Second idea using chart pattern with supertrend.Manage risk to reward ratio for better returns . Triple bottoms tends to show false signals ,so proceeds with cautiious.
JASMYUSD trade ideas
On-chain Implications On Price
Its holders have grown, MVRV is showing an undervalued state, increasing transactions, and lesser correlation to BTC, and a recent interview with the CFO has marked optimism in Jasmy.
Per its price action, it trades near a crucial support level after the rejection from the top. The critical demand level at $0.01655 is the key area to watch because a break below this could trigger a sharp decline toward the $0.01300 mark.
However, after the liquidity grab candle on August 5th, JasmyCoin has attempted to move upside down, and many factors support the bullish bias. However, caution is necessary to avoid FOMO and DYOR.
Decoding The JASMY Price Structure!
The JASMY had a breakout in May end 2024 out of a symmetrical triangle pattern, which signified a more than 165% increase on the daily chart. However, the instability led the price to deteriorate to $0.02.
After the sustenance with a larger market, from July 5th onwards, JASMY’s bullish structure commenced once again after the June sell-off, which ended with the coinciding support at the 200-day EMA.
The traders spotted opportunities to buy the dip, Amid the previous oversold conditions. This increased liquidity enabled it to build up momentum for a significant trend reversal.
Several indicators point towards further acceleration in gains and that JASMY is still in the buy zone. Especially with the technical price action hinting at a breakout continuation to June’s peak of $0.04470.
Indicators like 50-day, and 200-day EMA are supporting the upside momentum. The MACD indicator showed a bullish cross with a histogram at 0.00034. The RSI flashed at 56.00, above 14-SMA.
Therefore, the resistance is at $0.03535, and $0.04413, respectively. On the contrary, the support lies at $0.02749, and $0.02248, respectively.
JASMY Coin Technical Analysis
Over the daily chart, the JASMY got the chance to break out from its long accumulation range and peaked at 800% by March 3rd from $0.00300 to $0.02736. However, the price fell into a contracted wedge, which ended up becoming a symmetrical triangle pattern, which gave another rally 180% price rally and built an ATH at $0.04412 by June 7th, 2024.
Thereon, the major profit booking caused the price to drop, which later reached 200-day support by July 5th, 2024, and with correlation to BTC, the price has resonated with BTC taking support.
At press time, the JASMY traded at $0.02510 with a nearly 4% gain, price approaching 50-day EMA. Macd started to converge, and a bullish crossover is most likely to be anticipated next. RSI flashed at 44.59, taking support from 14-SMA.
Therefore, if the price ralies, then the resistances stand at $0.03220 and $0.03856. however, if it fails then slippage of $0.02266 would lead towards $0.01655.
JasmyCoin (JASMY)JasmyCoin (JASMY)
JasmyCoin made a strong bounce back from its 200 day EMA in intraday rising over 17.9%. The bounce back from the lower levels indicate the presence of buyers near the key EMA. The intraday surge indicates a recovery initiated by the bulls after JasmyCoin fell over 20% this week.
From a technical perspective, the recent price drop had weakened the short term trend however the long term trend still favors the buyers side which may keep on attracting bulls at the dips.
On the higher the crypto may rise again till the recent highs of $0.044 if it surpasses the 50 day EMA. JASMY ranks 59th with a live market capitalization of $1.23 Billion.
What Does W-Chart Exemplifies For Jasmy? Indicators Angle On D!
What Does Weekly Chart Exemplifies For Jasmy?
Over the weekly charts, the JASMY crypto price has been declining consistently over the past few weeks, which highlights that the recent trend appears to be dominated by the sellers.
After the long-term break above the long-term consolidation, the JASMY has surged by more than 100% gains. However, Despite the strong surge in the JASMY's price, the asset has seen profit booking over the last few weeks. As observed by the price chart, from the swing high point of $0.04480, the price has degraded almost 47.8% to $0.02319 as of press time.
Furthermore, on the higher side, the continuation could be seen if the JASMY crypto price further builds any bullish candlestick pattern on the chart. Despite that, investors and traders should stay cautious as the recent price structure displays declines in price activity (DYOR).
Indicators Angle On Jasmy Crypto!
Looking at the indicators perspective, the Jasmy has plunged below the 20-day and the 50-day EMA, while the larger trend bands highlight a golden cross among the 50-day and the 200-day EMA, on the daily chart. Therefore, if the price keeps on descending downwards, it could take an assist from dynamic support of a larger trend 200-day EMA and could display a possibility to reverse from a certain level of that time.
Similarly, the MACD metrics have declined to a negative territory, which is below the zero line, and the histograms are declining, showing the bearishness strength rising. Thus, this supports a higher possibility of a bearish trend in the short term. Meanwhile, the RSI has declined below the median line of 50, and the smoothened line of 14-SMA, simultaneously and at press time, flashed at 34.26.
JasmyCoin (JASMY) Emerged As Second Top PerformerJasmyCoin (JASMY) Emerged As Second Top Performer
Competing with hundreds of bullish cryptocurrencies, JasmyCoin emerged as the 2nd top performer, rising over 94%. The crypto witnessed a strong thrust to the upside breaking out from a consolidation phase in the second week of May.
