The post JASMY Weekly Analysis Feb 24 appeared on BitcoinEthereumNews.com. JASMY appears trapped within the main downtrend despite a limited weekly +0.91% rise;The post JASMY Weekly Analysis Feb 24 appeared on BitcoinEthereumNews.com. JASMY appears trapped within the main downtrend despite a limited weekly +0.91% rise;

JASMY Weekly Analysis Feb 24

JASMY appears trapped within the main downtrend despite a limited weekly +0.91% rise; consolidation around $0.01 signals testing of critical supports. For position traders, a cautious stance should be prioritized unless the main trend breaks.

JASMY in the Weekly Market Summary

JASMY completed the week in a narrow range at the $0.01 level (+0.91% change), following a sideways trajectory. Volume profile remained low at 21.80M$, while RSI at 41.93 reflects neutral-bearish momentum. MACD histogram is neutral at the zero line, but price below EMA20 gives a bearish short-term signal. The main trend is downward, with BTC weakness in the broader market pressuring altcoins. In this context, JASMY is experiencing consolidation in the downtrend phase in the big picture; no positions should be taken without a breakout. For more detailed data, check the JASMY Spot Analysis page.

Trend Structure and Market Phases

Long-Term Trend Analysis

The long-term trend structure exhibits a clear downtrend character; falling highs and lows formation dominates on higher timeframes (1W/1M). Price is testing the upper band of the main downtrend channel near $0.01, but the trend filter maintains a bearish signal. From a market cycle perspective, the distribution phase has continued since the 2025 peaks; recent mild recovery is insufficient for a trend change. For portfolio managers, the trend remaining intact (above $0.0055 support) indicates the downtrend is ongoing. This structure requires patience for position trading; early long positions are risky.

Accumulation/Distribution Analysis

Examining accumulation/distribution patterns, the current consolidation is low-volume and narrow-range; it does not show typical accumulation phase characteristics. On the contrary, the sideways movement around $0.01 may signal smart money preparing for distribution – especially with no RSI divergence. Volume profile at 21.80M$ confirms weak buyer interest. According to Wyckoff methodology, there is no signal of transition from markdown phase to re-accumulation; distribution patterns are emerging. Strategically, volume increase and support holding should be awaited for accumulation.

Multi-Timeframe Confluence

Daily Chart View

On the daily chart, price continues the bearish short-term trend below EMA20; strong confluence with 2 supports/3 resistances on 1D timeframe. RSI 41.93 is near oversold but momentum is weak. MACD neutral, histogram at zero; potential bearish crossover risk exists. Main support at $0.0055 (71/100 score) aligns with daily pivot. This view emphasizes an inflection point for positions, not short-term traders: bearish bias dominant unless $0.0057 resistance breaks.

Weekly Chart View

From a weekly perspective, downtrend intact; strong confluence with 2S/3R levels on 1W (total 13 levels across TFs). Price within weekly channel but under pressure from BTC dominance. Supertrend confirms bearish filter. In the long-term view, $0.0074 resistance is the main barrier; volume required for breakout. Multi-TF confluence provides a clear framework for strategic traders: weekly close above $0.01 necessary for bullish bias.

Critical Decision Points

Main supports: $0.0055 (71/100, strong confluence), $0.0051 (64/100). Breakdown extends downside risk to $0.0029 (22 score). Resistances: $0.0057 (71/100, first test), $0.0067/$0.0074 (61-67 scores). Upside objective $0.0081 (31 score). These levels define market structure; holding above $0.0055 preserves the trend, below triggers bearish breakdown phase. R/R ratio strategic: 1:2+ for longs, 1:3 potential for shorts. Follow JASMY Futures Analysis for futures trading.

Weekly Strategy Recommendation

In Bullish Case

Bullish scenario: If $0.0057 resistance breaks on weekly close, move to $0.0067-$0.0074 range expected; target $0.0081. Long positions above $0.0055 support, stop-loss below $0.0051. Volume increase and RSI>50 confirmation required. For position traders, partial entry with BTC stabilization; max risk 2-3%. If this scenario plays out, signal for entry into accumulation phase.

