JasmyCoin sees price gains amid surge in trading volume

JasmyCoin (JASMY) experienced a price increase of approximately 10% to 15% on October 1. Market data showed varying reports on the exact percentage of gains and closing prices across different tables.

Trading volume surged by 48% to $68 million, with significant activity noted on exchanges including Binance, Bybit, KuCoin, and Gate. On Binance, the long-to-short ratio stood at 1.58, indicating bullish sentiment among traders. Additionally, open interest in the perpetual market rose by 30% to $35.24 million, suggesting an inflow of fresh capital. While the positive funding rate and increased volume reflect bullish momentum, some analysts suggest the asset may face a near-term downturn that could impact recent gains.