JasmyCoin Surges 27% Weekly as Derivatives Inflows Rise $6.47M

JasmyCoin (JASMY) has surged 27% over the past week, with an additional 12% gain in the following sessions, reflecting strong momentum within the broader memecoin sector [1]. The rally is supported by rising Open Interest (OI) inflows, which increased by $6.47 million in the last 24 hours, pushing total OI to $46.1 million [1]. A positive OI-Weighted Funding Rate of 0.0143 further underscores growing confidence among traders in the derivatives market [1].

Community sentiment remains overwhelmingly bullish, with 87% of investors on CoinMarketCap expecting continued upside movement [1]. This optimism is aligned with the broader memecoin market, which has recorded a 12% growth over the past week. JASMY has outperformed many of its peers within the sector during this period, suggesting it may continue to benefit from sustained inflows [1].

Despite these positive indicators, spot market activity reveals a potential challenge. Over the past 72 hours, over $2.3 million in JASMY tokens have been sold, indicating weaker conviction among some long-term holders [1]. Such selling pressure could erode recent gains and place downward pressure on overleveraged long positions, particularly if the trend continues. While derivatives markets remain strong and sentiment is largely bullish, the spot selling highlights a key inflection point for JASMY's near-term price trajectory.

Analysts have pointed out that JASMY’s recent volatility—characterized by a 27% weekly rise and a 40% gain over 60 days—suggests the need for a stronger catalyst to maintain its upward momentum beyond technical indicators [2]. Additionally, some price forecasts suggest that JASMY could reach $0.02050 by 2026, assuming a 5% annualized growth rate [3]. However, it is important to note that such projections are speculative and do not reflect current market conditions.

The interplay between strong derivatives inflows and cautious spot selling creates a mixed outlook for JASMY’s sustainability. Investors may need to closely monitor both market sentiment and capital flows to gauge whether the rally can be maintained.

Source:

[1] Can JASMY sustain its 27% weekly rally? – THESE indicators say… (https://ambcrypto.com/can-jasmy-sustain-its-27-weekly-rally-these-indicators-say/)

[2] JasmyCoin (JASMY) Prognose (https://www.bitget.com/de/price/jasmycoin/price-prediction)

[3] JasmyCoin (JASMY) Price prediction (https://www.bitget.com/price/jasmycoin/price-prediction)