Jasmy Price Forms a Risky Pattern: Can It Fall 22%?

Is JasmyCoin, popularly known as Japan’s Bitcoin, headed for a significant correction? Current technical analysis suggests Jasmy price forms a risky pattern, raising concerns about a potential 22% drop.

JasmyCoin (JASMY) has experienced a tumultuous few days. JasmyCoin's price dropped sharply on Tuesday after forming a double-top pattern and amid shifting sentiment in the crypto market. JasmyCoin (JASMY) fell to an intraday low of $0.035, and further losses are possible.

Bearish Breakdown Risk: Double-Top Pattern and Whale Dumping

JasmyCoin is at risk of a bearish breakdown after forming a risky pattern, and as whales continue dumping. This pattern, coupled with shifting sentiment in the crypto market, paints a concerning picture for JASMY holders. JasmyCoin price has suffered a harsh reversal in the past few days, erasing some of the strong gains it made last week. JASMY was trading at $0.015 on Monday morning, much lower than its recent highs.

Key Support Level: $0.028 in Sight?

JasmyCoin's price has experienced a significant decline due to the formation of a double-top pattern and a shift in market sentiment. There is a risk the token could drop to $0.028, the key support level last seen on December 20. This scenario would be confirmed if JasmyCoin breaks below the ascending trendline linking recent lows.

The Last Bull Run: A History Lesson

It's important to remember past performance. Jasmy formed a golden cross—the opposite of a death cross—in November 2025, leading to a 788% rally. However, if this death cross happens, there is a risk that the token will continue its downward trajectory.

Will Jasmy Bounce Back?

After hitting rock bottom, the JASMY price started showing signs of life. Buyers began accumulating coins at these low prices. In late 2025 and early 2025, JASMY finally showed resilience. The question now is whether current buying pressure is enough to overcome the bearish pattern and prevent a further 22% decline.