JasmyCoin (JASMY) is currently trading at $0.01058, showing signs of short-term volatility. Over the past 24 hours, it has risen 17.93%, with a 1.73% gain in the last hour, supported by a significant $134 million in daily volume. With a circulating supply of over 49.44 billion tokens and a capped supply of 50 billion, the token remains near full distribution, which could play a role in future price dynamics.
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Technically, analysts believe Jasmy may be completing a corrective C wave, with potential downside targets between $0.00348 and $0.0042. However, if the asset forms a higher low, it could mark the start of a third Elliott wave impulse, potentially pushing prices up to $0.026 in the medium term.
Despite what many are calling a “shitty downtrend,” the Jasmy community remains resilient. According to @Fintwiit, the market cap sits around $524 million, with 90,750 holders — up from previous months. Interestingly, whales control 48.02% of the supply, indicating a strong belief in its long-term value.
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However, @Adrian_Alpha_W noted JASMY is still struggling to break above the key $0.015 resistance. He also pointed out a declining RSI and weak trading volume, both signs that a trend reversal may not be immediate. This is in line with a broader drop in altcoin volume since December.
As the market watches for a reversal zone, many are revisiting their Jasmy price predictions for 2025, with renewed focus on utility growth and potential partnerships. While near-term pain is possible, long-term holders are banking on a comeback driven by fundamentals and technical breakout patterns.
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