$JASMY Could Rally 40% — But One Major Risk Comes First
JASMY is showing a rare combination of improving fundamentals and an interesting technical setup, but short-term risk remains elevated.
On the fundamental side, the collaboration between Jasmy, Panasonic Advanced Technology and Jasmy Lab on the Smart Render distributed GPU service is a positive catalyst. At the same time, around 98.9% of the 50B max supply is already circulating, significantly reducing future dilution risk.
However, risks remain. JasmyChain adoption is still relatively limited, whale concentration remains high, and the Upbit and Bithumb delisting scheduled for September 14 could increase volatility and selling pressure.
Technically, JASMY reacted strongly from its Support Zone. From an Elliott Wave perspective, the weekly corrective Zigzag structure may already be complete, while positive divergence is visible across price, volume and several indicators.
As long as the Support Zone holds, I believe JASMY could potentially gain at least 40% over the coming days and weeks.
Key Levels: $0.0058 and $0.0063
A confirmed breakout above them could open the path toward $0.0073.
A lower-timeframe pullback may still offer a better entry, so risk management remains essential.
Can JASMY overcome the delisting pressure and start a 40% recovery?
#jasmy
JASMY is showing a rare combination of improving fundamentals and an interesting technical setup, but short-term risk remains elevated.
On the fundamental side, the collaboration between Jasmy, Panasonic Advanced Technology and Jasmy Lab on the Smart Render distributed GPU service is a positive catalyst. At the same time, around 98.9% of the 50B max supply is already circulating, significantly reducing future dilution risk.
However, risks remain. JasmyChain adoption is still relatively limited, whale concentration remains high, and the Upbit and Bithumb delisting scheduled for September 14 could increase volatility and selling pressure.
Technically, JASMY reacted strongly from its Support Zone. From an Elliott Wave perspective, the weekly corrective Zigzag structure may already be complete, while positive divergence is visible across price, volume and several indicators.
As long as the Support Zone holds, I believe JASMY could potentially gain at least 40% over the coming days and weeks.
Key Levels: $0.0058 and $0.0063
A confirmed breakout above them could open the path toward $0.0073.
A lower-timeframe pullback may still offer a better entry, so risk management remains essential.
Can JASMY overcome the delisting pressure and start a 40% recovery?
#jasmy