In Bearish Case

Bearish scenario: If $0.0055 support breaks, quick test to $0.0051, then downside to $0.0029. Short positions after resistance rejection, stop above $0.0067. Trend structure supports downtrend; distribution continuation likely. For cautious portfolios, hedge or wait-and-see. Visit the JASMY and other analyses section for all analyses.

Bitcoin Correlation

BTC at $62,961 level with -3.24% drop in downtrend; supertrend bearish. Altcoins like JASMY highly correlated (0.8+), cascade effect expected in alts if BTC supports $62,910/$60,000 break. JASMY long bias risky unless BTC resistances $64,657/$66,490 surpassed. Strategic watch: BTC below $60,000 triggers JASMY $0.0055; rising dominance accelerates alt selling.

Conclusion: Key Points for Next Week

To watch next week: $0.0055 support test and $0.0057 resistance reaction; BTC $62,910 close. Volume profile and RSI divergence main indicators. Bearish stance if trend unbroken, partial long on confluence breakout. For position traders, macro BTC context priority; avoid early moves.

This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.

Trading Analyst: Emily Watson

Short-term trading strategies expert

This analysis is not investment advice. Do your own research.

Source: https://en.coinotag.com/analysis/jasmy-technical-analysis-24-february-2026-weekly-strategy

Market Opportunity
Jasmy Logo
Jasmy Price(JASMY)
$0.005597
$0.005597$0.005597
-2.74%
USD
Jasmy (JASMY) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Federal Reserve cut interest rates by 25 basis points, and Powell said this was a risk management cut

The Federal Reserve cut interest rates by 25 basis points, and Powell said this was a risk management cut

PANews reported on September 18th, according to the Securities Times, that at 2:00 AM Beijing time on September 18th, the Federal Reserve announced a 25 basis point interest rate cut, lowering the federal funds rate from 4.25%-4.50% to 4.00%-4.25%, in line with market expectations. The Fed's interest rate announcement triggered a sharp market reaction, with the three major US stock indices rising briefly before quickly plunging. The US dollar index plummeted, briefly hitting a new low since 2025, before rebounding sharply, turning a decline into an upward trend. The sharp market volatility was closely tied to the subsequent monetary policy press conference held by Federal Reserve Chairman Powell. He stated that the 50 basis point rate cut lacked broad support and that there was no need for a swift adjustment. Today's move could be viewed as a risk-management cut, suggesting the Fed will not enter a sustained cycle of rate cuts. Powell reiterated the Fed's unwavering commitment to maintaining its independence. Market participants are currently unaware of the risks to the Fed's independence. The latest published interest rate dot plot shows that the median expectation of Fed officials is to cut interest rates twice more this year (by 25 basis points each), one more than predicted in June this year. At the same time, Fed officials expect that after three rate cuts this year, there will be another 25 basis point cut in 2026 and 2027.
Share
PANews2025/09/18 06:54
Strategic Bitcoin Credit: Smarter Web Company Secures $30M Coinbase Facility to Expand Crypto Holdings

Strategic Bitcoin Credit: Smarter Web Company Secures $30M Coinbase Facility to Expand Crypto Holdings

BitcoinWorld Strategic Bitcoin Credit: Smarter Web Company Secures $30M Coinbase Facility to Expand Crypto Holdings In a significant development for corporate
Share
bitcoinworld2026/02/24 19:10
Trending: XRP to Hit $15 by March 15? Analysts’ Prediction Ignites Backlash

Trending: XRP to Hit $15 by March 15? Analysts’ Prediction Ignites Backlash

CryptoBull predicts $15 XRP target by March 16 ChartNerd rejects bold XRP forecast, sparks heated debate Backlash grows as traders challenge aggressive XRP timeline
Share
Coinstats2026/02/24 18:43