JASMY experiences an 18% surge over a few hours, leaving investors asking: How high can it climb?
In the past few days, the Japanese cryptocurrency, JASMY, has seen a significant 18% increase in its value, causing a stir in the crypto market. This surge has been attributed to a combination of factors, including increased trading volume, technical bullish signals, and fundamental optimism.
The increase in trading volume is evident, with JASMY seeing a spike of around 2.3 times above its average during a bullish breakout in mid-August 2025. This strong buying interest indicates a renewed confidence among traders.
Technical indicators also suggest a bullish momentum. The MACD has shifted from bearish to bullish, the RSI is approaching but not yet overbought territory (~57.25), and the Bollinger Bands are expanding, suggesting higher volatility and continuation of the uptrend.
Analysts highlight $0.01390 as a key weekly order block demand zone where buyers are expected to step in strongly. The recent price recovery in a "U-shaped" pattern suggests JASMY might retest resistance levels near $0.02 and above after pulling back to this zone.
Fundamental developments within JASMY's ecosystem have also contributed to this positive sentiment. Partnerships, such as the one with Panasonic Advanced Technology for blockchain integration in smart factories and IoT networks, and upcoming tech upgrades, like the AI-driven IoT data market launch in Q4 2025, are generating optimism among investors.
However, the question remains whether this current rally is the start of a new trend or just a temporary surge. Some analysts expect a short-term pullback to around $0.01390 before a stronger rally potentially up to $0.02–$0.022 range, with a 40% upside projected after this pullback.
The presence of layered resistance near $0.019 and $0.0224 indicates that the current rise may face obstacles, making the sustainability of the rally dependent on breaking past these levels.
The dynamics in the spot market could put JASMY's recent progress to the test. A persistent selling trend could erode gains, while a return to net positive flows on the spot market would give JASMY's bullish potential a new boost.
The derivatives market for JASMY has shown a brief downtrend dominated by short positions before the recent rally. However, the funding rate weighted by open interest (OI) in the derivatives market for JASMY has turned positive again, reaching 0.0143. This generally tends to strengthen bullish sentiment.
The strong dynamics in the overall cryptocurrency market may contribute to the bullish sentiment surrounding JASMY. Data from CoinGlass shows that open interest in JASMY has increased by 14% over the past 24 hours, reaching $46.1 million.
In summary, the recent 18% gain in JASMY is primarily driven by technical bullish momentum, increased buying volume, and fundamental developments in its ecosystem. While these factors suggest a promising rally setup, a likely immediate pullback to key demand support could precede a more sustained upward movement. Thus, this may represent the early stages of a new rally rather than just a temporary spike, pending confirmation with price action above key resistance levels around $0.02. Investors will need to keep an eye on these key indicators over the next few weeks.
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