{"id":19553,"date":"2026-01-09T16:24:10","date_gmt":"2026-01-09T16:24:10","guid":{"rendered":"https:\/\/bitunikey.com\/news\/jasmy-price-soars-heres-why-it-may-crash-soon\/"},"modified":"2026-01-09T16:24:16","modified_gmt":"2026-01-09T16:24:16","slug":"jasmy-price-soars-heres-why-it-may-crash-soon","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/jasmy-price-soars-heres-why-it-may-crash-soon\/","title":{"rendered":"Jasmy price soars: Here\u2019s why it may crash soon"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Jasmy price continued its recent recovery this week, making it one of the best-performing tokens in the crypto industry.<\/p>\n<div id=\"cn-block-summary-block_36d7e6321b38f98b55847bcb86c98414\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Jasmy price surged by double-digits this week.<\/li>\n<li>The supply of Jasmy tokens in exchanges has dived.<\/li>\n<li>However, it has formed a double-top pattern, pointing to a reversal.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>JasmyCoin (JASMY), often dubbed Japan\u2019s Bitcoin, rose by 11% on Friday. It was trading at $0.00917, up by nearly 70% from its lowest level in December.\u00a0<\/p>\n<p>Data compiled by CMC indicate that the volume increased by 15% over the last 24 hours to over $156 million. The soaring volume in the spot market also coincided with the performance in the derivatives market.\u00a0<\/p>\n<p>CoinGlass data shows that Jasmy\u2019s futures open interest has been in a strong uptrend. It jumped to a high of $41.4 million, its highest level since Sep. 14 last year. It has soared sharply from the December low of less than $10 million.<\/p>\n<p>There are signs that whales and retail traders have continued to accumulate JasmyCoin. Data compiled by Nansen shows that the top 100 holders have increased their positions by 92% in the last 90 days to over 41.59 billion.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>This trend has coincided with the ongoing exchange outflows. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.coinglass.com\/currencies\/JASMY\" target=\"_blank\" rel=\"nofollow\">CoinGlass<\/a> data show that the supply of Jasmy on exchanges has declined from over 11.6 billion in January last year to a record low of 7.99 million.\u00a0<\/p>\n<p>The accumulation will likely continue after the Jasmy token was listed by Aster, a leading perpetual futures platform. Additionally, the developers have indicated major developments this year, including the launch of the Jasmy layer-2 mainnet and the expansion of the Base App platform.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Last year, thank you for all the incredible support. <br \/>In 2026, we\u2019re aiming higher\u2014launching Jasmy L2 mainnet, expanding the Base App, and accelerating PDL user growth.<\/p>\n<p>Together with JANCTION ( <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/JANCTION_Global?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@JANCTION_Global<\/a>  , <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/JanctionMGT_JP?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">@JanctionMGT_JP<\/a>  ), we\u2019ll keep scaling the Jasmy ecosystem\u2014more\u2026 <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/tJ0wHbjBQv\">pic.twitter.com\/tJ0wHbjBQv<\/a><\/p>\n<p>\u2014 Jasmy Global Official Account (@Jasmy_Global) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Jasmy_Global\/status\/2008500905428271568?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"nofollow\">January 6, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<h2 class=\"wp-block-heading\">Jasmy price forms double-top pattern\u00a0<\/h2>\n<figure class=\"wp-block-image size-large\"><figcaption class=\"wp-element-caption\">JasmyCoin price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The daily chart shows that technicals contributed to the Jasmy price rebound. It formed a double-bottom pattern at $0.0056 and a neckline at $0.0066.\u00a0<\/p>\n<p>The coin also formed a falling wedge pattern, characterized by two descending, converging trendlines. It has now moved above the 50-day and 100-day moving averages, which is a positive sign.<\/p>\n<p>However, the token has formed a double-top pattern at $0.010 and a neckline at $0.0081. Therefore, there is a risk that the coin will have a strong bearish breakout in the near term. If this happens, the initial target will be the neckline at $0.00815.\u00a0<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Jasmy price continued its recent recovery this week, making it one of the best-performing tokens in the crypto industry. Summary Jasmy price surged by double-digits this week. The supply of&hellip;<\/p>\n","protected":false},"author":1,"featured_media":11608,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-19553","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19553","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=19553"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19553\/revisions"}],"predecessor-version":[{"id":19554,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/19553\/revisions\/19554"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/11608"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=19553"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=19553"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=19553"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}