JASMY's recent trend is indeed quite interesting. On the weekly chart, it increased by 49.53%, and the price once broke through the key resistance level of $0.0086. Both algorithmic buying and market enthusiasm are quite good. However, looking at the 24-hour K-line, it actually declined by 5.42%. This kind of sharp rise followed by a pullback clearly exposes short-term instability.

Even more intriguing data comes from the futures market. Trading volume surged by 1134%, with transaction value soaring directly to $769 million. At the same time, spot trading volume also increased by 146%. Such a large influx of trading volume indicates that market participation is rapidly increasing, and it also reflects that retail traders' speculative enthusiasm has been fully mobilized.

However, there is a noteworthy detail—while futures trading volume has skyrocketed, the spot market has shown obvious selling pressure. This structure is somewhat like the bulls fiercely fighting on the futures side, while the bears are looking for opportunities to dump on the spot side. It suggests a somewhat balanced struggle.

Market sentiment is leaning bullish. Over 80% of holders are in long positions, the average position index continues to rise, and the relative strength index is approaching 70. From a technical perspective, the trend is indeed upward. But with such a high proportion of longs combined with selling pressure in the spot market, it naturally raises questions—are the bulls going to continue pushing higher, or are they accumulating strength for a pullback?