JasmyCoin Price Soars Amid Rising Active Addresses and Technical Indicators
By Crispus Nyaga
April 13, 2025, 1:00 PM UTC
Edited by Anthony Patrick
The cryptocurrency market witnessed a notable surge in the price of JasmyCoin (JASMY) on Sunday, marking its highest level since March 6. The increase comes as the coin has formed a falling wedge pattern and experienced a rise in the number of active addresses, indicating strengthened investor interest.
Price Performance
JasmyCoin, often referred to as "Japan’s Bitcoin," rebounded significantly after reaching a low of $0.0082 earlier this month. By Sunday, the price peaked at $0.017, representing a remarkable 103% increase from its lowest point. This rebound can be attributed to a broader stability in the cryptocurrency market, with Bitcoin (BTC) trading above $84,000 and other leading tokens, such as Solana (SOL) and Fartcoin (FARTCOIN), also experiencing recent gains.
Increase in Active Addresses
On-chain analytics reveal a substantial uptick in the number of active addresses associated with JASMY. According to data from Santiment, active addresses surged to 1,307 on Sunday, the highest level since February 1. This sharp increase is particularly notable, given that the count had fallen to just 382 earlier in the month. The rise in active addresses suggests growing engagement and interest in the token.
Moreover, the Mean Dollar Invested Age (MDIA) metric has shown a robust upward trend over the past months. The two-year MDIA reached 241, a significant rise from 180 on January 1, indicating that long-term investors are retaining their holdings rather than selling.
Futures Market Dynamics
Another key factor contributing to the positive momentum for JasmyCoin is the recovery in the futures market. The open interest in JASMY futures had plummeted to a low of $18 million earlier this month, but it has since rebounded to $53 million, marking the highest level since early February. This increase signals heightened trading activity and interest in JASMY futures.
Technical Analysis
The recent price surge aligns with the emergence of a falling wedge pattern on the daily trading chart for JASMY. A falling wedge is formed by two descending, converging trendlines, and typically signals a bullish breakout when the lines approach convergence. As of now, JasmyCoin has successfully surpassed the crucial 78.6% Fibonacci Retracement level at $0.015 and has also cleared the resistance level at $0.016, which was previously established on November 3. Analysts predict that if the momentum continues, bulls may target the 50% Fibonacci Retracement level, which sits at $0.031—representing an additional potential increase of 90% from the current price. However, a decline below the wedge’s lower boundary at $0.0082 would invalidate this optimistic outlook.
Overview of JasmyCoin
JasmyCoin, the native token of the Jasmy blockchain project, emphasizes data privacy and the Internet of Things (IoT). Founded by former executives and engineers from Sony, the project has garnered attention due to its local backing and adherence to Japanese financial regulations, earning it the moniker “Japan’s Bitcoin.”
As interest in JasmyCoin grows and key technical indicators align positively, the project may continue to capture the attention of both retail and institutional investors in the coming weeks.
Market Snapshot
- Current Price: $0.0161188
- 24-hour Volume: $180,105,419
- Market Cap: $780,319,753
- 24-hour Low/High: $0.0149542 / $0.0170054
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