Jasmy Coin Price Jumps! What’s Fueling It—Is Binance Involved?

Jasmy Coin Records Sharp 17% Surge: Is Binance the Catalyst?

In a dramatic turn of events, Jasmy Coin has captured investor attention after experiencing a sudden price surge of 17.20% within just 24 hours, pushing its value to $0.01448 according to data from CoinMarketCap. The unexpected rally brought its market capitalisation to over $716 million, with trading volume soaring to $220 million—more than double its previous day’s activity.

This sharp movement comes after weeks of relative price stagnation and has prompted renewed speculation across the cryptocurrency community. The key question now is whether this is a short-term speculative spike, or the beginning of a more sustained upward trend.

What’s Behind Jasmy Coin’s Sudden Rally?

There appear to be three main drivers behind the recent rally—each contributing to a perfect storm of investor interest, technical momentum, and market speculation.

1. Binance Delisting Speculation Turns Into Opportunity

Ironically, what could have been a bearish signal sparked a surge in market optimism. Binance, one of the world’s largest cryptocurrency exchanges, recently announced a new round of its delisting vote—featuring Jasmy Coin alongside tokens like FTT and VOXEL. The vote, held on Binance Square between April 10 and April 16, allows the community to determine whether these assets remain listed.'

In most cases, the threat of delisting creates downward pressure on a token’s price. However, the Jasmy community responded with resilience, and traders seized the volatility as a trading opportunity. This counterintuitive move caught many off guard and led to a sudden uptick in buying interest, creating a bullish reversal in the short term.

2. Whale Accumulation Suggests Insider Confidence

On-chain data further revealed a significant increase in activity from large wallet holders—commonly referred to as "whales." These investors typically accumulate assets during periods of low volatility, suggesting a level of confidence in the token’s future performance.

Unlike retail traders who often follow price momentum, whales tend to position themselves early, making their accumulation a signal closely watched by market analysts. Their activity helped fuel trading volume, encouraging broader market participation and driving the token’s price even higher.

3. Bullish Technical Indicators Confirm Upward Momentum

Technical indicators also support the notion that Jasmy Coin’s recent gains are not merely driven by hype. The Relative Strength Index (RSI) has climbed to 61.15, indicating growing bullish momentum without yet entering the overbought zone. Furthermore, the Moving Average Convergence Divergence (MACD) has just formed a bullish crossover—historically a signal of a potential sustained uptrend.

Daily trading volume surged to 11.41 million, far above average levels, confirming strong buying interest. These factors, when combined, suggest that the rally is backed by more than just speculative excitement.

Jasmy Coin Price Forecast: Where Is It Headed?

In the near term, analysts expect volatility to persist. Should the bullish sentiment continue, Jasmy Coin could test resistance in the $0.018 to $0.020 range over the next one to two weeks. However, given the sharpness of the rally, a retracement to the $0.012–$0.013 support zone is also plausible, particularly if short-term holders begin to realise profits.

Over a longer horizon—between one to three months—favourable market conditions could propel the token toward $0.025 to $0.030. A decisive break above $0.0225 would likely confirm a trend reversal and signal the beginning of a broader bull run.

From Dormancy to the Spotlight

After a prolonged period of relative quiet, Jasmy Coin has once again found itself in the spotlight. The convergence of whale activity, positive technical trends, and community engagement on Binance has brought the token back into conversations among traders and analysts alike.

Whether this momentum translates into long-term success remains to be seen. For now, what is certain is that Jasmy Coin has reclaimed relevance in a crowded market—emerging as one of the week’s most watched altcoins.

Writer @Ellena

Ellena is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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