JasmyCoin (JASMY) Price Tanks After Trump Bombing News – but Here’s Why a Huge Bounce May Be Next

JasmyCoin price is hanging on just above a key support level after a rough drop that shook the entire crypto market. The token slipped down to around $0.01000, marking one of its lowest points in months

The drop came after a wave of selling triggered by U.S. airstrikes on Iranian nuclear sites, which sent shockwaves through Bitcoin and other altcoins, and JASMY was no exception.

Still, not everyone sees this as bad news. Veteran trader Matthew Dixon shared a chart on X where he pointed out that JASMY price could be nearing a local bottom. He called the current dip a potential buying opportunity and said that with most of the bad news now priced in, this could be a good setup for a bounce in risk assets like JASMY.

JASMY Chart Retests Support With RSI Oversold

The 4H chart shows JasmyCoin price extending its downtrend that began in early February. Price continues to follow a series of lower highs and lower lows. A mid-May rejection at $0.022 reinforced the upper boundary of resistance. Since then, the token has declined steadily toward the $0.01000 support range.

The RSI indicator is currently near 36, placing it in oversold territory. Historically, JASMY has seen short-term rebounds when RSI has tested similar levels. No confirmed bullish divergence has formed, but the slowdown in downside momentum suggests that sellers may be losing control.

Source: X/MattewDixon JASMY Key Technical Zones to Monitor

Support remains firm between $0.00982 and $0.01100. This area has held on multiple occasions and is considered a potential accumulation zone. If JASMY price holds above this band, short-term buyers may return. Below $0.00982, the next area of interest is closer to $0.00800.

On the upside, the first resistance to watch is between $0.01700 and $0.01850. A successful rally through this range could open a path toward the larger supply zone at $0.02150 to $0.02300. Both regions served as previous rejection points and are likely to attract selling pressure again.

Furthermore, Veteran financial trader Matthew Dixon remains optimistic. In his tweet, he pointed out that this recent drop is likely part of a broader risk-off reaction and not a breakdown of the token’s longer-term setup. He framed this move as a “great dip buying opportunity,” anticipating a possible bounce as selling pressure fades.

The coming sessions will determine whether this support zone can hold. Traders are watching the $0.01000 area closely for confirmation of a potential reversal or continued downside for JASMY price.

Read Also: Chainlink (LINK) Price Is Slowing Down… But History Says a Reversal Might Be Coming

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The post JasmyCoin (JASMY) Price Tanks After Trump Bombing News – But Here’s Why a Huge Bounce May Be Next appeared first on CaptainAltcoin.