After JASMY suffered the negative impact of delisting on dYdX, its price found a short-term bottom at 0.00518 USDT. Bullish intervention led to an increased volume rebound, showing technical bottom characteristics. Although liquidity and depth were affected by delisting on certain platforms, overall activity remains adequate. Subsequent attention should focus on liquidity changes in major exchanges. Trading suggestion: The 0.00518-0.00545 USDT range is a key short-term support; after technical indicators are repaired, consider buying low for a rebound scenario. If the price breaks below the lower boundary of the range, strict stop-loss is needed to avoid systematic risks.

On April 6, due to dYdX community voting to gradually suspend the JASMY-USD trading pair, JASMY's price saw a clear dip that day, hitting a low of 0.00518 USDT and closing down about 1.55%. Although trading volume shrank compared to before, the long lower shadow indicated that bulls absorbed selling pressure at low levels. In the short-term sentiment, the delisting news sparked a wave of profit-taking, leading to decreased market risk appetite.

After the news was digested, on April 7, a high-volume rebound occurred, with strong bullish intervention pushing the price back up to around 0.00544 USDT, closing above the key support area. Currently, JASMY fluctuates repeatedly within the 0.00518-0.00545 range, holding above several short-term moving averages and with limited downside. From the daily chart, MACD shows bullish divergence and RSI has recovered from oversold levels, suggesting a potential continuation of the range bottoming and further upward movement.

The dYdX delisting will reduce JASMY's order depth and arbitrage channels on the platform, exerting a neutral-to-negative short-term impact on overall trading volume and market depth. However, JASMY remains active on other major exchanges, which can partly compensate for this liquidity loss. For mid- to long-term investors, it is necessary to continuously monitor liquidity changes on main trading platforms and the degree to which other derivatives markets accept the underlying asset.

JasmyCoin

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JASMY price today is 0.01, with a live price change of 3.19 in the last 24 hours. Convert, buy, sell and trade JASMY on Bybit-ge.

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