JasmyCoin gains 10% but faces resistance and rising short positions may increase volatility.

JasmyCoin (JASMY) has gained 10%, recovering losses since January 23 and showing strong bullish momentum. However, it faces resistance at a key supply zone where selling pressure is emerging, risking a pullback to support levels. Despite signs of overvaluation, buyers remain active, but growing short positions and negative funding rates in the perpetual futures market indicate cautious sentiment among leveraged traders. This mix of factors suggests potential volatility ahead as the market decides whether the rally can continue or reverse.