JasmyCoin Smashes Bear, Will it Soar to $0.01?

by

JasmyCoin, that stubborn clerk of the market, attempted a rebound and promptly found the velvet rope of reality waiting at the door. After a brief flirtation with stability and a crawl toward the upper balcony of its latest range, JASMY was met by a sharp rebuke from the crowd-sellers stamping their feet with uncanny gravity. The failure to hold the bounce invites a gnawing question: is this revival merely another temporary relief in a grander tragedy called the downtrend?

The stern bearish chorus from the upper echelons suggests that supply still hovers at the lofty shelves. With price slipping back toward the lower boundary of its recent architecture, traders lean in with the curiosity of provincial reporters. Will buyers don their capes and defend this zone once again, or is the market preparing for a deeper, noirish breakdown?

The next move could stamp whether JASMY is laying a base worthy of a statue-or simply prolonging its bearish interlude, with the clock ticking like a moral tale told by a cryptic cashier.

Can the JASMY Price Continue With the V-Shaped Recovery to $0.008?

JASMY remains entangled in a descending parallel channel despite its recent bravura gesture. The recovery attempt stalled near the upper boundary of the channel, where the sellers reappeared with the theatricality of a bad play, ensuring the broader bearish structure stays intact for the moment.

Price is also wrestling near the mid-Bollinger Band, that fickle gatekeeper who loves to pretend to be helpful during downtrends. Until JASMY pushes decisively above this level and reclaims the $0.0066-$0.0070 zone, the V-shaped recovery remains more rumor than fact.

Meanwhile, MACD lingers below the signal line, a somber note on bullish momentum despite the rebound. A breakout above the channel resistance could clear a path toward $0.008 and perhaps $0.0104. However, failure to hold above $0.0048 could drag the price back toward the lower nooks of support inside the channel.

The Bottom Line

JasmyCoin price sits at a crossroads, like a coin tossed at the feet of fate. The bounce whispered of a V-shaped revival, but a rejection at the upper boundary of the descending parallel channel shows the sellers still in charge. Unless the price reclaims the $0.0066-$0.0070 zone and breaks above channel resistance, the broader bearish structure remains politely dignified, but decisively persistent.

A confirmed breakout could open the road toward $0.008 and possibly $0.0104. Yet losing the $0.0044-$0.0048 support area would temper the recovery thesis and risk a deeper downturn. The next few sessions will reveal whether the JASMY price is prepping a reversal or merely continuing its melancholic downtrend.

Read More

2026-02-13 14:36