Fresh Demand Fuels JasmyCoin’s (JASMY) 4% Rise, Dodging Dead Cat Bounce Concerns

JasmyCoin has emerged as today’s top gainer, registering a 4% price increase over the past 24 hours. This surge comes after a sharp drop earlier this week when the altcoin plunged to a 12-month low on Monday.   While the sudden surge has sparked concerns that it could be a temporary “dead cat bounce,” on-chain and technical indicators suggest that the rally is likely supported by genuine new demand for JASMY.   JASMY Shows Sustained Strength A dead cat bounce occurs when an asset’s declining price recovers temporarily before resuming its downward trend source: https://beincrypto.com/jasmycoin-surge-dodging-dead-cat-bounce-concerns/