JasmyCoin Price Rejected Despite Low Supply On Exchanges

Key Insights:

• JasmyCoin (JASMY) price faced a strong rejection zone, leading to a decline on the 3-day timeframe.
• JASMY coin supply on exchanges hit a multi-year low.
• Will JasmyCoin be delisted on Binance despite being 78th by market cap as of press time?

JasmyCoin price faced ongoing challenges in achieving a bullish reversal. This struggle occurred despite its supply ratio on exchanges reaching record lows. The low exchange supply indicated limited selling pressure, yet the price remains under strain.

Key Levels Crucial for JasmyCoin Price

JasmyCoin price was rejected heavily in the $0.01650–$0.01900 region, a solid supply zone on the 3-day chart. The area, which acted as support in mid-2024, became resistance following an extended downtrend.

The recent rejection sent Jasmy down to $0.01359, a substantial decline from the rejection point. The price dipped into a minor demand zone of around $0.01200. There, buyers could step in to prevent further declines.

JASMY displayed signs of a potential price reversal. Its price rebounded from the critical support zone of $0.01100–$0.01200.

If momentum strengthens above $0.01900, JasmyCoin price might aim for the previous high of $0.03000. Following that, it could approach the upper resistance range near $0.05000.

Failing to reclaim the $0.01650 level might lead to a downward correction. JasmyCoin price could retreat to the crucial demand zone of $0.00678–$0.00750.

This was a recovery situation after recovering the mid-range rejection zone. A breakout above it could confirm a bullish structure reversal. On the other hand, rejection from the same zone could signal continuation of the downtrend.

For now, the reaction around the $0.01650 level remained crucial for determining Jasmy’s direction into the latter part of 2025.

Jasmy Coin Supply on Exchanges

Additionally, the amount of JasmyCoin available on exchanges dropped significantly to a low level of 0.213. It is a point not reached for several years.

This decrease indicated that many JASMY tokens had been moved off exchanges. The last time the supply ratio was this low was in late 2022.

Long-term holding intentions are shown when investors move their tokens to cold storage. It also suggests they are not planning to sell anytime soon.

Previously, with fewer tokens on an exchange, prices appeared to push up. There were relatively few tokens available for purchase, and the demand remained constant or increased.

With fewer tokens available, more people wanted to buy than sell, pushing prices higher and creating a positive market trend.

JasmyCoin price might improve if there’s less pressure to sell, especially if more people repurchase it. When buyers bought at current levels, the supply pressure could push the price to key resistances.

Additionally, continued reduced supply in exchanges could signal a bigger shift in investor sentiment to accumulation. However, if this trend fails to generate new quality demand, the price might plateau or decline. This could be due to a dearth of speculative interest.

In addition, an unforeseen increase in exchange inflows would flip this script upside-down and generate selloffs. JASMY’s supply structure continued to be bullish. However, whether accumulation became genuine market momentum would finally dictate price direction.

JasmyCoin’s Future Under Binance Spotlight

JasmyCoin, alongside ZEC, secured a place among the top five tokens in Binance’s second round of token delisting voting. It garnered an impressive 8.6% of the total vote share.

Ranked 78th by market cap at press time, according to CoinMarketCap, JasmyCoin’s shortlisting sparked doubts about its sustained listing on the exchange. This situation has drawn attention to its future viability there.

FTT was in the lead with a rating of 11.1%, with ZEC and JASMY barely behind. GPS and PDA were also strong contenders with 8.2% and 7.6% ratings.

The outcome did not mean tokens would be deleted at once. However, they did indicate user opinions and how much attention tokens were getting. If JASMY were to be deleted, it might influence how often it’s traded and how popular it gets.