JasmyCoin Eyes 97% Surge: Key Resistance Breakout Needed for Rally

As of April 21, 2025, JasmyCoin (JASMY) is showing potential for a significant 97% price rally, contingent upon overcoming a crucial resistance level. Market analysts highlight that this breakout is essential for confirming bullish momentum. Traders are closely monitoring JASMY’s price action, as a successful breach of this barrier could trigger substantial upward movement. The asset’s technical indicators suggest growing buying pressure, but the resistance remains a decisive factor. Investors should watch for volume spikes and sustained price action above this threshold to validate the anticipated uptrend.

Whales bets on a JASMY rally

Whales who hold sufficient market liquidity drove JASMY’s rally by buying tokens from the market.

Arkham Intelligence reports that four whales influenced the price rally including Binance, Bybit, Bitturk, and Bitvavo. Collectively, these whales bought $8.47 million worth of JASMY from the market.

Source: Arkham Intelligence

In fact, Binance has now become a significant investor in JASMY. The group owns 9.2% of its current supply, which is now worth $72 million.

When large investors control a significant supply like this, it can inspire market confidence or fear, leading to a sell-off.

How will retail investors recover?

Beyond whale accumulation, the daily chart showed that JASMY’s recent rally followed the asset trading into a fair value gap (FVG), which essentially marks a demand level—forming a new daily high.

For the rally to continue, the asset needs to breach the resistance at $0.01615. If that happens, it could gain 97%, pushing JASMY to $0.03196.

Source: TradingView

However, that’s not the only possible outcome. As shown in the chart, JASMY may also drop back into the FVG to gather momentum, then attempt to breach the resistance and make a run toward the target level.

This rally to the target level is likely to occur due to the liquidity zone marked on the chart with the blue curved line. This level potentially houses unfilled orders that the market could take advantage of to aid its rally.

Technical indicators suggest investors are more likely to sell after accumulating. First, the Money Flow Index (MFI), which measures liquidity inflow and outflow, shows that buyers are nearing exhaustion.

This phase occurs when the MFI crosses the overbought region of 80.00. At press time, it has a reading of 76.82. Once exhaustion sets in, prices typically fall due to reduced liquidity supporting a rally.

Source: TradingView

Similarly, the Relative Strength Index (RSI) gives a bearish reading, currently declining at 56.80. If the RSI drops below 50, JASMY will likely fall, aligning with the second scenario shown in the earlier chart.

Other segments of the market are selling

This market movement has gone against the longs as shorts begin to dominate. Currently, sellers are paying a premium fee to buyers.

This trend occurs when the market favors short positions, which have more contracts opened. If the funding rate continues to drop, JASMY will likely stay on its downward path.

Overall, whale accumulation may have little effect on JASMY if other segments of the market don’t resume buying the asset.