JASMY jumps 14% – Can it aim for $0.0104 amid THESE risks?

JasmyCoin [JASMY] has been notably bullish, emerging as one of the market’s top performers during this period after climbing by 14%, at press time.

Investor optimism appears driven by strong confidence in the asset’s upside potential, with over 80% of holders maintaining a bullish outlook. Here are AMBCrypto’s findings in full.

Momentum builds as indicators align

Bullish momentum continues to strengthen, as multiple indicators show clear convergence.

JASMY‘s Relative Strength Index (RSI), which measures momentum and identifies overbought or oversold conditions, supports this outlook.

At the time of writing, the RSI remained on the bullish side of the market, hovering close to the 70 level but trending slightly downward, a pattern often considered healthy during sustained uptrends.

As long as the RSI holds between 50 and 70, the probability of further upside remains high.

The strength of this trend becomes even more evident when considering the Average Directional Index (ADX), an indicator used to confirm trend intensity.

Notably, the ADX was also rising, signaling that the prevailing upward trend is gaining strength and increasing the likelihood that the price continues in this direction.

Key levels to watch as JASMY extends its rally

Beyond momentum, liquidity data offers additional insight into how far the rally could extend. AMBCrypto’s analysis of the liquidation heatmap shows multiple clusters across the chart, with the most significant concentration around the $0.0104 region.

These clusters represent zones of unfilled orders, which often act as magnets for price movement.

Given the current bullish directional bias, JASMY is likely to gravitate toward this level.

When overlaid on the price chart from its press-time level of $0.0091, this move would translate to a gain of roughly 10% for investors entering at current prices. The broader outlook remains constructive.

Stronger momentum, combined with supportive market conditions such as a wider altcoin rally, rising capital inflows, and improving sentiment, could drive the price even higher. In an extended bullish scenario, JASMY could climb toward the $0.0257 region.

This possibility is reinforced by the recent breakout above the diagonal descending resistance line, a technical development that has historically preceded strong upward moves.

Derivatives data flashes bearish warning

While spot market structure remains positive, derivatives data present a more cautious picture.

JASMY’s perpetual contracts trading activity shows that a significant portion of traders still leans bearish, a dynamic that could limit upside in the near term.

The Open Interest Weighted Funding Rate, which indicates whether long or short positions dominate the market, reflects this imbalance.

At press time, the Funding Rate had declined to 0.0181% and continued to trend lower, suggesting that short positions still outweigh longs.

If capital inflows into JASMY perpetual contracts remain dominated by bearish positioning, downside pressure could emerge. While spot momentum remains bullish for now, the derivatives market bias is a factor worth monitoring closely.

Final Thoughts

• The ongoing JASMY rally is supported by indicators suggesting further upside remains in play, with momentum continuing to build.
• JASMY’s liquidity levels also point to additional gains, as long-term positioning remains active.