Here’s Why JasmyCoin (JASMY) Price Is Pumping

JasmyCoin price is seeing a strong move, jumping nearly 15% over the past day. That puts it right behind Conflux (CFX) as one of the top gainers in the market. Right now, JASMY is trading at around $0.01962, and the trading volume has exploded by more than 500% in a single day. 

With traders shifting focus back to lower-cap altcoins, JASMY is getting fresh attention thanks to a mix of bullish chart patterns, big wallet activity, and growing buzz around its role in AI tech.

According to data from CoinMarketCap, about 53% of JASMY’s total circulating supply moved into whale wallets throughout July. At the same time, exchange reserves dropped to their lowest point of 2024. That combo, less supply on exchanges and more in strong hands, can create a classic price squeeze. As fewer tokens are available to buy, upward pressure builds.

This latest rally is also happening as altcoins in general are seeing a surge. Altcoin dominance has jumped 229% in the last month, while Bitcoin’s market share dipped to 59.98%. That rotation from BTC into smaller-cap tokens has given coins like JASMY room to shine. And with more traders watching AI-related projects and Web3 infrastructure plays, JASMY is hitting the right narrative at the right time.

JASMY Price Technical Breakout and Fibonacci Targets

According to chart analysis shared by top analyst Ron Pogi on X, JasmyCoin price has re-entered a key consolidation zone, often referred to as the Gann Box. 

The token has also formed a double bottom pattern, which is generally viewed as a bullish reversal signal. The pattern’s neckline lies in the $0.0226–$0.024 range, a level that analysts are watching for confirmation of sustained momentum.

The same chart shows a set of Fibonacci extension targets. These are $0.09059 (1.618), $0.1415 (2.618), $0.19241 (3.618), and $0.22387 (4.618). These are all levels that have coincided with previous breakdown points in 2021 and 2022.

If JasmyCoin price maintains its current trajectory and breaks the neckline, these extensions could become medium- to long-term technical levels to monitor.

Image Source: X/RonPogi

JASMY Volume Surge and Market Sentiment

Volume data supports the ongoing price movement. JASMY’s latest rally is accompanied by a spike in trading volume, with daily figures up more than fivefold. 

This increase aligns with the interpretation that the previous shakeout phase has cleared weaker positions, as noted by analysts tracking long-term wallet behavior.

A tweet from Saiyan1Kl observed that JASMY was once again approaching a $1 billion market capitalization after facing rejection at the $0.0202 level. The price pulled back to $0.0186 before continuing its climb, suggesting that bulls remain active within a developing range.

Read Also: Litecoin (LTC) Price Approaches Its Biggest Test in Years – Is a Breakout Finally on the Table?

JasmyCoin AI Testnet and Sector Catalysts

Another potential catalyst is JASMY’s involvement in AI infrastructure. The ongoing development of the JANCTION Layer 2 testnet, which uses Nvidia edge chips, has generated interest from speculative traders aligned with the AI narrative. 

Although no major partnerships have been confirmed, association with this sector has positioned JASMY within trending discussions around blockchain and AI convergence.

A mix of technical setups, market structure, and trending themes are all coming together for JASMY price right now. The price action shows that both retail traders and bigger players are starting to get involved. There are still some resistance levels up ahead, but in the short term, momentum is clearly leaning to the upside.

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Boluwatife Afe
Boluwatife Afe

Boluwatife is a dedicated content strategist specializing in the crypto industry and is passionate about blockchain technology and digital currencies. With a keen eye for emerging trends and a talent for making complex topics accessible, Boluwatife aims to educate and inspire the crypto community through engaging and insightful content.

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