JASMY Price Breaks Out of Downtrend With 46.44% Volume Surge

Recent price action in JASMY suggests the potential for a rally despite the token having fallen nearly 98% from its all-time high. The cryptocurrency has recently reclaimed the $0.04 level, a move that aligns with a breakout from a prolonged downward trendline. This reclamation signals a potential shift in momentum and has drawn renewed market attention [1].

JASMY’s market capitalization has stabilized since 2023, reaching a current valuation of $819.34 million with a circulating supply of 49.44 billion tokens. This stability has coincided with a 46.44% increase in trading volume over 24 hours, indicating a resurgence of interest and activity in the asset [1]. The rising volume suggests that both retail and institutional participants may be accumulating, potentially laying the groundwork for further price appreciation.

One key technical indicator supporting the bullish scenario is the volume-to-market cap ratio, currently at 9.51%. This suggests active trading relative to the token’s valuation and reflects increased participation in the market. However, maintaining this upward trajectory will depend on JASMY holding key support levels, particularly the $0.04 mark [1]. A break below this level could trigger a retest of lower support zones, undermining the current optimism.

Analysts have highlighted that the breakout structure implies growing confidence in the short-term trend. The next technical target for the token, assuming the current momentum persists, is $0.083. This level would represent a significant move from the current price and could serve as a psychological and technical catalyst for further buying interest [1].

Despite the positive signals, JASMY faces the challenge of its large circulating supply, which may act as a drag on price action. Nevertheless, the increase in trading activity and whale accumulation patterns point to a growing belief in the token’s potential to rebound. Whale activity, including strategic buying and accumulation phases, has been noted as a critical factor in supporting the bullish narrative [1].

The broader market structure also shows signs of recovery. After heavy losses in 2022, JASMY has entered a rebound phase since 2023, with market capitalization stabilizing at higher levels through 2024 and 2025. This stabilization is interpreted as an indicator that the most severe phase of the bear market may have passed. Sustained buying pressure will be crucial for pushing prices higher and maintaining the current momentum.

Technical and market indicators are increasingly aligning for a potential upside. A combination of elevated volatility, rising volume, and positive sentiment suggests that the market is reacting to underlying fundamentals. If these conditions persist, JASMY could enter a broader recovery phase, although the long-term trajectory remains subject to broader market conditions [1].

Source: [1] JASMY Price Action Hints at Rally Potential Despite 98% Historical Drop (https://coinmarketcap.com/community/articles/689b0e3eaeeec253d3d34c43/)