JASMY -5524.74% in 1 Year Due to Sustained Market Decline

On SEP 3 2025, JASMY dropped by 213.65% within 24 hours to reach $0.01451. Over the past seven days, the token fell by 145.73%, while over the last 30 days, the decline reached 90.72%. The most significant drop occurred over the past year, with JASMY shedding 5524.74% of its value.

The recent sharp decline in JASMY has sparked renewed scrutiny from the market. Analysts have noted that the token has been under persistent downward pressure, with no clear catalysts signaling a reversal. The extended period of weak performance has led to a reassessment of its role within the broader cryptocurrency landscape, particularly as it pertains to its use cases and underlying fundamentals.

Technical indicators suggest a bearish continuation pattern. The Relative Strength Index (RSI) has remained in oversold territory for several weeks, indicating prolonged weakness. The Moving Average Convergence Divergence (MACD) shows a consistent bearish crossover, reinforcing the likelihood of further price compression. These metrics, while typically used to identify potential buying opportunities, in JASMY’s case, have failed to trigger meaningful rebounds.

Backtest Hypothesis

To evaluate the effectiveness of potential trading strategies amid JASMY’s extended bearish trend, a backtesting hypothesis was proposed. The strategy is based on the assumption that a short-selling approach, triggered by a bearish crossover in the MACD and confirmed by a sustained RSI reading below 30, could capture the downward momentum. The plan involves entering a short position upon confirmation and exiting when the RSI crosses back above 30 or when a bullish MACD crossover is observed. This approach aims to quantify the viability of systematically capturing the ongoing bearish trajectory, while also identifying possible risk thresholds and profit targets.