Rallies Jasmycoin 15 % despite the linked bears: Can JasMy keep? star-news.press/wp

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Rally’s Rally’s comes although 9 out of 15 exchange shows a sales volume higher than buying over the past 24 hours. At the present time, the following altcoin step remains uncertain.

Last day, Jasmycoin (Jasmy) increased by 15 %, which prompted its monthly profit to 62 %, a reflection of continuous upward morale. However, market data reveals conflicting signals.

Although most of the derivative contracts are still upward, the sale volume during the past day remained high. Ambcrypto examines the possibility of the next JASMY step.

Liquidity flows are increasing, but the descending signals appear

There has been a noticeable increase in liquidity that enters the derivative market over the past 24 hours.

according to Coinglass8.42 million dollars from the new capital flowed to the JASMY derivative market, an increase of 14 % in the open interest, which amounted to $ 56.86 million at the time of the press.

Source: Coinglass

The open interest measures the total value of the dollar for unstable contracts in the derivative market over a period. The increase usually indicates the opening of more contracts and is often interpreted as a sign of participation in the renewable market.

Although this may seem bullish, especially in light of the high price, Ambrypto determines a more complex dynamic.

Tips for transforming volume in dumping pressure

Despite the flow of liquidity, the data indicates a declining mile.

According to a long to short percentage DataAnd that tracks the distribution of size in the derivative markets, was only 48 % of the contracts for a long time while it was 52 % short during this period.

Source: Coinglass

Interestingly, 9 of 15 of the central stock exchanges that have been tracked showed more buying than the sale volume. However, in general, short sizes dominated.

This indicates that the sellers pushed most of the liquidity flowing into JASMY contracts, which hints to a possible decline in the short term.

In addition to the pressure, immediate investors also engaged in moderate sales, with a total of about $ 2.86 million from Jasmy.

If this trend continues, the withdrawal may extend deeper than expected.

There are still difficulties – but for how long?

If the derivatives show high pressure pressure, then why did Jasmy continued to gather?

Source: Coinglass

The feeling of broad market is still optimistic.

For example, the derivative market still shows a positive financing rate of 0.0131 %, indicating that holders of the two positions who pay more than that, a sign of continuous upward trends.

In addition, the suggestive financing rate is the open interest – which combines both open interest and financing for a more accurate sign – involves positive lands and a relatively high level.

Source: Coinglass

This indicates that although Jasmy may cool temporarily from its last 15 % gathering, it is likely to resume ascending trend in the short -term to average.