JASMY's performance over the past 8 hours has been quite impressive—price surged from 0.006840 to 0.008330, an increase of over 21%, with trading volume also remaining high. This is mainly supported by strong technical indicators.
Both EMA and MACD have given clear bullish signals, and the ongoing upward momentum of the token is quite convincing. This also explains why this rally has lasted so long. However, there is one point to watch—RSI has entered the overbought zone, and the Bollinger Bands are also showing prices approaching the upper band, indicating a short-term correction is increasingly likely.
From a volatility perspective, ATR and standard deviation have both risen significantly, indicating increased market volatility. In other words, such sharp fluctuations can easily catch traders off guard. More importantly, recent capital flow data has started to turn negative, with some large orders also pulling out, which usually suggests that the profit-taking phase following the previous gains has begun.
JASMY itself holds an important position in the Internet of Things infrastructure sector, and discussions around its data ownership model have been active. But in the short term, with overbought pressure, increased volatility, and capital starting to loosen, caution is advised at this point.
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RektRecorder
· 01-09 09:27
Relying on technical analysis? The big players have already exited, brother. The capital flow is negative, and you're still watching EMA?
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shadowy_supercoder
· 01-07 16:43
A 21% increase looks great, but the signal of capital fleeing is a bit strong. Large investors are running away while I'm still buying in?
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CountdownToBroke
· 01-06 11:51
A 21% increase looks great, but the big order has run away, so this wave is going to cool off.
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BoredStaker
· 01-06 11:51
It's the same old trick again... A 21% increase looks tempting, but what about large orders fleeing... I directly reduced my position to avoid getting trapped at the top.
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PhantomMiner
· 01-06 11:50
A 21% increase is indeed tempting, but be cautious as funds starting to go negative is not a good sign; large withdrawals are a warning.
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GhostAddressHunter
· 01-06 11:49
A 21% increase looks great, but the big players are starting to sell off. I need to reduce my position this time.
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BearMarketBuilder
· 01-06 11:44
A 21% increase is indeed attractive, but all the big orders are fleeing, and it feels like this wave might be retracing.
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YieldChaser
· 01-06 11:43
A 21% increase sounds great, but funds are fleeing... This wave is probably going to pull back.
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staking_gramps
· 01-06 11:41
A 21% increase looks great, but the RSI is already overbought and you're still hyping it? Didn't you see the big sell-off? This is a classic trap to lure more buyers, brothers.
JASMY's performance over the past 8 hours has been quite impressive—price surged from 0.006840 to 0.008330, an increase of over 21%, with trading volume also remaining high. This is mainly supported by strong technical indicators.
Both EMA and MACD have given clear bullish signals, and the ongoing upward momentum of the token is quite convincing. This also explains why this rally has lasted so long. However, there is one point to watch—RSI has entered the overbought zone, and the Bollinger Bands are also showing prices approaching the upper band, indicating a short-term correction is increasingly likely.
From a volatility perspective, ATR and standard deviation have both risen significantly, indicating increased market volatility. In other words, such sharp fluctuations can easily catch traders off guard. More importantly, recent capital flow data has started to turn negative, with some large orders also pulling out, which usually suggests that the profit-taking phase following the previous gains has begun.
JASMY itself holds an important position in the Internet of Things infrastructure sector, and discussions around its data ownership model have been active. But in the short term, with overbought pressure, increased volatility, and capital starting to loosen, caution is advised at this point.