CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
CoinGape 2025-02-06 11:53:38

Jasmy Price Prepares Big Move as Exchange Balances Plunge

Jasmy price has pulled back in the last two months, falling by over 60% from its November highs. It still continues having bearish pressure as investors remain fearful to buy the dip, causing a series of lower lows. Still, JasmyCoin balances on exchanges have crashed, signaling a potential rebound. Jasmy Price Has a Catalyst as Exchange Balances Plunge Jasmy Coin price has crashed to a low of $0.02295, down from last year’s high of $0.0590. This decline is in line with the performance of other cryptocurrencies like Ethereum, Solana, and Cardano. On the positive side, there are signs that many Jasmy holders are not selling. One way to look at this is to watch the exchange balances data. CoinGlass numbers show that these balances have fallen to 8.47 billion JASMY coins, the lowest it has been in over a year. The chart below shows that the balance has dropped from 11.67 billion in March last year. A sharp drop in exchange balances means holders are not selling and buyers are moving them to self-custody, a positive thing in the crypto industry. JASMY Balances Jasmy Coin Open Interest Have fallen The other potential catalyst for the Jasmy price is that the futures open interest has continued falling this month. This figure stood at $31.90 million on Thursday, its lowest level since October last year. It is also much lower than the December high of over $147 million. In theory, a coin does well when the futures open interest is rising. However, a sharp drop in interest can be a contrarian thing. For example, Jasmy surged in October after the interest dropped to $23.6 million. Jasmy Open Interest JasmyCoin Price Technical Analysis And Targets The daily chart reveals that the Jasmy price has plummeted in the past few months. However, on the positive side, it has slowly formed one of the most popular bullish reversal patterns in the market: falling wedge . A wedge chart occurs when an asset is stuck inside a range that continues to narrow over time. It has two descending and converging trendlines. In most cases, an asset bounces back when the two lines near their meeting point. Jasmy Price Chart Therefore, the value of Jasmy will likely rebound in the coming days since the two lines are nearing their tipping point. If this happens, the initial target for the coin is $0.04452, the upper side of the cup pattern. However, drop below this week’s low of $0.01876 will invalidate the bullish view. The post Jasmy Price Prepares Big Move as Exchange Balances Plunge appeared first on CoinGape .

Lesen Sie den Haftungsausschluss : Alle hierin bereitgestellten Inhalte unserer Website, Hyperlinks, zugehörige Anwendungen, Foren, Blogs, Social-Media-Konten und andere Plattformen („Website“) dienen ausschließlich Ihrer allgemeinen Information und werden aus Quellen Dritter bezogen. Wir geben keinerlei Garantien in Bezug auf unseren Inhalt, einschließlich, aber nicht beschränkt auf Genauigkeit und Aktualität. Kein Teil der Inhalte, die wir zur Verfügung stellen, stellt Finanzberatung, Rechtsberatung oder eine andere Form der Beratung dar, die für Ihr spezifisches Vertrauen zu irgendeinem Zweck bestimmt ist. Die Verwendung oder das Vertrauen in unsere Inhalte erfolgt ausschließlich auf eigenes Risiko und Ermessen. Sie sollten Ihre eigenen Untersuchungen durchführen, unsere Inhalte prüfen, analysieren und überprüfen, bevor Sie sich darauf verlassen. Der Handel ist eine sehr riskante Aktivität, die zu erheblichen Verlusten führen kann. Konsultieren Sie daher Ihren Finanzberater, bevor Sie eine Entscheidung treffen. Kein Inhalt unserer Website ist als Aufforderung oder Angebot zu verstehen