While the top cryptocurrencies record a mixed price action in their daily time frames, the IoT-based Jasmy Coin has taken over the crypto space with its impressive price action overnight. With achieving the 1st position in the top gainers list, this altcoin is being closely watched by top crypto investors.
Amid increased price volatility in the cryptocurrency market, is this a good time to invest in JASMY Coin before the altcoin market index turns extremely bullish? In this article, we have covered the market sentiments and possible short-term Jasmy Coin price analysis just for you!
JASMY Price On The Verge Of A Major Breakout?
The JasmyCoin price has jumped ~30% in 24 hours with a trading volume of $515.98 million. Moreover, it has added 18.61% in seven days. This indicates increased buying-over-selling pressure for the altcoin in the crypto space.
Furthermore, the Jasmy token has formed a falling channel pattern in the daily time frame and has continued within it since November 2024. This highlights a strong bearish influence in the longer time frame.
JasmyCoin Technical Sentiments
The Moving Average Convergence Divergence (MACD) records an increase in the green histogram with its averages displaying a bullish convergence in the daily time frame. This suggests a positive outlook for the JASMY price in the coming time.
Furthermore, the SMA indicator witnesses a positive crossover in the JamyCoin price chart, highlighting an increase in the buying-over-selling pressure for the altcoin.
Will JASMY Price Rise Back Up?
Maintaining the price above its support level of $0.03150 could set the stage for JasmyCoin to head toward its immediate resistance level of $0.03775. Furthermore, if the bullish sentiment sustains, this could result in it retesting its upper high of $0.04450 in the upcoming time.
On the contrary, if a bearish trend reversal occurs, the JASMY coin could experience a pullback within the falling channel pattern. Moreover, if the bearish intensifies, this could pull the price of Jasmy Coin toward its important support level of $0.0250.
Are you wondering about the long-term price projections of the JASMY crypto token? Read Jasmy Coin Price Prediction!
FAQs
If the bullish sentiment sustains, the price of JasmyCoin could reach a maximum trading value of $0.115 this year.
With increased adoption, the JASMY crypto token could range between $0.049 and $0.323 during 2030.
At the time of writing, the value of one JASMY coin was $0.03194.
