JasmyCoin trades at $0.0149 as bears push price below key averages

JasmyCoin (JASMY), a low-cap token associated with Japan’s push into Web3 and Internet of Things (IoT) data democratisation, is facing renewed selling pressure as broader crypto market sentiment remains indecisive.

At the time of writing, JASMY is trading at $0.0149, staying below all major moving averages and failing to attract enough bullish momentum for a breakout.

Source: CoinMarketCap

As Bitcoin consolidates sideways without a clear trend, altcoins like JASMY are struggling to regain ground.

JASMY trades below 20, 50, 100 and 200 SMAs

JASMY’s 4-hour chart shows that the token is trading under all the important simple moving averages (SMA): the 20 SMA at $0.01529, the 50 SMA at $0.01616, the 100 SMA at $0.01710, and the 200 SMA at $0.01738.

Even the short-term 9 EMA is currently at $0.01530—slightly above the spot price, highlighting that sellers continue to dominate the market.

This technical alignment suggests the path of least resistance is still downward. Despite temporary intraday spikes, the price has failed to sustain any upward momentum over the past few sessions.

As long as JASMY remains below these key averages, the likelihood of a bullish reversal remains limited.

RSI and MACD show weak but slightly improving signals

The Relative Strength Index (RSI) is currently at 37.94, which is below the neutral 50 level.

This indicates that bullish interest is weak but not entirely absent. The RSI has hovered in the lower band for several sessions, underscoring the lack of directional strength in the market.

Meanwhile, the Moving Average Convergence Divergence (MACD) indicator offers a potential early sign of change. The MACD line has moved to 0.00007 while the signal line is at -0.00057.

This minor crossover has turned the histogram slightly positive, suggesting the early stages of a shift in momentum. However, this remains speculative without confirmation from price action.

A MACD crossover without volume or strong price movement often results in false signals.

Support at $0.01500 holds but pressure builds

Support at $0.01500 has held across multiple trading sessions and is acting as a short-term floor for the token. If this level breaks, JASMY could test the next support zone around $0.01350.

On the upside, the immediate resistance to watch is the 9 EMA at $0.01530. A break above this would bring the 50 SMA at $0.01616 into view.

A move beyond these levels, particularly if accompanied by stronger performance in Bitcoin or renewed market interest in Japanese blockchain projects, could support a short-term recovery.

However, such a move would require broader sentiment improvement, which is currently lacking.

Bitcoin’s indecision adds to altcoin weakness

Bitcoin’s recent consolidation between tight ranges has created a stagnant environment for altcoins.

Without strong upward moves in BTC or Ethereum, small-cap tokens like JASMY have little macro-level support to reverse their trends.

This market indecision continues to weigh on speculative assets, and unless Bitcoin shows a decisive move, most altcoins will likely remain under pressure.

Despite its fundamentals tied to data security and decentralised identity solutions, JASMY’s technical structure remains firmly in bearish territory.

Traders may continue to exercise caution as long as the price fails to reclaim moving averages and confirm a trend reversal with volume.

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