Through the fourth quarter, JasmyCoin [JASMY] traded within a descending channel, erasing all the gains made earlier in 2025.
As 2026 kicked in, the altcoin showed bullish momentum and recorded significant gains for seven consecutive days.
In fact, after a prolonged downtrend, JasmyCoin finally made a clean breakout and cleared most of November and December losses.
As such, the altcoin jumped 35.14% from $0.0074 to a two-month high of $0.01, then slightly retraced. At press time, JASMY traded at $0.0091, up 12.14% on the daily charts.
Over the same period, its market cap reclaimed the top 100 spot, hitting $465 million, while volume surged 375% to $243 million.
But what triggered the altcoin’s breakout?
JasmyCoin hits a 2-month high
As JasmyCoin made gains for consecutive days, investors jumped into the market to position themselves, fearing they might miss out. These investors mostly rushed into the Futures market.
According to CoinGlass, derivatives volume climbed 1134% to a yearly high of $769 million. At the same time, its Open Interest jumped 87% to a four-month high of $46 million.
With OI and volume having jumped in tandem, it signaled increased participation in the Futures, either taking long or short positions.
As a result, significant capital was deployed into the Futures. In fact, Futures inflows jumped to $247.4 million compared to $245.4 million in outflows.
This saw Futures netflow jump 378.5% to $2 million, a clear sign of increased capital for leverage, hedging, and traders’ directional bets.
Profit realization skyrockets
As expected, the market jumped to a recent high; investors and holders who had been underwater rushed into the spot market and cashed out.
According to Coinalyze, on the 6th of January, buyers stepped into the market and increased positions, with Buy Volume rising to 3.09 billion.
However, this market behavior shifted drastically on the 7th of January as sellers accelerated expenditure. As such, Sell Volume rose to 742 million compared to 697 million in Buy Volume.
As a result, the altcoin recorded a negative Buy Sell Delta of -45 million, a clear sign of aggressive spot selling.
Can JASMY be sustainable or a mere bubble?
JasmyCoin recorded massive capital flow, leading to a breakout as traders rushed into the Futures market to position themselves strategically.
For that reason, the altcoin’s Stochastic RSI jumped to 100, hitting the oversold zone, then fell to 93 and made a bearish crossover.
A bearish move here suggested weakness, as sellers started to cash out. Thus, while the upside momentum remains elevated, the risk of a pullback remains high, especially with sellers increasingly active.
These market conditions indicated a fierce battle between bulls and bears for control. Therefore, the next move solely depends on who dominates the market.
Thus, if demand in Futures hold, JASMY could continue its upside move, reclaim $0.01, and target $0.011. However, if profit takers overwhelm the market, the altcoin could face downward pressure and drop to $0.0086.
