JASMY experienced a significant correction in the past 24 hours, with a price decline of 5.42%, indicating a short-term technical weakness. However, from multiple perspectives, this decline also contains some signals worth noting.

First, let's discuss the current resistance. On the technical indicators, the 7-day moving average has fallen below the 25-day moving average, and the RSI values are 30.66 and 35.62, clearly indicating oversold conditions. The bearish sentiment in the derivatives market should not be underestimated—weighted funding rates have been steadily declining, and a large number of short positions have accumulated, further suppressing the rebound momentum. The capital flow shows net outflows in recent hours, with selling pressure still present.

But a turning point may also be brewing. First, extreme oversold conditions are often a prelude to a rebound. When RSI drops into the 30s, it has historically been followed by rapid recovery. Second, whale activity is quite interesting—community monitoring shows whales continuously accumulating JASMY, reflecting institutional confidence in its IoT and data privacy application prospects. Third, on the liquidity front, recent support in the spot market is around 0.0104, with about 10% room for upward movement from the current level, which could serve as a magnet for a price bottom.

In the short term, JASMY is undergoing a typical technical correction cycle. But the long-term community sentiment remains relatively warm, and large holders are still building positions. This decline is more of an opportunity for latecomers to enter rather than a signal of collapse. Of course, derivatives short positions remain rampant, and the rebound may face a ceiling, but as long as the fundamental story persists, such adjustments are merely temporary pauses.