JASMY short-term bearish as RSI hovers, MACD contracts and price stays below EMA20
JASMY (JASMY/USDT) remains short-term bearish with recent price around $0.0059 and reduced trading volume. Technicals show RSI near neutral-to-weak levels (~40), MACD histogram contracting at the zero line, and price below the 20-period EMA — a combination signaling weak momentum and direction uncertainty. Short-term resistance sits near $0.0057 (critical); failure to reclaim EMA20 and $0.0057 could push JASMY toward supports at $0.0051 and $0.0045. Earlier analysis (Feb 6) noted heavier selling pressure and down-volume, with potential accumulation zones around $0.0049–$0.0053 and a longer-term support near $0.0045; sustained selling could expose a deeper bearish target near $0.0014. JASMY’s price action closely tracks Bitcoin (high correlation ~0.85+); further BTC weakness (breaks of key supports around $64k–$62.9k) would likely amplify downside, while a BTC recovery above ~65.5k–71k could aid a relief rally. Traders should watch volume on upticks, RSI moving above 50, a bullish MACD crossover and clear reclaim of EMA20 for evidence of trend reversal. This is a technical market update and not investment advice.
Bearish
The combined updates point to a bearish near-term outlook for JASMY. Key factors: (1) momentum indicators are weak — RSI around 40 and a contracting MACD histogram indicate limited buying strength; (2) price trading below EMA20 and failure to reclaim the $0.0057 resistance increases the probability of further downside toward $0.0051 and $0.0045; (3) on-chain/volume signals from earlier reporting showed strong down-volume and distribution risk, though some accumulation zones exist at lower prices, which could transiently support price but not negate bearish pressure; (4) high correlation with Bitcoin means BTC breakdowns at critical supports would likely accelerate JASMY declines, while any meaningful relief requires BTC strength and clear technical recovery on JASMY (RSI >50, MACD crossover, higher uptick volume). For traders, the immediate implication is a bias toward short or neutral positioning until technicals and volume confirm a reversal; stop management is crucial given the potential for deeper, low-probability downside targets if selling resumes.