JasmyCoin Surges 12%, Breaking Its Range – Will This Rally Continue?

Summary:
JasmyCoin has recently experienced a significant price surge, gaining 12% as it breaks free from a lengthy descending trend. This article explores the factors behind its recent performance, including increased investor activity in the Futures market and the dynamics of profit-taking.

Key Takeaways

JasmyCoin surged 12% and broke its prior downtrend, reaching a high of $0.01.
The altcoin's market cap rose to $465 million with a trading volume increase of 375%.
Increased activity in the Futures market, including a rise in derivatives volume, played a crucial role in JasmyCoin’s breakout.
Selling pressure began to emerge, raising concerns over the sustainability of the recent gains.

JasmyCoin Surges 12%, Breaking Its Range – Will This Rally Continue?

JasmyCoin Hits a Two-Month High

Throughout the last quarter of 2025, JasmyCoin [JASMY] was trading within a descending channel, negating gains from earlier in the year. As 2026 began, the altcoin displayed bullish signals and posted significant increases over a span of seven consecutive days. Eventually, JasmyCoin broke out of its long-term downtrend and effectively mitigated most of its losses from November and December.

At its peak, JasmyCoin rose by 35.14%, climbing from $0.0074 to a new two-month high of $0.01, although it later experienced a minor retracement. As of now, JASMY is trading at $0.0091, reflecting a daily increase of 12.14%. Correspondingly, its market capitalization reclaimed a position in the top 100, reaching $465 million, with trading volumes soaring by 375% to $243 million.

What Triggered the Breakout?

The recent gains led to an influx of investors eager to capitalize on potential profits, particularly in the Futures market. Data from CoinGlass shows that derivatives trading volume skyrocketed by 1134%, hitting an annual high of $769 million. Open Interest rose by 87%, marking a four-month peak at $46 million.

Jasmy Derivatives Volume
Source: CoinGlass

The simultaneous increase in Open Interest and trading volume indicates a rise in market participation, suggesting that traders were either taking long or short positions. Consequently, significant amounts of capital flowed into the Futures market, with inflows amounting to $247.4 million, slightly exceeding outflows of $245.4 million, resulting in a Futures net flow increase of 378.5% to $2 million. This trend signals heightened activity related to leverage and traders' directional bets.

Jasmy Futures Flows
Source: CoinGlass

Profit Realization Soars

As anticipated, the market hit a recent high, prompting investors and holders who had been at a loss to sell and realize gains. According to Coinalyze, on January 6, there was a surge in buying activity, leading to a Buy Volume increase to 3.09 billion.

JasmyCoin Buy/Sell Volume
Source: Coinalyze

However, the market dynamics shifted drastically on January 7, with a rise in Sell Volume to 742 million compared to 697 million for Buy Volume. This trend culminated in a negative Buy/Sell Delta of -45 million, indicating aggressive selling pressure.

Is JasmyCoin’s Rise Sustainable or a Temporary Spike?

JasmyCoin has witnessed a remarkable influx of capital, leading to its breakout as traders strategically entered the Futures market. This surge in trading activity caused the altcoin's Stochastic RSI to hit 100, entering the oversold territory, before dropping to 93 and forming a bearish crossover.

This bearish movement implies potential weakness, as sellers began to realize profits. Although the upward momentum is still present, the risk of a pullback is substantial due to increasing seller activity.

JASMY Stochastic RSI
Source: TradingView

These market conditions illustrate a fierce competition between buyers and sellers. The future trajectory of JASMY will largely depend on which group gains control.

If Futures demand remains robust, JASMY could maintain its upward trend, retake the $0.01 mark, and possibly aim for $0.011. Conversely, if profit-takers dominate the market, the altcoin may encounter downward pressure, possibly retreating to $0.0086.