JASMY Technical Analysis Feb 3

JASMY’s 24-hour trading volume is hovering at the 19.07 million dollar level and remains low compared to recent averages; this situation shows that market participation is weak despite the price’s slight 2.99% rise, and the overall downtrend maintains its dominance. This volume silence hides potential accumulation signals while increasing distribution risks.

Volume Profile and Market Participation

JASMY’s current volume profile reveals that market participation is quite limited. The 24-hour volume at 19.07 million dollars is about 20% below the last 7-day average; this signals reduced overall market interest and investors staying on the sidelines. As the downtrend continues, with the price remaining below EMA20 ($0.01) and Supertrend giving a bearish signal, the low volume level reflects not a healthy consolidation but rather fatigued market participation.

According to volume profile analysis, strong support levels in the recent 1D and 3D charts are concentrated around $0.0055 (73/100 score) and $0.0059 (66/100), but volume nodes at these levels are weak – meaning buyers have not yet formed a strong defense. On the upside, the $0.0065 (82/100) resistance is critical in terms of volume; breaking it requires at least a 50% volume increase. With market participation low, especially among retail investors, large block trades are rarely seen, emphasizing overall liquidity issues.

Educational note: Volume profile shows ‘where the price has rested.’ High-volume nodes (HVN) indicate stability, while low-volume nodes (LVN) signal breakout potential. In JASMY, LVNs dominate at supports, increasing the risk of sudden drops.

Accumulation or Distribution?

Accumulation Signals

Positive signals for accumulation are limited but present. As the price stabilizes around $0.01, volume has decreased in recent drops – this resembles a classic Wyckoff accumulation phase. RSI at 40.21 is in the neutral zone and MACD shows a negative histogram, but volume is shrinking on drops; this could signal seller exhaustion. MTF (multi-timeframe) volume levels show 2 supports on the 1W chart, with $0.0055 to watch for potential bottom accumulation.

Clue on big players: A few large buy blocks ($100K+) in the last 3 days, but they haven’t pushed the price up – could be hidden accumulation, but no volume confirmation.

Distribution Risks

Distribution warnings are stronger. No volume increase on the slight 2.99% rise; this shows the upward move is weak and could be a trap. Volume spikes at resistances ($0.0065-$0.0074) indicate distribution – sellers closing positions near highs. Combined with bearish Supertrend and BTC decline, distribution phase risk is high.

Divergence analysis: Volume falling while price mildly recovers, bearish divergence – not signaling a healthy rally.

Price-Volume Harmony

Price action is not confirmed by volume. Volume stayed below average on the recent +2.99% change; in a healthy rise, volume should increase. On drops, volume is relatively high – bears holding control. Price below EMA20 and bearish MACD classifies the volume-less recovery as a ‘fakeout.’

Volume confirmation rule: Volume increase required for upside. Absent here, so current move is not sustainable. Targets: Bull $0.0096 (low probability, needs volume confirmation), Bear $0.0029.

Big Player Activity

Institutional-level activities are low. No net outflow from whale wallets, but inflows to exchanges have increased – potential selling pressure. Large block volumes (1M+ USD) only 3 in the last 24 hours, and at resistance tests. To watch: If $0.0055 support breaks, large sell orders could trigger.

Educational: Big players hide volume, but divergences give them away. JASMY’s price-volume mismatch says institutions are on the sidelines.

Bitcoin Correlation

BTC at $76,234 level with -2.90% drop in bear trend; altcoins like JASMY highly correlated (0.85%). If BTC supports $76,333-$72,946 break, JASMY’s $0.0055 support will be tested. If BTC resistances $78,739 broken, altcoin rally possible, but stay cautious with Supertrend bearish signal. If BTC dominance rises, JASMY distribution accelerates – follow JASMY Spot Analysis and JASMY Futures Analysis.

Volume-Based Outlook

Volume-based outlook is bearish-leaning neutral: Low participation supports downside, wait for volume increase for accumulation. Short-term, $0.0055 support critical; held with volume = accumulation, break = distribution. Long-term, if volume average rises 50%, bull target $0.0096 realistic. Lack of news highlights volume dynamics – trade carefully.