Retail Buyers Ignite JASMY's Bullish Comeback

JasmyCoin (JASMY) has recently demonstrated a renewed sense of bullish momentum, with recent price movements suggesting potential for new highs in the coming weeks. Following a 4% price increase in early April 2025, the token managed to avoid concerns of a “dead cat bounce” and has shown signs of sustained buying pressure. Technical indicators also point to a possible shift in market sentiment toward the positive, with analysts noting that a continuation of this trend could drive the price toward $0.017 [1].

Earlier in January 2025, JASMY experienced a 14% surge over the course of one week, spurred by the appearance of golden crosses in key technical charts and reinforced by the BBTrend indicator, which had previously signified strong bullish momentum. However, recent activity has seen a shift in the BBTrend to negative territory, which may serve as a potential test of the token’s strength. A breakout above the $0.036 level is seen as a pivotal moment for the coin, with further gains likely if this threshold is cleared. Conversely, the support level at $0.031 remains a critical benchmark for maintaining bullish expectations [2].

As of the latest available data, JASMY trades at $0.0147, representing a significant drop of -26.01% over the past year. The token currently has a market cap of $728.30 million, with a fully diluted valuation of $736.47 million. Despite its current price being 99% below its all-time high of $4.99, the token has maintained a relatively high trading volume, particularly in the last 30 days, where it recorded $1.86 billion in volume. The past 24-hour trading volume stands at $60.22 million, showing a 5.77% increase compared to the prior period [3].

JASMY’s circulating supply now stands at 49.44 billion tokens, or 99% of its max supply of 50 billion. The token’s market dominance remains negligible at 0%, but its popularity on Coinbase has placed it at rank 32. According to recent Coinbase data, 94% of its users have increased their positions in JASMY over the last 24 hours, indicating strong retail buying interest [3].

Social media sentiment surrounding JASMY remains mixed but leaning slightly bullish. On X (Twitter), 30.26% of tweets are bullish, while 8.9% are bearish, with the remainder being neutral. Reddit activity has been relatively modest, with the token featured in 16 posts and 19 comments over the last 24 hours. In broader altcoin market dynamics, JASMY has been identified as one of the top gainers in recent weeks, joining tokens like Wormhole (W) and Toncoin (TON) in experiencing double-digit price appreciation [4].

Looking ahead, market analysts suggest that JASMY’s price trajectory will depend heavily on its ability to maintain and expand on current buying momentum. If the token can sustain its recent performance and break through key resistance levels, it could potentially set the stage for a new bull run. However, the broader cryptocurrency market will also play a role in determining whether JASMY can achieve its previous highs, as macroeconomic factors and wider market sentiment continue to influence altcoin performance [4].

Source:

[1] BeInCrypto - Fresh Demand Fuels JasmyCoin’s (JASMY) 4% Rise, Dodging Dead Cat Bounce Concerns (https://www.beincrypto.com/jasmycoin-price-rise/)

[2] BeInCrypto - JASMY Surges 14% In One Week as Golden Crosses Signal Strong Bullish Momentum (https://www.beincrypto.com/jasmy-14-week-surge/)

[3] Coinbase - Jasmy Price, JASMY Price, Live Charts, and Marketcap (https://www.coinbase.com/price/jasmy)

[4] BeInCrypto - Biggest Altcoin Gainers of the First Week of June 2024 (https://www.beincrypto.com/altcoin-gainers-june-2024/)