JasmyCoin (JASMY) price prediction: key resistance $0.019 suppresses Rebound, $0.01714 is the lifeline for bulls and bears.

In the past 24 hours, JasmyCoin (JASMY) has become one of the worst-performing tokens in the crypto market, experiencing a big dump of 14%, nearly erasing a 22% rise over the past month. Market indicators show that bearish sentiment continues to build, with long positions suffering heavy losses and token distribution remaining high. Although there are initial signs of a rebound in spot buying volume, derivatives data (Taker buy-sell ratio 0.88, long positions Get Liquidated $224,000) clearly indicates a short positions dominance. Technically, JASMY has faced strong resistance at the key resistance level of $0.01900 and has currently dropped to the Fibonacci support level around $0.01714. If this level is breached, it could trigger a deeper pullback, while the subtle changes in the accumulation/distribution (A/D) indicator and Cai Jin capital flow (CMF) bring a glimmer of hope for a rebound.

JASMY encounters key resistance, big dump of 14% wipes out monthly gains JasmyCoin (JASMY) recorded one of the steepest market declines in the past 24 hours, plummeting 14%. This big dump almost completely offsets the 22% rise it accumulated over the past month. Market indicators consistently show that the bearish sentiment surrounding JASMY is continuing to strengthen. Long position traders are suffering heavy losses, with on-chain data indicating that the Distribution of the Token remains significant. Although Spot buying volume has begun to recover slightly, the core issue is: can this new surge of buying prevent the price from falling further?

Technical Analysis: $0.019 resistance is a roadblock, Fibonacci support $0.01714 determines life and death The direct trigger for this round of big dump is that the price of JASMY has entered the critical $0.01900 resistance zone. This area has historically been a strong selling pressure zone, causing price pullbacks multiple times. Although JASMY has recently shown signs of recovery through higher high candle patterns, this resistance remains solid and successfully suppresses the rebound momentum.

It is worth noting that the Fibonacci retracement tool shows that the current JASMY price has entered a potential support area, located around $0.01714. If substantial buying demand can be attracted here, it could become a catalyst for a rebound in price. Conversely, if buyers cannot be attracted at this support level, it may trigger a deeper fall, causing buyers attempting to catch the bottom to become "stuck positions". AMBCrypto analysis indicates that derivative traders are generally betting on further downside, which places spot buyers in a high-risk situation.

Derivation Market: Short Positions Absolutely Dominate, Risks are High CoinGlass data shows that the Taker Buy/Sell Ratio and Get Liquidated statistics both point to a continued bearish momentum.

• Taker buy-sell ratio as low as 0.88: At the time of writing, this ratio is only 0.88 (well below the neutral value of 1), indicating that most derivation trading volume is driven by sellers. This confirms the dominance of bearish sentiment, with even the Funding Rate leaning towards short positions.

  

• Get Liquidated Data Discrepancy: In the past 24 hours, the total amount of long positions Get Liquidated across major exchanges reached $224,240, while short positions Get Liquidated amounted to only $8,310. This significant disparity highlights the market's strong bearish stance and reinforces the likelihood of further price decline.

On-chain signals: Heavy selling pressure but subtle glimmer of hope Accumulation/Distribution Indicator (A/D) is currently still deep in the negative value zone (as of the deadline it is -43.86 billion JASMY), and the trading volume data indicates that sell pressure (Distribution) overwhelmingly exceeds buying pressure (Accumulation), which supports a bearish outlook.

However, there are signs of a potential shift:

1. The A/D line has shown a slight rebound.
2. At the same time, Chaikin Money Flow (CMF) also showed a slight rise. When the CMF trend is upward and maintains in the positive area, it usually indicates a return of buying pressure. This suggests that while JASMY is trading near the $0.01714 support level, there has already been some accumulation activity quietly taking place. If this trend continues, it may trigger a short-term positive price reaction.

Conclusion: The game of life and death, where risks and opportunities coexist JASMY is currently at a critical game point between technical aspects and market sentiment:

1. Key Support: $0.01714 Fibonacci support level is the last line of defense against a deep pullback; if it fails, we look at lower points.
2. Short Positions Pressure: The derivation market (Taker buy/sell ratio of 0.88, massive long positions get liquidated) shows strong short positions strength, and the risk of bottom fishing in the spot market is extremely high.
3. Subtle Hope: The initial signs of improvement in the A/D line and CMF suggest potential buying interest, and if it continues to strengthen, it may lead to a technical rebound.
4. Core resistance: Any effective rebound still needs to overcome the stubborn $0.01900 resistance zone.

Investors need to closely monitor the defense strength of the $0.01714 support level, changes in the sentiment of the derivation market (especially the Taker buy-sell ratio and funding rates), as well as the further evolution of on-chain accumulation/distribution indicators. In a bearish-dominated pattern, Spot traders should remain highly cautious and wait for clearer technical reversal signals to emerge.