JasmyCoin (JASMY) price has risen 14% in the last seven days, and its market cap is approaching $1.6 billion. The recent rally has been fueled by multiple golden crosses, signaling strong bullish momentum, while the Ichimoku Cloud setup remains positive.

However, BBTrend has turned negative, suggesting that selling pressure could increase in the near term. Whether JASMY continues its surge or faces a pullback will depend on how it reacts to key resistance and support levels in the coming days.

JASMY BBTrend Is Now Negative, Down From 6.37 Yesterday

JASMY BBTrend is currently at -4.36, dropping sharply from 6.37 just a day ago.

This rapid decline indicates a significant shift in momentum, suggesting that bearish pressure has increased over the past few hours.

BBTrend is a trend strength indicator derived from Bollinger Bands, which measures price momentum relative to its volatility range. A positive BBTrend indicates bullish momentum, while a negative reading suggests increasing bearish pressure.

With JASMY BBTrend turning more negative, it signals that sellers are gaining control, which could lead to further price declines unless buying pressure increases.

JASMY Ichimoku Cloud Shows a Bullish Setup

The Ichimoku Cloud chart for JASMY shows a strong bullish breakout, with the price moving well above the cloud (Kumo). The Tenkan-sen (blue line) is also above the Kijun-sen (red line), reinforcing short-term bullish momentum.

The Chikou Span (green lagging line) is far above the past price action, confirming that the trend has strong upside pressure. However, the future cloud is still red, meaning that some resistance could emerge if price retraces.

Despite this strong move, the price has now consolidated after its breakout, and the Tenkan-sen has been acting as short-term support. If the price remains above the cloud, the bullish trend could continue, but a move back into the cloud might indicate a period of consolidation or weakening momentum.

The cloud ahead is turning green, suggesting that if buyers maintain control, the trend could stay intact. The next few candles will be crucial in determining whether JASMY continues its upward trajectory or faces a correction.

JASMY Price Prediction: Will the Surge Continue?

JASMY chart shows its EMA lines formed multiple golden crosses in the last few days, signaling strong bullish momentum. Another golden cross could form soon, which may push JASMY toward its next resistance at $0.036.

If that level is broken, further upside could take JASMY to $0.041, reinforcing its bullish trend, especially if the narrative around DePIN recovers a good momentum.

However, BBTrend suggests that the trend could be at risk of reversing. If selling pressure increases, the altcoin could test the support at $0.031, and if that level fails, a drop to $0.029 could follow.

A stronger downtrend could push the price as low as $0.025, making the next moves critical for determining whether the bullish trend can continue.

Dogwifhat’s price dropped nearly 10% in one hour after the Vegas Sphere denied any deal with the meme coin. A crowdfunding campaign raised around $700,000 to put WIF on the Sphere, but this never materialized.

Developers claim that they conducted negotiations through an intermediary due to their non-corporate structure, but this statement may be totally fraudulent.

Did Dogwifhat Lie About Partnership with Las Vegas Sphere?

It’s been a challenging new year for the popular dog-themed Solana meme coin. The token’s price began dropping in November and hasn’t quite recovered. Although a few speed bumps have periodically interrupted this decline, the downward trend is inexorable.

Today, new reports denying any partnership between Dogwifhat and the Vegas Sphere caused the meme coin’s price to plunge nearly 10%.

“We have never had a deal with Dogwifhat, and our agency at the time only had one very preliminary conversation early last year. There was and is no plan for Dogwifhat to appear on the Exosphere, and we are distressed they are using our name for fraudulent purposes,” a Vegas Sphere representative claimed in an interview.

Initially, it may seem strange that the Vegas Sphere has such an impact on Dogwifhat’s price. However, a crowdfunding campaign from early 2024 promised that WIF would appear on the Sphere and raised over $700,000.

Earlier this week, developers teased a Sphere launch, saying they would post dates “as soon as we are allowed to share.”

It appears this was a complete fabrication. Earlier in the week, WIF surged 34% after the Vegas Sphere tease but quickly dropped when the deal never materialized.

Now that the Sphere has accused WIF developers of misinformation, these price wobbles turned into an immediate 10% drop.

The meme coin’s team, for its part, has fervently denied any foul play. In a recent social media post, it claimed that Dogwifhat organizers have been in “ongoing negotiations” with Vegas Sphere representatives.

They claim to have acted through an intermediary since they don’t have a formal corporate structure. They also promised to refund the $700,000 crowdfunded assets if the deal falls through.

“If, by any chance, the plan is not executed, then the contract will be voided and contributions will be returned. There has been no intent to mislead any parties,” Dogwifhat posted on X (formerly Twitter).

Of course, this statement could be a complete lie. Appalling meme coin schemes have risen dramatically since Trump launched his own token, bringing in huge numbers of complete newcomers.

However, If the Dogwifhat team made up a story about the Vegas Sphere to hype up their own meme coin, it’d be far from the worst scam in today’s crypto industry.

Three new cryptos, Venice Token (VVV), jelly-my-jelly (JELLYJELLY), and Pumpkin Fun (PKIN), have gained attention this week. VVV, launched by ShapeShift founder Erik Voorhees, powers a privacy-focused AI assistant and has over 43,000 holders.

JELLYJELLY, created by Venmo co-founder Iqram Magdon-Ismail, is tied to a new social media app and reached a $74 million market cap in under two days. PKIN, the native token of the Pumpkin Fun launchpad, is seeing rapid adoption, with over 53,000 daily transactions and strong demand for Solana-based meme coin launches.

Venice Token (VVV)

VVV is the native token of Venice AI, an artificial intelligence assistant focused on privacy and uncensored interactions. It was created by Erik Voorhees, the founder of ShapeShift, a well-known DeFi platform.

Initially airdropped to early users, VVV is now available on the Base chain, and it was among Base’s biggest new cryptos launched recently. While its price saw an initial surge, it has since dropped significantly. Despite this decline, the token has over 43,000 holders and a market cap of around $167 million.

VVV’s RSI is currently at 35.6, indicating that it is approaching oversold territory. An RSI below 30 is generally seen as oversold, meaning a reversal could be near if buyers step in. However, if selling pressure continues, Venice Token could see further declines before stabilizing.

jelly-my-jelly (JELLYJELLY)

JELLYJELLY is the native coin of the Jelly-Jelly app, a social platform introducing a new “conversational” media format for recording, editing, and sharing. It was launched by Iqram Magdon-Ismail, the co-founder of Venmo, first on Pumpfun before graduating to Raydium.

In less than two days, JELLYJELLY gained over 47,000 holders, with a daily volume of $753,000 and 3,100 transactions. Its market cap is already close to $77 million, showing strong initial interest despite relatively low transaction activity.

While still a new coin, its connection to Venmo’s co-founder could attract more users and investors over time. The fact that JELLYJELLY is tied to a real product also strengthens its potential, as projects with actual utility often sustain long-term interest better than purely speculative tokens.

PUMPKIN (PKIN)

Pumpkin Fun is a newly launched Solana-based launchpad for new cryptos that aims to compete with PumpFun. To attract new projects, it offers features like ultra-fast coin launches, live streaming, rewards unlocking, and on-platform staking.

The platform has quickly gained traction, reaching nearly 17,500 holders with a market cap of $26.7 million. With over 53,000 daily transactions, engagement on Pumpkin Fun is already strong, signaling a growing interest in its ecosystem.

Pumpkin Fun’s RSI is currently at 65, indicating that it’s approaching overbought territory but still has room to run if the momentum continues. If the platform can successfully attract meme coin launches at scale, demand for PKIN could push its price even higher in the coming weeks.