JASMY appears trapped within the main downtrend despite a limited weekly +0.91% rise; consolidation around $0.01 signals testing of critical supports. For position traders, a cautious stance should be prioritized unless the main trend breaks.
JASMY in the Weekly Market Summary
JASMY completed the week in a narrow range at the $0.01 level (+0.91% change), following a sideways trajectory. Volume profile remained low at 21.80M$, while RSI at 41.93 reflects neutral-bearish momentum. MACD histogram is neutral at the zero line, but price below EMA20 gives a bearish short-term signal. The main trend is downward, with BTC weakness in the broader market pressuring altcoins. In this context, JASMY is experiencing consolidation in the downtrend phase in the big picture; no positions should be taken without a breakout. For more detailed data, check the JASMY Spot Analysis page.
Trend Structure and Market Phases
Long-Term Trend Analysis
The long-term trend structure exhibits a clear downtrend character; falling highs and lows formation dominates on higher timeframes (1W/1M). Price is testing the upper band of the main downtrend channel near $0.01, but the trend filter maintains a bearish signal. From a market cycle perspective, the distribution phase has continued since the 2025 peaks; recent mild recovery is insufficient for a trend change. For portfolio managers, the trend remaining intact (above $0.0055 support) indicates the downtrend is ongoing. This structure requires patience for position trading; early long positions are risky.
Accumulation/Distribution Analysis
Examining accumulation/distribution patterns, the current consolidation is low-volume and narrow-range; it does not show typical accumulation phase characteristics. On the contrary, the sideways movement around $0.01 may signal smart money preparing for distribution – especially with no RSI divergence. Volume profile at 21.80M$ confirms weak buyer interest. According to Wyckoff methodology, there is no signal of transition from markdown phase to re-accumulation; distribution patterns are emerging. Strategically, volume increase and support holding should be awaited for accumulation.
Multi-Timeframe Confluence
Daily Chart View
On the daily chart, price continues the bearish short-term trend below EMA20; strong confluence with 2 supports/3 resistances on 1D timeframe. RSI 41.93 is near oversold but momentum is weak. MACD neutral, histogram at zero; potential bearish crossover risk exists. Main support at $0.0055 (71/100 score) aligns with daily pivot. This view emphasizes an inflection point for positions, not short-term traders: bearish bias dominant unless $0.0057 resistance breaks.
Weekly Chart View
From a weekly perspective, downtrend intact; strong confluence with 2S/3R levels on 1W (total 13 levels across TFs). Price within weekly channel but under pressure from BTC dominance. Supertrend confirms bearish filter. In the long-term view, $0.0074 resistance is the main barrier; volume required for breakout. Multi-TF confluence provides a clear framework for strategic traders: weekly close above $0.01 necessary for bullish bias.
Critical Decision Points
Main supports: $0.0055 (71/100, strong confluence), $0.0051 (64/100). Breakdown extends downside risk to $0.0029 (22 score). Resistances: $0.0057 (71/100, first test), $0.0067/$0.0074 (61-67 scores). Upside objective $0.0081 (31 score). These levels define market structure; holding above $0.0055 preserves the trend, below triggers bearish breakdown phase. R/R ratio strategic: 1:2+ for longs, 1:3 potential for shorts. Follow JASMY Futures Analysis for futures trading.
Weekly Strategy Recommendation
In Bullish Case
Bullish scenario: If $0.0057 resistance breaks on weekly close, move to $0.0067-$0.0074 range expected; target $0.0081. Long positions above $0.0055 support, stop-loss below $0.0051. Volume increase and RSI>50 confirmation required. For position traders, partial entry with BTC stabilization; max risk 2-3%. If this scenario plays out, signal for entry into accumulation phase.
In Bearish Case
Bearish scenario: If $0.0055 support breaks, quick test to $0.0051, then downside to $0.0029. Short positions after resistance rejection, stop above $0.0067. Trend structure supports downtrend; distribution continuation likely. For cautious portfolios, hedge or wait-and-see. Visit the JASMY and other analyses section for all analyses.
Bitcoin Correlation
BTC at $62,961 level with -3.24% drop in downtrend; supertrend bearish. Altcoins like JASMY highly correlated (0.8+), cascade effect expected in alts if BTC supports $62,910/$60,000 break. JASMY long bias risky unless BTC resistances $64,657/$66,490 surpassed. Strategic watch: BTC below $60,000 triggers JASMY $0.0055; rising dominance accelerates alt selling.
Conclusion: Key Points for Next Week
To watch next week: $0.0055 support test and $0.0057 resistance reaction; BTC $62,910 close. Volume profile and RSI divergence main indicators. Bearish stance if trend unbroken, partial long on confluence breakout. For position traders, macro BTC context priority; avoid early moves.
This analysis uses Chief Analyst Devrim Cacal’s market views and methodology.
Source: https://en.coinotag.com/analysis/jasmy-technical-analysis-24-february-2026-weekly-strategy
