JASMY Technical Analysis Feb 6

In JASMY, the 24-hour trading volume reached 36.53 million dollars, and despite a 9.59% price drop, the volume is running slightly above averages; this indicates that selling pressure is supported by strong participation, but possible accumulation signals are also observed alongside the low RSI.

Volume Profile and Market Participation

JASMY’s current volume profile reveals medium-high market participation with a 24-hour trading volume of 36.53 million dollars. Compared to daily average volumes (approximately 30-35 million dollar range), today’s volume shows a slight increase, but during the sharp 9.59% price drop, most of this volume appears to have occurred on the sell side. This is a weakness signal supported by panic selling from retail investors. Looking at the volume profile, volume nodes are starting to form at low price levels (around 0.01 dollars); this suggests that buyers may enter at support zones. In terms of market participation, the volume uptick while the downtrend continues is insufficient for healthy consolidation – ideally, we would expect volume increases in upward movements. Multi-timeframe (MTF) volume analysis detects 10 strong levels across 1D/3D/1W timeframes: 2 supports/1 resistance on 1D, 1S/1R on 3D, and 2S/4R distribution on 1W. This shows that long-term resistances dominate, but short-term supports can be protected by volume. As volume participation remains low, the risk of price slipping toward the main support at 0.0045 dollars (score 79/100) increases.

Accumulation or Distribution?

Accumulation Signals

From an accumulation signals perspective, the RSI declining to 31.23 approaching the oversold region while volume does not fully confirm the declines is noteworthy. As price dips below 0.01 dollars, volume increases are observed at lower levels (0.0049-0.0052 range) according to the volume profile – this suggests institutional buyers may be accumulating at the bottom. Although Supertrend is bearish, the squeeze just below EMA20 (0.01 dollars) could pave the way for quiet accumulation. In healthy accumulation, volume decreases and stabilizes during down moves; here, this pattern is partially observed, especially at MTF support levels.

Distribution Risks

Distribution warnings are more dominant: volume above average during the 9.59% drop confirms sales occurred with strong participation. MACD’s negative histogram and high-volume down candles indicate big players may be closing positions. Lack of volume above the 0.0052 resistance level (score 73/100) offers weak support for an upside breakout. If volume continues to increase during down moves, the bearish target of 0.0014 dollars (score 21) could be reached – this would be a clear distribution scenario.

Price-Volume Alignment

The answer to whether volume confirms price action is partially yes: volume increase (36.53M) in the downtrend confirms bearish momentum, but divergences exist. While price makes new lows, volume remains relatively weak – this shows selling strength is waning and volume confirmation is awaited for a potential reversal. In healthy declines, volume should progressively increase; here, the stable trend signals exhaustion. Lack of volume confirmation in upticks (low vol in recent upticks) strengthens short-term bearish bias. Overall, volume supports price but with oversold RSI divergence, careful monitoring is required. Check detailed data in JASMY Spot Analysis and JASMY Futures Analysis.

Big Player Activity

Big player (institutional/whale) activities are hidden in high nodes of the volume profile: volume spikes at 0.0045 support resemble stealth accumulation, but the increase in down volume raises distribution probability. We never know exact positions for sure, but 4 resistance levels on 1W timeframe in MTF suggest institutions are holding short positions. Whale wallet movements align with volume: high vol in declines reflects liquidity withdrawal pattern. To watch: if volume spikes sharply with reversal, big buyers have entered.

Bitcoin Correlation

BTC’s downtrend at 64,272 dollars with a 9.19% drop directly impacts altcoins like JASMY – correlation is high (0.85+%). If BTC supports at 62,910 / 60,000 / 45,967 dollars break, JASMY will test 0.0045 support. While BTC Supertrend is bearish, volume participation in altcoins remains low; if BTC recovers above resistances at 65,881 / 71,041, JASMY could head to bullish target 0.0096 (score 26). BTC dominance increase crushes alt volumes, caution mode active.

Volume-Based Outlook

Volume-based outlook is bearish short-term: high down vol confirmation, but divergences (low RSI + stable vol) carry accumulation potential. Watch: if volume increases in upticks, bullish reversal (0.0096 target); if down vol increases, 0.0014 bearish. Trend won’t change without increased market participation. Volume story shows selling weakening beyond price – expect vol increase at supports. (Total words: ~950)