Summary: JASMY’s 14% plunge sparks selloff – Is this the end? THIS data says…

JasmyCoin's Rollercoaster: Can a Glimmer of Hope Halt its Steep Decline? JasmyCoin (JASMY) has been on a wild ride, recently plummeting 14% in just 24 hours. This decline erased much of its 22% monthly gains. The cryptocurrency slammed into a major resistance wall at $0.01900. This level has historically triggered sharp pullbacks. Despite early signs of recovery, this hurdle proved too formidable, sending JASMY spiraling downward. Market indicators paint a largely bearish picture, suggesting tough times ahead for the "Japan's Bitcoin." Long traders have been decimated, with over $224,000 in liquidations underscoring the market's aggressive downside bias. The Taker Buy/Sell Ratio and Funding Rates firmly point to sellers dominating the derivatives market. Furthermore, the Accumulation/Distribution indicator remains deep in negative territory, confirming heavy token distribution. However, amidst the gloom, a subtle shift is emerging, hinting at a potential lifeline. JASMY has entered a critical support zone around $0.01714. This level could ignite a much-needed rebound if buyer interest materializes. Intriguingly, buying volume has begun to tick upward. Both the Accumulation/Distribution line and Chaikin Money Flow show minor upticks. This suggests a quiet, underlying accumulation at current support levels. While the immediate outlook remains highly risky, with derivatives traders bracing for further declines, sustained buying pressure could offer a short-term reprieve for JASMY, preventing it from becoming a "bag holder" nightmare. The question remains: will this nascent interest be enough to defy the strong bearish current?