JasmyCoin (JASMY) is turning heads lately after Binance announced it’s delisting the token, yet, surprisingly, the price and volume are both on the rise. This has left traders split, trying to figure out whether the recent JASMY price pump is just a short-term reaction or the start of something bigger.
Binance made it clear that JASMY will be removed from all spot trading pairs by May 1, 2025. But while some see that as a red flag, others on X (formerly Twitter), like Crypto_X100_Hunter and Frenchaltcoiner3 on CoinMarketCap, are seeing a completely different picture. They believe the market might be sleeping on JASMY’s potential, especially with bullish momentum and a possible breakout forming on the charts.
Binance Delisting Cites Compliance and Development Concerns
According to Binance’s statement, the exchange will suspend all JASMY trading pairs and withdrawals by May 1, 2025. The exchange attributes this action to low liquidity, lack of development progress, and non-compliance with updated regulatory standards.
Binance emphasized that users should withdraw or convert their JASMY holdings before the suspension takes effect. The exchange also advised affected users to follow further announcements through its official support page.
The exchange’s periodic asset review process determines whether listed tokens continue to meet internal benchmarks. JASMY was flagged for failing to sustain adequate trading volume and for limited technical progress by its development team.
JASMY Price Surge Defies Market Expectations
Despite the delisting announcement, JasmyCoin has become one of the top-performing tokens in the market over the past day. The price of JASMY jumped by 13% over 24 hours, trading at $0.01537. Trading volume also spiked by over 223%, suggesting increased investor interest.
Frenchaltcoiner3 speculated that Binance’s decision could be misinterpreted. The post urged followers to “buy JASMY,” suggesting the token remains undervalued. This contrasts sharply with the exchange’s cautionary stance, which has created a divergence in sentiment.
JasmyCoin Price Chart Suggests a Potential Breakout
Technical analysis shows JASMY attempting to break out of a descending channel that began after a high near $0.045. The current price action sits at the upper boundary of this channel, supported by rising short-term moving averages.
Indicators such as the MACD confirm bullish crossover signals. Volume levels have increased in line with the breakout attempt. Analysts have identified resistance around $0.0168 to $0.0180 and support levels at $0.0143 and $0.0123.
A visual projection on the daily chart hints at a potential rally toward $0.027 to $0.045 if the breakout is confirmed. Crypto_X100_Hunter posted, “$JASMY trying breakout from downtrend 👀,” suggesting the setup is drawing broader market attention.
Furthermore, JASMY’s price action continues to defy traditional expectations following a delisting announcement. While Binance has flagged the asset for removal, technical signals show momentum building. As sentiment on social platforms heats up, the next few days may determine whether JASMY confirms a breakout or retreats back into its longer-term trend. For now, both technical and sentiment-driven traders are watching closely.
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