- JasmyCoin is trading near $0.0140 after failing to sustain momentum above key resistance.
- A double top pattern around $0.0146–$0.0150 suggests potential reversal pressure.
- Volume has declined and RSI is turning lower, indicating weakening bullish momentum.
- A close below $0.0140 may lead to a drop toward $0.0132, while a move above $0.0150 could revive bullish hopes.
JasmyCoin (JASMY) is currently trading around $0.0140, showing signs of weakness after failing to hold above key resistance levels. Over the past few days, the market trend has shifted from a short recovery to potential downside, as technical signals begin to flip bearish. After a brief post-breakout rally, momentum has slowed, and the price is now hovering just above a key support level.
JasmyCoin Break Above $0.0150 Cancels Bearish Case
Earlier this week, JASMY broke out from a falling wedge pattern, typically a bullish setup. This breakout initially pushed the price toward the $0.0150 zone. However, the rally was short-lived. A double top has now formed on the 1-hour chart near $0.0146–$0.0150, signaling possible reversal pressure. This pattern is generally seen as a bearish signal, especially when it follows a weak breakout and occurs at a previously tested resistance level.
Volume data supports the idea of fading momentum. After the breakout, trading volume declined, showing that buying interest did not follow through. At the same time, the RSI (Relative Strength Index) has turned lower from the 60 region, and the stochastic indicator is showing a bearish crossover. These shifts suggest that upward momentum is weakening and that sellers may be gaining control again.
Looking at support levels, the $0.0140 mark is now crucial. If JasmyCoin closes below this area with volume, it could confirm the double top pattern and trigger a move toward $0.0132–$0.0130. On the flip side, any push back above $0.0150 would invalidate the bearish pattern and open up room for a retest of higher levels.
JasmyCoin is at risk of further downside unless buyers step in soon. The market is showing early signs of a bearish shift, and the coming sessions will be key in determining whether the recent breakout was a setup for a larger move, or just a fakeout. Traders should keep a close eye on the $0.0140 support and $0.0150 resistance to gauge the next direction.
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