JasmyCoin (JASMY) is back in dangerous territory, and the chart tells a familiar story. The last time the price broke below its key support level, it crashed by over 30%. Now, it’s hovering just above that same support zone again, and the indicators are not looking any better.
JASMY is currently trading around $0.0125. That might not seem alarming on its own, but it’s sitting right above a crucial support zone that starts around $0.0105 and stretches down to $0.0100. The last time the JASMY price broke below this area, it didn’t take long to drop to $0.007. That was a 33% crash in just a short period.
This time around, the candles are squeezing tighter, volume is fading, and the price is already down more than 5% today. There are no strong bullish signs stepping in to defend this level, and that’s the worrying part. If support gives out again, we could be looking at another steep fall.
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MACD Confirms Bearish Momentum
Looking at the MACD, the picture doesn’t get any better. The MACD line is currently sitting well below the signal line, and both are stuck deep in negative territory. The histogram is flat and under zero, showing that there’s no meaningful buying momentum at all.
This setup often appears before a further breakdown. And right now, it looks like the bears are in full control. There’s no bullish divergence, no crossover, and no early recovery signals. If anything, this kind of MACD trend tends to signal a continuation of the decline.
RSI Still Weak and Pointing Lower
The Relative Strength Index (RSI) is also flashing warnings. It’s currently around 33, which is dangerously close to oversold territory. But the more important thing here is the pattern. While the JASMY price has stayed near the same horizontal support level, the RSI has been making lower highs. That’s not a good look.
This kind of divergence usually means demand is fading. Buyers aren’t stepping in with the same strength anymore, and sellers are getting bolder. If the RSI dips below 30 again, it would likely confirm a fresh leg down for JASMY.
Another Double-Digit Drop Could Be Coming
Since the failed breakout earlier tin April, JASMY has been trapped in a clear downtrend. Every bounce has gotten weaker, and now it’s back to testing the same support zone it already broke through once.
If this support breaks again, the drop could be sharp. A fall from $0.0125 to $0.008 would be another 25% to 35% decline, just like what happened last time. The overall setup, weak support, bearish MACD, low RSI, and fading volume, points toward more downside risk.
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Unless there’s a big shift in sentiment or a sudden bullish move across the broader crypto market, JASMY might be in trouble. The technical indicators are stacked against it, and the price structure is leaning bearish. If you’re holding or watching from the sidelines, this might be a moment to stay alert. JasmyCoin is at a make-or-break point, and right now, the weight is on the bearish side.
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