Jasmy drops 7% after 23% of the gathering – but is the surprise of the turnaround?

• Jasmy on ended up among the best losers on the market, after a 24 -hour fall.
• The available Jasmy hit a new low on the stock market, adding the scheduled potential race on the market.

After a week, at which Jasmycoin (Jasmy) jumped 23.76%, Altcoin became a bear. In fact, this claimed second place among the highest losers on the market, sliding more than 7% in just one day.

It remains unclear what affected the price drop. Furthermore, trading volume at the same time decreased by $ 26.93% to $ 60.97 million, clearly emphasizing the weaker hands coming out of the market.

Interestingly, the market foundations are still climbing, long -term owners increase, and the flow of liquidity intensifies.

Long -term owners are on the rise

Long -term holders seem to grow, as the availability of token on the stock market continued to fall.

According to the recent Cryptoquant chart, Jasmy Exchange reserves have decreased to 10.6 billion tokens.

This tight supply, of course, often predicts an offer squeeze – where limited availability meets growing demand, naturally increasing upwards.

The outcome of this is a bull’s race, initially gradually and eventually leads to a large jump in prices in the next trade sessions. However, the movement of prices does not correlate with this.

Ambcrypto has since analyzed other market metrics to determine whether or not the price will see the price to get a better potential narrative.

The return remains immediate

In the technical scales, Jasmycoin retained clear rally potential, although with a slight risk of withdrawing briefly to the Red Fibonaci line at $ 0.01304. This specific level has marked a 50% return from the recent top.

Historically speaking, markets are often continued up after withdrawing between 50% and 60%.

The Fibonaccia line, however, indicates some levels above, which could serve as a resistance to the market, delaying the price from further profit.

Further analysis, using the global UI outside the money (GIOM) suggests that although these levels marked by the Fibonaccia line may not be significant in relation to the upcoming levels, they continue to represent certain importance.

For now, the main target goal is where the sales activity in the past has been high $ 0.019, where Jasmy’s 6.06 billion is traded, with more likely to remain at that level.

This suggests that until a level of $ 0.019 is reached, the price can continue higher.

Liquinity flow supports the tendency of the set

On top of that, the liquidity on the market further supported optimism about expensive prices.

Currently, the money flow index, with a reader of 75.30, turns upwards, indicates a greater liquidity that is channeled on the market with a healthy rate.

However, if this level of yarn above 80 thresholds, it could signal that the price correction is close.

Meanwhile, a relative strength index (RSI), although currently positive on 52.53, has started slightly downwards, suggesting a possible short -term softness price.

Nevertheless, if the price really touches the level of Fibonaccia support, the aforementioned earlier, the RSI could naturally recover, marking the beginning of the renewed market power.