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JASMY Price Prediction for May 13: Can Jasmy Coin Continue Its Uptrend?

Munene Timothy by Munene Timothy
May 12, 2025
in Binance Feed, Market, News, Price Analysis
Reading Time: 4 mins read
JASMY Price Prediction for May 13 Can Jasmy Coin Continue Its Uptrend
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  • JASMY breaks above upper Bollinger Band at $0.02002, suggesting volatility and potential for continued breakout.
  • 79% of JASMY is held by large wallets, indicating possible price swings due to ownership concentration.
  • With 55% of holders keeping JASMY over a year, long term conviction supports bullish outlook despite market volatility.

JasmyCoin’s price has been surging sharply over recent weeks, outperforming many altcoins as investor confidence returned to the broader crypto market. The token was trading at $0.02073 on May 12, a daily gain of 9.28%. 

This marked its highest level since March and a 135% rise from its lowest point this year. Trading volume is up to $71.1 million, up by 9.48%, while the market cap hit $1.01 billion after increasing by 10.94%. 

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Volatility Spikes as Bollinger Bands Widen

Throughout April, Bollinger Bands remained tight, indicating reduced price movement. However, they expanded in early May, indicating a potential breakout. JASMY is trading between a low of $0.01882 and a high of $0.02100. 

Source: TradingView

The digital asset decisively broke above the upper Bollinger Band at $0.02002, suggesting increased volatility. The mid band, now at $0.01723, acts as immediate support. Price staying above this level confirms bullish sentiment. 

Volume is at 313.85 million, supporting strong activity behind the current breakout. The MVRV Z-Score increased to 29.76396, indicating the asset may face a correction or consolidation ahead.

Investor Distribution and Network Insights

JASMY’s current holder distribution shows 39% of wallets are in profit, while 53% remain at a loss. IntoTheBlock data notes that only 9% of holders are near break even. This imbalance could result in selling pressure if prices extend further. 

Source: IntoTheBlock

Notably, 79% of the token supply is with large wallets. This signals potential volatility due to concentrated ownership. However, a substantial portion of holders, 55%, have kept their tokens for over a year. 

Meanwhile, 41% have held between one month and one year. Only 4% are short term holders. This breakdown suggests relatively strong holder commitment despite price volatility.

On May 13th, if price stays above $0.02100 and volume rises, JASMY could increase to $0.0225 to $0.0230. A pullback toward $0.0185–$0.0190 could occur if profit taking pushes price below the upper Bollinger Band.

Macro Factors and Market Correlation

JASMY’s price is strongly correlated with Bitcoin, with a 0.87 correlation score. According to Standard Chartered, Bitcoin could reach $200,000 by year end. A move of this scale could influence JASMY’s direction.

In addition, recent U.S.–China trade talks may boost investor sentiment and asset prices. President Donald Trump noted progress during the two day negotiations. This, combined with growing demand for IoT tokens, has elevated market interest in JASMY. Large transaction volumes, totaling $6.38 million in seven days, confirm notable whale activity.

Tags: Jasmy (JASMY) NewsPrice Analysis

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