JasmyCoin rallies 15% despite lurking bears: Can JASMY’s strength hold?
Main Idea
JasmyCoin (JASMY) has surged 15% in the past day and 62% monthly, but market data shows mixed signals with higher selling volume and potential short-term pullback risks.
Key Points
1. JASMY's price surged 15% in 24 hours and 62% monthly, reflecting bullish sentiment despite mixed market signals.
2. Nine out of 15 exchanges showed higher selling volume than buying, indicating bearish pressure.
3. $8.42 million in new capital flowed into JASMY’s derivatives market, with a 14% increase in Open Interest.
4. Derivatives data shows 48% long contracts vs. 52% short, suggesting possible short-term pullback risks.
5. Funding Rate remains positive at 0.0131%, indicating lingering bullish sentiment in derivatives markets.
Description
JASMY leads the market in gains, but this may not be a full confirmation of bullish momentum.
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