Matthew Dixon - Veteran Financial Trader
@mdtrade · Oct 25, 2025
Despite some understandable disappointment in #JASMY performance to date, the future is looking brighter for now.
The chart shows a downtrend from early 2025, followed by what appears to be a long consolidation phase near the $JASMY $0.01 zone.
Price has retested the same support area ($0.008–$0.009) multiple times and is currently sitting just above it — this suggests a strong demand zone.
Each test of this area has been followed by short-term bounces, implying buyers are defending this level.
The 0% Fibonacci level ($0.008) aligns with the key structural support.
Multiple Fib retracements converge between $0.014–$0.018, marking the first resistance zone if price begins to recover.
The 0.382–0.618 retracement zone ($0.014–$0.018) will likely act as a mean-reversion area and strong profit taking could occur here.
RSI is around 44, near the neutral zone but trending slightly upward after dipping into oversold territory.
This suggests bearish momentum is waning, and a short-term reversal could be forming.
If RSI crosses 50 with strength, that would confirm a bullish shift in momentum.
Bullish Case is more likely if support holds.
If the $0.008–$0.009 level continues to hold, JASMY could base out and start a new upward leg.
Target zones:
First resistance: $0.013–$0.014
Next: $0.016–$0.018 (key Fib confluence)
Longer-term breakout target: $0.022+
Bearish Case if support fails:
A clean break below $0.008 could lead to another capitulation wave, potentially revisiting $0.0065–$0.007.
However, RSI and prior reactions suggest this is less likely near term unless Bitcoin sharply declines.
The chart shows a downtrend from early 2025, followed by what appears to be a long consolidation phase near the $JASMY $0.01 zone.
Price has retested the same support area ($0.008–$0.009) multiple times and is currently sitting just above it — this suggests a strong demand zone.
Each test of this area has been followed by short-term bounces, implying buyers are defending this level.
The 0% Fibonacci level ($0.008) aligns with the key structural support.
Multiple Fib retracements converge between $0.014–$0.018, marking the first resistance zone if price begins to recover.
The 0.382–0.618 retracement zone ($0.014–$0.018) will likely act as a mean-reversion area and strong profit taking could occur here.
RSI is around 44, near the neutral zone but trending slightly upward after dipping into oversold territory.
This suggests bearish momentum is waning, and a short-term reversal could be forming.
If RSI crosses 50 with strength, that would confirm a bullish shift in momentum.
Bullish Case is more likely if support holds.
If the $0.008–$0.009 level continues to hold, JASMY could base out and start a new upward leg.
Target zones:
First resistance: $0.013–$0.014
Next: $0.016–$0.018 (key Fib confluence)
Longer-term breakout target: $0.022+
Bearish Case if support fails:
A clean break below $0.008 could lead to another capitulation wave, potentially revisiting $0.0065–$0.007.
However, RSI and prior reactions suggest this is less likely near term unless Bitcoin sharply declines.