JASMY Trades Near $0.0087 as Weekly Close Focus Shifts to Key Zone

CryptoNewsLand
JASMY1,64%
BTC4,47%
ETH7,8%
  • JASMY has been trading at $0.008784 following a 4.3 per cent drop in a day.

  • Price remained within the support of $0.008466 up to the resistance of $0.01003.

  • BTC and ETH pairs reported an increase even when the dollar is weak.

JasmyCoin was still on the defensive side since the price action continued to stay within an established technical range. The stock was at a price of $0.008784, which is a 4.3 percent fall in 24 hours. The price action was still fluttering at the support level of just above the $0.008466 that formed the bottom line of the current range. But the market could not re-take the $0.01003 resistance and limit the upside movement. The structure concentrated on the yellow area marked in the weekly chart where traders kept eyeing closing behavior.

Repeated Tests of the Yellow Zone Keep Weekly Structure Intact

Price action showed repeated interaction with the yellow zone, reinforcing its technical relevance. It is worth noting that JASMY has tested this area several times over the past sessions. Individual tests led to transitory responses as opposed to continuity.

$JASMY must close weekly candle above this yellow zone. pic.twitter.com/EDnx3RRPTZ

— Team LAMBO (@TehLamboX) January 7, 2026

The most recent pullback resumed the price at this point again. Consequently, the market was still vulnerable to the weekly closing behavior. The weekly close beyond this zone kept the prevailing set up intact. This arrangement put this bigger movement in price into perspective over shorter periods.

Tight Dollar Range Persists as JASMY Shows Relative Strength Against BTC and ETH

JASMY has moved in a tight band in the past 24 hours, supported by the levels of $0.008466 and limited by the levels of the resistance at $0.01003. The price did not however stabilize more than the intraday highs.

Sellers maintained control near resistance, while buyers defended the lower boundary. This balance limited volatility following earlier price movement. Consequently, market activity concentrated around established levels. This tight range provided context for cross-pair performance, which showed a different picture.

The dollar-based weakness saw JASMY gain against major assets. Compared to Bitcoin, the token was trading at 0.079558 BTC, which is equivalent to a 2.0 percent growth. Meanwhile, JASMY went up against ethereum, changing at 0.052735 ETH, which was up by 3.2%. Such coupled gains were in contrast to the U.S. dollar decline. However, price behavior remained constrained by technical levels. This divergence linked dollar pressure with relative stability across alternative trading pairs.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

Bitmine gets promoted to the NYSE main board! Tom Lee: US stocks may have bottomed out, and sell pressure on Ether could ease

Bitmine has officially moved from the NYSE American board to the main board, marking an important milestone for the company. Despite the sharp decline in its share price, it has still increased the share repurchase plan amount to $4 billion. The company holds a large amount of Ethereum, and it expects that a rebound in the crypto market will help boost its assets and share price performance.

CryptoCity38m ago

Why Is Bitcoin Up Today? Hormuz Blockade Triggers Short Squeeze and a BTC Test of $75k

On April 13, Bitcoin rose from its early-session low of 70,741 to trade as high as $74,900 during the session, approaching the $75,000 level. The main drivers came from two directions: after Trump ordered the blockade of the Strait of Hormuz, traders began to view Bitcoin as a geopolitical hedge asset; and a massive net short position that had been building as funding rates stayed persistently negative was met with liquidation, triggering a chain of liquidations totaling millions of dollars near the $70,000 support level.

MarketWhisper2h ago

Bitmine gets promoted to the NYSE main board! Tom Lee: U.S. stocks may have bottomed out, and Ether’s selling pressure may ease

Bitmine has officially moved from the NYSE American board to the main board in the United States, marking an important milestone for the company. Despite a sharp drop in its stock price, it has still increased its share repurchase authorization to $4.0 billion. The company holds a large amount of Ether, and it predicts that a rebound in the crypto market will help boost its assets and stock price performance.

CryptoCity3h ago

U.S. stocks have recovered the losses since the Iran war, while Bitcoin pushes up to 74K

Due to market expectations that the United States and Iran will reach an agreement, the S&P 500 index has rebounded to its highest level since the war, and Bitcoin has also surged to $74,900. Despite the failure of peace talks between the U.S. and Iran, the U.S. has imposed a maritime blockade to pressure Iran. MicroStrategy once again made a large-scale purchase of Bitcoin, indicating that investor confidence is picking up.

ChainNewsAbmedia3h ago

BTC 15-minute surge up 0.77%: Spot buy-side demand and on-chain activity convergence drive short-term strength

2026-04-13 22:00 to 2026-04-13 22:15 (UTC), the BTC price fluctuated upward within 15 minutes, with a return of +0.77%. The high and low prices in the range were between 73178.0 and 73899.0 USDT, and the amplitude was 0.99%. During the event, market attention increased, volatility slightly intensified, and overall sentiment leaned positive. The main driver behind this price deviation was active spot market buy orders stepping in, which pushed the BTC price higher in the short term. The number of active addresses on-chain remained at a high level, reflecting an increase in genuine trading demand. Trading volume was higher than in the previous period,

GateNews5h ago
Comment
0/400
No comments