Why Did JasmyCoin (JASMY) Price Increase Today (1/7/26)?

Jakarta, Pintu News – The price of JasmyCoin (JASMY) experienced significant gains today, driven by increased volume and an exit from a declining channel that has lasted for several months. This rise has caught the attention of short-term traders and raises the question of whether this trend will continue.

Downward Canal Rupture Drives Momentum

JasmyCoin (JASMY) managed to break out of the descending channel that had controlled its price movement since August. The break occurred after the price managed to maintain the demand zone between $0.0060 and $0.0065, which has been a strong base since late December. Today’s price increase was also supported by a significant increase in volume, indicating strong accumulation from buyers.

The On-Balance Volume (OBV) indicator showed a sharp increase, reaching the 179 billion mark again. This indicates that the price increase this time is not just a temporary gain, but is supported by meaningful buying. Nonetheless, JasmyCoin is still below its 200-day moving average at around $0.0117, which is still a major resistance zone.

Also read: Gold Jewelry Price Today, Wednesday, January 7, 2026

No new news, but market sentiment is changing

In the past 24 hours, there have been no specific announcements from the Jasmy project that could be the direct cause of this price spike. The price increase is more due to a change in market sentiment and a more favorable technical structure.

Sentiment-driven price movements are often more favorable to lower priced assets like JasmyCoin, especially when there are positive changes in the technical structure. The spike is also interesting because it occurred without any triggers from news or announcements from management. This suggests that technical factors and market psychology have a strong influence in JasmyCoin’s current price movement.

Also read: Tom Lee’s prediction: “2026 will see market surges, crashes, and rallies!”

Key Levels that Traders Watch

Maintenance of the price above the breakout level of the descending channel will increase the chances of further upside. However, if the price drops back below $0.0075, it will weaken the existing bullish case. Currently, traders are watching closely to see if the price can maintain its position above the resistance zone that has been converted into support.

This short-term strengthening of the structure is important, but the sustainability of the uptrend will depend on the ability of the price to stabilize above the resistance zones that have long been a barrier. Close monitoring of volume and momentum indicators will be key in determining the next direction of the JasmyCoin price.

Conclusion

Today’s price increase of JasmyCoin indicates interesting market dynamics and potential for further movement. While there has been no specific news to drive this surge, technical factors and changing market sentiment seem to be the main drivers. Investors and traders will be watching closely to see if JasmyCoin can sustain this momentum.

That’s the latest information about crypto. Follow us on Google News to get the latest crypto news about crypto projects and blockchain technology. Also, learn crypto from scratch with complete discussion through Pintu Academy and stay up-to-date with the latest crypto market such as bitcoin price today, xrp coin price today, dogecoin and other crypto asset prices through Pintu Market.

Enjoy an easy and secure crypto trading experience by downloading Pintu crypto app via Google Play Store or App Store now. Also, get a web trading experience with various advanced trading tools such as pro charting, various types of order types, and portfolio tracker only at Pintu Pro.

*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coinpedia. Why is Jasmycoin (JASMY) Price Rising Today? Will it Reach $0.01? Accessed on January 7, 2026
• Featured Image: Coinpedia