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JasmyCoin Faces Critical Support Test on Binance Amid Neutral Technical Signals

JasmyCoin Faces Critical Support Test on Binance Amid Neutral Technical Signals

Published:
2025-08-14 08:56:15
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JasmyCoin (JASMY) is currently testing key support levels at $0.01, reflecting a 2.48% decline over the past 24 hours. The token's Relative Strength Index (RSI) stands at 43.02, indicating neutral territory, but potential oversold conditions loom if bearish pressure continues. July witnessed significant volatility for JASMY, with a 60% surge followed by a 28% retracement, leaving the market in a consolidation phase. Binance spot volumes remain steady at $3.3 million, though no major catalysts are driving momentum. Traders are closely monitoring these levels for potential breakout or breakdown signals in the NEAR term.

JasmyCoin Tests Key Support Amid Neutral Technical Signals

JasmyCoin (JASMY) hovers at $0.01, down 2.48% in 24 hours, as bearish momentum indicators test critical support levels. The token's 43.02 RSI reading suggests neutral territory, though oversold conditions may emerge if selling pressure persists.

July's volatility saw JASMY surge 60% before retracing 28%, leaving the market in a consolidation phase. Binance spot volumes remain moderate at $3.3 million, with no fundamental catalysts offsetting technical drivers. GROK's speculative August forecast ties potential gains to Bitcoin maintaining $115,000 and new JasmyCoin developments—neither condition currently met.

LayerZero (ZRO) Holds Key Support Amid Token Unlock Pressure

LayerZero's ZRO token clings to the $1.75 support level despite persistent selling pressure from last month's 25.71 million token unlock. The asset trades in a tight $1.70-$1.79 range with muted $4.55 million Binance volume, as traders await clearer market signals.

Technical indicators show potential for reversal, with the RSI dipping to 39.69—approaching oversold territory. Protocol developments including Alchemix and Stargate integrations have failed to counterbalance the unlock's bearish impact, as markets focus on immediate supply dilution rather than long-term utility gains.

BNB’s $105 Billion Market Cap and 12% YTD Growth Power Its Crypto Dominance

BNB commands an 81% share of the exchange token market with a $105 billion valuation, cementing its position as the undisputed leader in digital assets. The token’s dual utility—offering trading discounts on Binance while powering the BNB Smart Chain—has proven resilient against market volatility.

Year-to-date, BNB has surged 12%, outperforming peers with flat or negative growth. Its recent all-time high underscores institutional confidence in its ecosystem. CryptoQuant’s analysis of exchange tokens (BNB, LEO, KCS, BGB, CRO) reveals Binance Coin’s unique stability during market fluctuations.

7 Top Meme Coins Gaining Investor Attention in 2025

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Arctic Pablo Coin distinguishes itself with an adventure-driven theme on Binance Smart Chain, offering low-fee transactions. Its presale promises a theoretical 13,984.50% ROI, with early investors potentially converting $45,000 into $506,880 at the projected listing price of $0.008 per token.

Whales and Institutions Accumulate Solana Amid Market Dip, $200 Target in Sight

Solana's price action remains volatile, retreating from its recent peak above $180 despite growing institutional interest. On-chain data reveals persistent accumulation by whales, with one entity moving $12 million worth of SOL through Binance to stake on Kamino Finance.

Corporate treasuries are joining the fray. Upexi now holds over 2 million SOL ($334 million) after a 170% expansion of its position since July. The network's validator ecosystem continues attracting institutional participants, with total holdings surpassing $568 million.

Market observers point to these developments as evidence of structural demand. The $200 psychological barrier appears increasingly viable as staking activity and balance sheet allocations demonstrate long-term conviction in Solana's infrastructure.

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The surge follows an airdrop initiative tied to Binance Alpha Points. Users holding at least 200 Alpha Points can claim 1,000 DARK tokens, with the threshold decreasing by 15 points hourly if unclaimed. The mechanism has sparked speculative buying, pushing DARK out of its April-July consolidation range of $0.0028-$0.0040.

Market participants appear to be positioning for potential increased demand from the airdrop and broader exchange exposure. The solana ecosystem continues to attract capital, with infrastructure projects like Dark Eclipse benefiting from renewed investor interest in AI-integrated blockchain solutions.

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