JasmyCoin (JASMY) Price Action and Support Level Test: A Technical and On-Chain Analysis

JasmyCoin (JASMY) has recently drawn significant attention from traders and analysts due to its complex price action and conflicting signals between technical reversal patterns and on-chain sentiment. As the token tests critical support levels and navigates a potential bullish breakout, understanding the interplay between chart patterns and on-chain metrics is essential for assessing its near-term trajectory.

Technical Reversal Patterns: A Mixed Signal

JASMY's price action has formed a falling wedge pattern on the daily chart, a classic bullish reversal formation. The wedge's lower boundary has been tested near $0.00380, coinciding with the 200-day moving average, which has acted as a strong support level JASMY Nears Breakout as It Tests Key Descending Resistance^[1]. A successful breakout above the wedge's upper boundary at $0.00500 could target Fibonacci retracement levels such as $0.024 (0.618) and $0.03477, with further upside potential extending to $0.0580 JasmyCoin Falling Wedge: Bullish Breakout Potential^[2].

Concurrently, an inverse head-and-shoulders pattern has emerged, with the neckline broken at $0.01709. This pattern, confirmed by rising volume, suggests a potential rally toward $0.02007 and beyond Huge Bullish Pattern Emerges on JasmyCoin Chart: Ready for Liftoff?^[3]. However, this optimism is tempered by a double-top pattern at $0.041, which, if confirmed, could trigger a bearish correction toward $0.028 Jasmy price forms a risky pattern: can it fall 22%^[4]. The RSI for JASMY currently sits at 42.90, indicating neutral to slightly oversold conditions, while the Stochastic Oscillator suggests short-term exhaustion in the bearish trend Explosive Growth on the Horizon: JasmyCoin (JASMY) Market Analysis and News Update - September 2025^[5].

On-Chain Sentiment: Bearish Undercurrents

Despite bullish technical indicators, on-chain data paints a more cautious picture. According to IntoTheBlock, large transactions have plummeted by 10% since December 2024, dropping from 387 to just 29 in recent weeks. New and active addresses have also declined by 1.27% and 15%, respectively, signaling reduced market participation Jasmy price forms a risky pattern: can it fall 22%^[6]. These metrics align with a broader bearish trend, as JASMY's price has fallen below the 50% Fibonacci retracement level and the 50-period moving average JasmyCoin (JASMY) Price Prediction 2025–2030 — Will JASMY …^[7].

The Net Unrealized Profit/Loss (NUPL) metric, though not explicitly quantified for JASMY in recent reports, is inferred to be in a net loss zone based on its price action. NUPL values below zero typically indicate widespread unrealized losses, a precursor to capitulation and potential price bottoms NUPL (Net Unrealized Profit/Loss) | Glassnode Docs^[8]. However, the absence of a clear NUPL signal underscores the need for caution, as prolonged bearish sentiment could delay a reversal.

Fundamental Catalysts and Market Context

JASMY's ecosystem has seen strategic upgrades, including partnerships with Panasonic for IoT data platforms and the integration of Chainlink's CCIP for cross-chain interoperability Recent Updates - Jasmy^[9]. These developments enhance the token's utility in enterprise IoT applications, potentially driving long-term demand. Additionally, the anticipated Federal Reserve rate cut in September 2025 could provide a macroeconomic tailwind for altcoins like JASMY Explosive Growth on the Horizon: JasmyCoin (JASMY) Market …^[10].

Derivatives data further complicates the outlook: 52% of open positions are short, reflecting lingering bearish sentiment despite speculative buying pressure Latest JasmyCoin (JASMY) News Update - CoinMarketCap^[11]. This duality suggests a market in flux, where technical buyers and on-chain skeptics are in a tug-of-war.

Key Levels to Watch

• Support: $0.00360–$0.00380 (critical wedge boundary), $0.0150 (Fibonacci 0.786).
• Resistance: $0.00500 (wedge upper boundary), $0.0194 (1.618 Fibonacci extension), $0.0243 (0.618 retracement).

A failure to hold above $0.0150 could invalidate the bullish wedge pattern, triggering a retest of $0.0100 JasmyCoin Falling Wedge: Bullish Breakout Potential^[12]. Conversely, a breakout above $0.0200 may attract institutional buyers, particularly if ETF launches later in 2025 materialize Explosive Growth on the Horizon: JasmyCoin (JASMY) Market …^[13].

Conclusion

JasmyCoin's price action presents a compelling case for both bulls and bears. While technical patterns like the falling wedge and inverse head-and-shoulders suggest a potential breakout, on-chain metrics such as declining large transactions and bearish NUPL trends highlight structural weaknesses. Investors should closely monitor key support/resistance levels and on-chain sentiment shifts, particularly as macroeconomic catalysts and ecosystem upgrades unfold. For now, JASMY remains a high-risk, high-reward asset, with its trajectory hinging on the resolution of this technical-on-chain tug-of-war.