JasmyCoin rallies 15% despite lurking bears: Can Jasmy’s strength hold?

Over the last day, JasmyCoin (JASMY) has increased by 15%, leading to a total gain of 62% for the month. Despite this performance, market signals indicate potential bearish pressure.

The derivatives market saw 8.42 million USD, increasing Open Interest by 14%. However, a majority of short contracts exist, with 52% indicating a complex market situation, despite an overall cautiously optimistic sentiment.