币界网报道：JasmyCoin (JASMY) has extended its bearish trend, dropping another 12% amid persistent selling pressure. The token is currently struggling to hold above the $0.01393 support level, with resistance firmly established at $0.01450. Market analysts attribute the decline to broader crypto market weakness and profit-taking by short-term traders. Trading volume has decreased by 18% over the past 24 hours, signaling reduced investor interest. Technical indicators show the RSI at 38, suggesting the asset is approaching oversold territory but hasn't reached extreme levels yet. The MACD histogram continues to show bearish momentum below the signal line. If the $0.01393 support fails, the next key level to watch is $0.01280, last tested in early November. On-chain data reveals increased token movements from older wallets to exchanges, potentially indicating distribution by long-term holders. The project's development team recently announced progress on enterprise IoT partnerships, but this news has failed to stem the price decline. JasmyCoin remains 76% below its all-time high of $4.99 reached in February 2022, though it has gained 210% from its 2023 low of $0.0045. Market participants are closely monitoring Bitcoin's price action, as correlation between major altcoins and BTC remains high during periods of market stress.