JASMY surges 14% with a positive technical outlook, but derivatives data indicates the need to watch out for risks.

LiquidityWitch · 2026-01-09T18:20:11+00:00

JasmyCoin has recently performed well, with a 14% increase, and over 80% of holders are optimistic about the future. Technical signals are favorable, with a price target of $0.0104, indicating a potential upside of about 10%. However, the derivatives market shows bearish pressure, and caution is advised regarding possible pullback risks.

LiquidityWitch

2026-01-09 18:20:11

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【Crypto World】JasmyCoin’s recent performance has been quite eye-catching. In the past trading cycle, JASMY surged by 14%, becoming one of the market hotspots. Even more interesting is that over 80% of holders are optimistic about the future, a level of consensus rarely seen in the crypto space.

From a technical perspective, the signals are indeed promising. The RSI indicator is approaching the 70 level, and the ADX is also trending upward, all pointing to a strong bullish trend. The liquidity concentration on the chart also suggests that the price may push higher again, with a target around $0.0104. Currently, this implies about a 10% upside potential.

However, blind optimism is not advisable. Looking at data from the derivatives market, the funding rate has dropped to 0.0181%, indicating that there are quite a few short positions in perpetual contracts. The presence of these bearish forces could potentially slow down the upward movement in the short term. Therefore, when trading, it’s important to be optimistic about the technical opportunities while also being cautious of possible pullbacks caused by the derivatives market.

JASMY3.73%

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