JASMY drops 7% – Will bulls defend key support or risk a 15% slide?

JASMY is down 7.1%, reflecting negative sentiment among investors. The asset is currently poised at a key support level which could lead to a reversal or further losses.

The support zone at 0.0124 USD is critical. If it fails, JASMY could drop by 15% to 0.0120 USD, or even more to 0.00822 USD, indicating a potential decline of 27%.

Bearish signals are present in the market with the RSI at 41.81. However, positive netflows suggest some accumulation, indicating that JASMY might maintain its support under current selling pressures.

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