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Jasmy's recent trend indeed reflects the fierce momentum reminiscent of early Bitcoin. This wave of rally from the main force is not a gentle push but a true battle of offense and defense.
Currently, the $0.01 level acts like a dividing line, with both bulls and bears repeatedly tugging back and forth. Even more interesting is that the futures contract open interest has surged several times in a short period, indicating that not only are the main players sweeping the spot market, but a large amount of leveraged funds are also participating. If this momentum can hold until the close, the subsequent upward space could open new heights.
From the chart perspective, Jasmy has completely broken through the long-term downtrend channel that lasted for months. Such violent breakouts often signal a genuine trend reversal. The main force's tactics are also quite clear—by rapidly pushing up to shed the cost zone, discouraging those wanting to buy low, and forcing the indecisive to chase high.
The minute chart shows a stepwise upward pattern, with each rally followed by sideways consolidation, demonstrating strength and health. The $0.0093 level is an important short-term support; as long as it holds, the upward momentum remains intact.