JasmyCoin (JASMY) went parabolic on Sunday, notching its highest price since March 6 and recording a 103% gain from its April lows. Often dubbed “Japan’s Bitcoin,” JASMY is surging on a combination of bullish technical patterns and a significant jump in on-chain activity, signaling renewed investor interest in the data privacy-focused blockchain project.
Currently trading near $0.017, JASMY has soared from its early April low of $0.0082, with momentum building across both the spot and futures markets.
📈 Falling Wedge Breakout Ignites Price Rally
The recent price breakout was catalyzed by the formation of a falling wedge pattern on the daily chart a classic bullish reversal signal. The pattern, which forms between two descending and converging trendlines, typically resolves with a sharp upward move once the trendlines converge.
The breakout has pushed JASMY above the 78.6% Fibonacci Retracement level at $0.015, as well as the key resistance at $0.016, previously marked as the lowest swing on November 3.
Adding further fuel, the token has now crossed above its 50-day moving average, reinforcing the strength of the bullish trend. If momentum continues, bulls are expected to target the 50% Fibonacci Retracement level at $0.031, a potential 90% upside from current levels.
🔍 On-Chain Activity Confirms Bullish Sentiment
JasmyCoin’s price surge is being supported by a wave of on-chain activity growth. Data from Santiment reveals that the number of active JASMY addresses climbed to 1,307 on Sunday its highest level since February 1, and a substantial jump from 382 at the beginning of the month.
Meanwhile, the Mean Dollar Invested Age (MDIA) a measure of long-term holder activity—has steadily increased. The two-year MDIA figure has risen to 241 days, up from 180 on January 1, suggesting that long-term investors are holding tight, despite recent volatility.
📊 Futures Market Roars Back to Life
The futures market has also lit up. Earlier this month, open interest in JASMY futures contracts had slumped to just $18 million. As of now, that figure has surged back to $53 million, its highest point since February 1, according to CoinGlass.
This resurgence signals renewed speculative interest and liquidity returning to the derivatives side of the market—a typical precursor to sustained price action.
🌐 What is JasmyCoin?
JasmyCoin is a Japan-based blockchain project focused on data sovereignty and the Internet of Things (IoT). Founded by former Sony executives and engineers, the project emphasizes data ownership, user privacy, and secure IoT connectivity.
Its regulatory-friendly posture and Japanese corporate backing have earned it the nickname “Japan’s Bitcoin.”
🧠 Final Thoughts
JasmyCoin is drawing attention once again, thanks to a powerful blend of technical and fundamental catalysts. With active address counts rising, long-term holders showing conviction, and futures markets heating up, the stage may be set for further upside in April.
While risks remain particularly if price drops below key support at $0.0082 the current setup points to strong bullish momentum. Investors and traders alike will be watching to see if JASMY can sustain its gains and retest higher resistance zones in the coming weeks.
