JasmyCoin [JASMY] has seen significant gains in the crypto market, driven by substantial whale accumulation, particularly from Binance. Despite this, liquidity flow indicates some market participants are betting on a drop in JASMY’s value. For the rally to continue, JASMY must break through the critical resistance at $0.01615, potentially leading to a 97% increase to $0.03196. However, technical indicators such as the Money Flow Index (MFI) and Relative Strength Index (RSI) suggest that buyers may be nearing exhaustion, which could result in a price decline. Additionally, the market trend favors short positions, with sellers paying premium fees to buyers. Overall, while whale accumulation supports JASMY, broader market sentiment may dictate its future performance.
— new from AMBCrypto
