🔥 Strong Rally but Resistance Ahead
JasmyCoin [JASMY] surged 16% in 24h, lifting 30-day gains to 41%. It broke out of its descending channel, but faces a big test at $0.01786, where sellers have stacked orders, triggering recent pullbacks.
⚡ Key Levels to Watch
A clean break above $0.01786 is necessary, but not enough to confirm a bullish trend. True bullish confirmation lies above $0.02139, setting a new higher high and flipping the market structure firmly upward.
📊 Indicators Send Mixed Signals
The Moving Average Ribbon still shows the 100/200-day MAs above the 20/50-day MAs, hinting the broader trend isn't yet bullish. But MACD is more optimistic, with its line above the signal line—historically a sign of building momentum.
🪙 Market and On-Chain Support
JASMY’s Funding Rate remains positive at 0.0141%, showing more longs than shorts. On-chain activity is also heating up with 349 transactions and 238 unique addresses in 24 hours, pointing to rising user engagement and bullish sentiment.
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