With 98.8% Supply Circulating, JasmyCoin’s $0.01795 Breakout Faces Resistance Ahead

A long-term downtrend in JasmyCoin has ended which may indicate investors are growing more positive.

Even with this breakout, a drop in volume by over 8% shows investors are cautious at this time.

Since almost all the tokens are already circulating, some people believe that Jasmy’s future depends more on demand than scarcity.

Recently, JasmyCoin (JASMY) escaped a long period of decline and moved upward. According to how the market has been trading lately and technical signals, some experts believe that the asset is on the way to recovering in the short term. Some market participants are showing caution due to changes in volumes and the increasing supply currently.

Technical Breakout Signals Shift in Momentum

On the 3-day chart, JasmyCoin seems to have surpassed a resistance line that had kept prices declining since early 2025. The breakout followed a period of steady accumulation, during which buying increased slowly and the price struggled to rise over key supports. Even without confirming a reversal, the breakout added a bullish character to the overall bearish trend.

Source: Trading View

The token is currently trading at $0.01798, a modest 1.58%% down in the last 24 hours. Despite the recent dip, the asset has managed to trade higher than the breakout point, meaning the new support could be consolidating. Analysts note that a successful retest of this level can solidify a flip to higher prices.

Market Activity and Circulation Metrics Remain Mixed

JasmyCoin’s 24-hour trading volume sits at approximately $48.34 million, showing a decline of over 8% since the previous day. The token’s market cap stands near $888 million, with a fully diluted valuation closely aligned at $897.94 million. A circulating supply of 49.44 billion JASMY out of a total supply of 50 billion suggests limited minting risk, though it also indicates that most tokens are already in circulation—limiting potential scarcity-based growth.

While the number of holders has reached 92.73K, the volume-to-market cap ratio of 5.44% implies relatively low active turnover, hinting at possible investor hesitation despite the technical breakout.

Outlook Hinges on Volume and Macro Conditions

Though technicals hint at a reversal, broader adoption and increased market interest are necessary to sustain upward momentum. Without a corresponding rise in volume and participation, the breakout risks being a false signal. Analysts continue to advise monitoring resistance near the $0.020–$0.022 range and note that macroeconomic developments could heavily influence further movement.

JasmyCoin has made a notable technical move that could define its short-term direction. However, sustained confirmation through market activity and external factors remains crucial.