JASMY recovers 3-month losses - Why price reversal risk is rising
JasmyCoin [JASMY] has remained one of the stronger-performing assets in the market, posting a moderate 10% gain at press time, as buying pressure continues to strengthen. The latest move carries broader significance because JASMY has now recovered every loss recorded since the 23rd of January, completing a recovery that took roughly three months. The development points to strengthening market confidence and reinforces the broader bullish structure forming around the asset. Still, despite the sustained rally, several indicators suggest the market may be approaching an important decision point. JASMY faces pressure at key supply zone The primary risk to JASMYs ongoing rally comes from its current position within a major supply order block on the chart. A supply order block represents a region where concentrated sell orders typically emerge, often slowing momentum or triggering temporary reversals as traders begin to take profit. JASMYs move into this zone has already produced early signs of selling pressure, with a red candlestick forming as sellers reacted near resistance levels. Source: TradingView Current price action suggests the asset could retrace toward the first support region, where buyers may attempt to regain control and resume the uptrend. If bearish pressure intensifies, price could extend lower toward a secondary support level before finding stronger