JasmyCoin (JASMY) Just Gave Up on Binance… But the Price Is Exploding; Should You Buy Now?

JasmyCoin (JASMY) is turning heads lately after Binance announced it's delisting the token, yet, surprisingly, the price and volume are both on the rise.

Binance is preparing to delist JasmyCoin (JASMY) from its exchange by May 1, 2025, due to low liquidity, lack of development progress, and non-compliance with updated regulatory standards, the exchange announced.

However, while Binance is warning users to withdraw or convert their JASMY holdings, other members of the crypto community are baffled by the move, and see the token in a completely different light.

Indeed, despite Binance’s delisting plans, and the exchange giant’s advice to users to withdraw their tokens, the price of JasmyCoin (JASMY) is up 13% over 24 hours, while trading volume has surged more than 223%.

This has sparked a reaction among traders, who are trying to decipher whether the recent price pump is just a short-term reaction to Binance’s announcement or signals the start of something bigger.

As Binance pulls the plug on SPOT trading pairs for

As Binance is shutting down all trading pairs and Payout for JasmyCoin (JASMY) by May 1, 2025, it seems the token is sparking a buzz. A recent post by Frenchaltcoiner3 on CoinMarketCap claims that the market might be "sleeping" on the coin's potential.

The comment section on CoinMarketCap is buzzing with activity, with one user, Crypto_X100_Hunter, noting that the token is "trying to breakout from downtrend."

Another comment by Frenchaltcoiner3 on a Binance article about the delisting adds, "They should have finished the integration of the chain on Blockfolio in December 2022. People are going to buy through greed. BUY JASMY."

Earlier this month, Binance announced that it will be suspending all trading pairs and Payout for JasmyCoin (JASMY) by May 1, 2025. The exchange is also advising affected users to follow further announcements through its official support page.

The crypto exchange explained that it periodically assesses its listed assets to ensure they continue to meet internal benchmarks.

However, Binance stated that It has been reviewing the listing of JasmyCoin (JASMY) and has decided to remove the coin from its platform due to low liquidity, lack of development progress, and non-compliance with updated regulatory standards.

This assessment takes into account various factors, including trading volume, community activity, and the overall contribution of the asset to the Binance ecosystem.

In cases where a listed token fails to sustain adequate liquidity, lackadaisical technical progress by the development team, or isn’t able to meet updated regulatory requirements, Binance may decide to suspend trading, leading to delisting from the exchange.

Where is the price of JasmyCoin (JASMY) heading next?

Taking a look at the technical analysis, JasmyCoin (JASMY) is attempting to breakout out of a descending channel that began after a high near $0.045.

The price action is currently pivoting at the upper boundary of this channel, and is receiving support from the rising short-term moving averages.

Moreover, the MACD is now generating bullish crossover signals, while volume levels have increased in tandem with the breakout attempt.

Analysts at Benzinga have identified resistance at $0.0168 to $0.0180 and support at $0.0143 and $0.0123. A visual projection on the daily chart suggests that a move toward $0.027 to $0.045 could be on the cards if the breakout is confirmed.

"Another promising setup is the potential bullish flag formation that started after the March low," the analyst adds. "If the price manages to close above the $0.0158 resistance, it could propel the token towards the Flagpole high, which is at around $0.024."

However, despite the bullish momentum, it remains to be seen whether JasmyCoin (JASMY) can sustain this rally. The token has been struggling to gain traction in recent months, and it will be interesting to see how it performs in the coming days and weeks.