure maintains at this level, this could be a potential short-term price bounce point; otherwise, the market will face deeper downward pressure.
Source: https://tintucbitcoin.com/jasmy-giam-14-ban-thao-dang-cao/
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