JASMY -170.09% in 7 Days Amid Sharp Price Correction

On SEP 6 2025, JASMY dropped by 64.47% within 24 hours to reach $0.01398, JASMY dropped by 170.09% within 7 days, dropped by 321% within 1 month, and dropped by 5628.74% within 1 year.

JASMY’s sharp price decline has triggered a wave of scrutiny from traders and investors assessing the underlying technical and fundamental drivers of the movement. The sudden drop of 170.09% within a week highlights the cryptocurrency’s heightened volatility and exposure to shifting market sentiment. While JASMY has historically been associated with long-term blockchain infrastructure goals, the recent correction has raised questions about its ability to maintain value in the face of broader market uncertainty.

The price action over the past month, with a cumulative decline of 321%, suggests that bearish momentum has persisted for several weeks. This has led many to reevaluate risk exposure and reposition strategies in light of the deteriorating technical outlook. Analysts project that JASMY may remain range-bound in the near term, with critical support and resistance levels likely to influence its next directional move.

From a technical analysis perspective, key indicators such as RSI, MACD, and moving averages all show bearish signals. The 20-day moving average has crossed below the 50-day line, signaling a potential shift in trend. The RSI reading has fallen into oversold territory, indicating that the asset may be overcorrecting or facing a temporary bottoming process. Traders have been closely monitoring price behavior near critical levels to gauge potential for a reversal or continuation of the downtrend.

The recent weekly decline of 170.09% has also prompted a reassessment of risk-reward ratios for long positions. With the one-year total decline reaching 5628.74%, the long-term outlook for JASMY appears highly bearish, with many investors exiting positions or hedging against further downside.