Recently, JASMY's performance has been impressive, with the price soaring by 14%, making it a standout in the crypto market. What's more interesting is that over 80% of major holders are bullish on the future market, a level of consensus that is quite rare.
From a technical perspective, all signals are very positive— the RSI indicator is approaching the critical level of 70, and the ADX is also rising steadily, which usually indicates strong upward momentum. Liquidity is concentrated at certain price levels, and a further 10% increase shouldn't be a problem, with the target roughly around $0.0104.
However, caution is needed here. The signals from derivatives are less optimistic, as the funding rate has dropped to 0.0181%, indicating that there are still significant short positions in perpetual contracts. In the short term, this divergence could act as a ceiling for the rally, so it's important to watch out for the risk of a correction.
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Recently, JASMY's performance has been impressive, with the price soaring by 14%, making it a standout in the crypto market. What's more interesting is that over 80% of major holders are bullish on the future market, a level of consensus that is quite rare.
From a technical perspective, all signals are very positive— the RSI indicator is approaching the critical level of 70, and the ADX is also rising steadily, which usually indicates strong upward momentum. Liquidity is concentrated at certain price levels, and a further 10% increase shouldn't be a problem, with the target roughly around $0.0104.
However, caution is needed here. The signals from derivatives are less optimistic, as the funding rate has dropped to 0.0181%, indicating that there are still significant short positions in perpetual contracts. In the short term, this divergence could act as a ceiling for the rally, so it's important to watch out for the risk of a correction.