TLDR:
- JASMY remains in a long-term downtrend as price returns to its multi-year support zone between $0.006 and $0.007.
- RSI stays near oversold levels without divergence, showing momentum has not yet aligned with a bullish structure.
- A true reversal needs a break above $0.012 and a higher low forming above $0.008 with rising volume strength.
- Sideways accumulation is the most likely path as thin volume signals exhaustion but buyers remain uncommitted.
JASMY Coin trades near $0.006801 as market conditions keep the token anchored at its long-standing support band.
The price action continues to reflect a downward structure that has defined the asset for years. This environment places attention on what would be required for any credible trend reversal to emerge.
The market remains cautious, with the current movement returning to a familiar zone between $0.006 and $0.007. This level has acted as a recurring base, often producing extended periods of sideways action rather than sustained upside.
Current Structure Keeps JASMY in a Weak Position
Veteran trader Matthew Dixon noted that JASMY still follows a firm long-term downtrend.
He described the pattern as a cycle of sharp rallies that fully retrace, pushing the token back into the same horizontal support. This structure has repeatedly generated lower highs and lower lows, signaling that momentum remains limited.
Dixon pointed out that the $0.006–$0.007 zone represents a long-term flatline area where JASMY often enters multi-month consolidation phases.
These phases tend to include short upside wicks instead of strong follow-through, suggesting liquidity-driven spikes instead of sustainable trend development. With none of the requirements for structural strength such as a higher low or a break of a recent high appearing on the chart, the direction remains unchanged.
Trading volume on the latest drop has thinned, pointing to seller fatigue but also a lack of committed buyers.
This creates conditions where extended sideways movement becomes more likely. At the same time, the RSI sits in the mid-30s, close to oversold territory but still without any bullish divergence.
Past JASMY rallies pushed the RSI into much higher levels, establishing a clear gap between historical momentum and the current environment.
What Would Confirm a True JASMY Trend Reversal?
Dixon outlined key scenarios that shape expectations for the next phase of JASMY’s price movement.
The most probable outcome remains prolonged consolidation within the $0.006–$0.008 range. JASMY has historically stayed in similar bands for lengthy periods before any strong move develops, and current conditions mirror that pattern.
A short-term bounce could still occur if the RSI dips further and triggers temporary buying interest.
Such a move may push the token toward $0.009–$0.012, although it would not confirm a real shift in direction. For that confirmation, Dixon cited several structural requirements that have not yet appeared on the chart.
According to his assessment, a genuine trend reversal would require a break above $0.012, followed by a higher low forming above $0.008.
Additionally, sustained volume expansion and renewed momentum would be necessary for buyers to regain control. Without these developments, any upward movement would likely remain short-lived, keeping JASMY within its broader long-term downtrend.
The post JASMY Long-Term Downtrend Persists: Here Is What Would Signal a Real JASMY Trend Reversal? appeared first on Blockonomi.
Source: https://blockonomi.com/jasmy-long-term-downtrend-persists-here-is-what-would-signal-a-real-jasmy-trend-reversal/
