JASMY’s 14% plunge sparks selloff – Is this the end? THIS data says…

Key Points

1. JASMY's price fell 14% in 24 hours after a 22% gain over the past month, with rising long liquidations and aggressive token distribution.

2. Fibonacci Retracement indicates a potential support zone at $0.01714, which could trigger a rebound if demand increases.

3. Derivative traders are positioned for further downside, increasing risk for spot buyers, as shown by the Taker Buy/Sell Ratio of 0.88 and liquidation data.

4. The Accumulation/Distribution (A/D) indicator shows a bearish outlook with negative 43.86 billion JASMY in trading volume, but a slight uptick in the A/D line and Chaikin Money Flow (CMF) suggests a potential shift.

5. Despite the bearish signals, early signs of a rebound are emerging, with the CMF trending upward, indicating possible short-term recovery.