JasmyCoin (JASMY) 24-Hour Price Analysis: Bearish Momentum Lingers as Bulls Struggle to Hold Support

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JasmyCoin (JASMY) has entered a fragile phase, with the token battling persistent bearish sentiment in the past 24 hours. As of May 28, 2025, JASMY is trading at $0.01736, down 0.69% on the 4-hour chart provided by Bybit. This slight but consistent decline reflects an ongoing struggle by bulls to reclaim control after last week’s failed rally attempts. More critically, JasmyCoin appears to be slipping below multiple short-term support zones.

Short-Term Trend Signals Bearish Pressure

JASMY is currently navigating beneath several key exponential moving averages (EMAs), each of which is stacked in descending order—a classic bearish signal. The 20 EMA, now positioned at $0.01758, has turned into immediate resistance. Prices have also failed to sustain above the 50 EMA at $0.01780 and are currently sliding closer toward the 100 EMA, which sits at $0.01783.

This layered resistance implies that bulls are facing significant hurdles. The 200 EMA, located at $0.01731, is offering the last line of defence before further downside could open up. If this level breaks with volume, JASMY may revisit support levels last seen in early April.

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Consolidation Turning into a Breakdown?

Since the second week of May, JasmyCoin has traded sideways, showing signs of fatigue after failing to sustain the $0.02 breakout seen in late April. The current chart suggests that JASMY’s price is beginning to slip out of its horizontal range, a bearish development that may extend losses if not quickly reversed.

Notably, previous rallies were accompanied by volume surges and swift rejections near resistance levels. However, recent price moves lack similar momentum, further confirming weakening buying interest. The steady decline below the EMAs adds to the bearish outlook.

Support Holds… For Now

While the $0.01731 mark held by the 200 EMA remains critical, the next downside target lies near $0.01680, which previously acted as a rebound zone. Should that level break, the market may eye deeper support around $0.01550.

On the flip side, any short-term recovery must clear the 50 and 100 EMAs before a bullish setup can form. Traders would want to see a clear breakout above $0.01785, paired with rising volume, to signal that bulls are regaining control.

Price Outlook: Weak Momentum Suggests Caution

The prevailing sentiment around JASMY remains cautious. With all EMAs pointing downward and no immediate reversal pattern in play, the token faces an uphill battle. Unless a catalyst—technical or fundamental—emerges to shift momentum, the trend may continue drifting lower in the short term.

That said, patient traders could monitor for a potential bounce at or just below the 200 EMA, especially if volume increases. Otherwise, the broader outlook remains bearish, with risks currently outweighing the upside potential.