JasmyCoin (JASMY) Price Prediction: Daily volume surges by 500%, Whale getting on board "squeezes" trigger a pump.

JasmyCoin (JASMY) welcomes a new wave of pump, with the European morning report today (21st) at 0.01993 USD, and a single-day volume surge of over 500%, making its performance second only to Conflux (CFX), becoming one of the largest Crypto Assets in the market.

As traders shift their attention back to low-market-cap altcoins, JASMY is regaining attention due to its bullish chart patterns, large wallet activity, and its role in the field of artificial intelligence technology.

According to data from CoinMarketCap, about 53% of the total circulation of JASMY in July flowed into whale wallets. At the same time, exchange reserves have fallen to their lowest point since 2024. With reduced exchange supply and an increase in strong holders, this combination could lead to typical price compression. As the number of tokens available for purchase decreases, upward pressure continues to rise.

The recent pump has also occurred against the backdrop of a surge in the overall price of altcoins. Last month, the dominance of altcoins rose by 229%, while Bitcoin's market share fell to 59.98%. The rotation from Bitcoin to small-cap tokens has provided shining space for tokens like JASMY.

As more and more traders focus on artificial intelligence-related projects and Web3 infrastructure projects, JASMY has seized the right opportunity at the right time.

JASMY Price Technical Breakthrough and Fibonacci Targets

According to the chart analysis shared by top analyst Ron Pogi on X, the price of JASMY has re-entered a key consolidation area, commonly referred to as the Gann Box.

JASMY has also formed a double bottom pattern, which is usually seen as a bullish reversal signal. The neckline of this pattern is located in the range of 0.0226 to 0.024 USD, and analysts are watching this level to confirm the ongoing upward momentum.

The same chart shows a set of Fibonacci extension targets. These targets are 0.09059 USD ( 1.618 USD ), 0.1415 USD ( 2.618 USD ), 0.19241 USD ( 3.618 USD ), and 0.22387 USD ( 4.618 USD ). These levels overlap with previous breakout points from 2021 and 2022.

If the price of JASMY maintains its current trend and breaks through the neckline, these extensions may become medium to long-term technical levels that need to be monitored.

(Source: Trading View)

JASMY volume surges and market sentiment

The volume data supports the ongoing price trend. JASMY's latest round of pump is accompanied by a surge in volume, with daily trading volume increasing by more than five times.

This growth aligns with the explanation that previous phases of volatility have eliminated weaker positions, as noted by analysts tracking long-term wallet behavior.

Saiyan1Kl pointed out in a tweet that JASMY faced resistance at the level of 0.0202 USD, and the market capitalization is approaching 1 billion USD again. After the price fell back to 0.0186 USD, it continued to rise, indicating that the bulls are still active within a developing range.

JasmyCoin AI Testnet and Industry Catalyst

Another potential catalyst is JASMY's layout in the artificial intelligence infrastructure sector. The ongoing development of the JANCTION Layer2 testnet, which utilizes NVIDIA edge chips, has attracted the interest of speculative traders focused on artificial intelligence.

Although no major partnerships have been confirmed yet, collaboration in the field has made JASMY a key player in the popular discussions surrounding the fusion of blockchain and artificial intelligence.

Currently, technical factors, market structure, and trend themes are collectively influencing the price trend of JASMY. The price trend indicates that both retail and large investors are starting to get involved. There are still some resistance levels ahead, but in the short term, momentum is clearly leaning upwards.