At the time of writing, JASMY crypto was exchanging hands close to $0.03 marking a 7.8% fall in Intraday. The crypto ranks 56th in the cryptoverse with a live market capitalization of $1.70 Billion. Out of 50 Billion tokens, over 98.6% i.e. 49.29 Billion JASMY tokens are in circulation.
From a price point of view, JasmyCoin price has dropped by nearly 20% in the recent sessions, however it still trades in a bullish zone above the key Exponential moving average of 20 days. The $0.033 level is a crucial level to watch as of now. If the bulls succeed to defend the level it may indicate a trend continuation towards the $0.04 level.
Conversely, any breakdown below the $0.033 level may invalidate the short term bullish control and the price may look to retrace the $0.025 level.
JasmyCoin Secures The 2nd Top Gainer Rising 53% A Week! JasmyCoin Secures The 2nd Top Gainer Rising 53% A Week!
Jasmy revolutionizes data workflows by leveraging edge computing and the InterPlanetary File System (IPFS) for data storage, embodying a philosophy that champions data democratization. In this model, data remains secure under the ownership of the individual, while service providers can ethically utilize this data to enhance their offerings.
The Jasmy platform prioritizes user privacy, ensuring that customers retain control over their personal information. It facilitates a secure exchange of data between users and companies through IoT devices, enabling users to receive services in return for their data, all within a framework of trust and security.
Despite the market leaders facing a correction, JasmyCoin has delivered remarkable returns to its investors, reporting a 53% increase over the past week and ranking as the second-highest gainer.
The daily trading chart indicates a tendency for profit-taking during intraday trading following four successive days of gains. Nonetheless, the market sentiment remains bullish, with prices holding steady near the lows of the previous day. A breach below this level could signal a short-term downward adjustment for the cryptocurrency.
Can JasmyCoin Continue To Thrust Higher or Head For A CorrectionCan JasmyCoin Continue To Thrust Higher or Head For A Correction
Over the past week and month, JasmyCoin has exhibited a strong bullish trend, achieving gains of 50% weekly and 83% monthly.
The RSI line has entered an overbought zone pointing to a possible correction on the horizon
JamsyCoin (JASMY) has delivered a robust performance rising 50% a week and 83% a month. The price soared around the rumors about a partnership with Apple which caused a big leap of over 24% in the previous intraday sessions.
Though the rumors have faded away, still the JASMY price is holding strong indicating a further potential to rise. Along with a surge in momentum, there has been a significant development in the volume inflow and RSI indicator which has entered an overbought region.
Let's explore in detail what impacts those developments could leave on the JASMY price,whether the price is going to shoot up more or cool down for a profit booking.
JASMY Volume Inflow Explodes By 300% A Day!
The JasmyCoin has shown a remarkable growth in the recent sessions and emerged as one of the top performing altcoins. Moreover, the bullish surge is backed by a massive rise in the volume inflow.
As per coinmarketcap.com the volume inflow has exploded by 330% in the past 24 hours reaching $516.48 Million a day. The rise in volume inflow suggests the increasing participation of the investors which may possibly result in an increased demand.
Moreover, the Volume to market capitalization ratio has reached 38.59% indicating high volatility in the crypto. Also, the circulating supply was 49.299 Billion JASMY tokens constituting about 98% of the total supply.
Investor’s Anticipate Another 20% Rally Before A Correction
From a technical point of view, A week ago, the JASMY crypto made a breakout of a trendline resistance and has never looked back. The crypto has achieved an impressive 50% gain since breakout of a trendline resistance.
However, at the time of writing, the RSI line has entered an overbought zone and was placed at 77.57 points. whereas, the SMA line was at 64.46 points. The RSI entered an overbought zone indicates a possible correction or consolidation before making another big leap.
However, the Price is rising momentum and continues to show gains until the bulls keep on defending the previous day's low. On the higher side, Investors are anticipating a 20% potential before heading for a profit booking.
Conclusion.
JasmyCoin has seen a significant rise, gaining 50% a week and 83% a month. A 330% surge in trading volume to $516.48 million indicates high investor interest, which could drive demand. The volume-to-market cap ratio at 38.59% suggests volatility.
Moreover, Technical analysis shows a 50% gain since a trendline breakout. However, the RSI at 77.57 points signals overbought conditions, hinting at a potential correction. Still, the price maintains momentum, and investors expect up to a 20% increase before any major profit-booking occurs.
MACD indicator confirms bullish sentiment Analyst Captain Faibik expressed optimism on a X, noting that JasmyCoin (JASMY) has broken out from a bullish pennant formation on the daily chart, indicating potential for further upward movement.
Similarly, analyst Zen conveyed a positive outlook on the same platform, observing that JASMY was striving to overcome a bull flag pattern on the weekly chart. Zen added that a successful breakout could lead to historical price levels drawing the price upward like a magnet.
The combined analysis from both tweets suggests that JASMY's daily chart shows a consistent rise from its support level, staying above both the 50-day and 200-day Exponential Moving Averages (EMAs), signaling a strong bullish trend over the long term.
Likewise, the MACD indicator confirms this sentiment with a bullish crossover and an ascending histogram at 0.00063, while the RSI stands at 74.52, indicating an overbought condition. Should buyers lose momentum, the breakout's potential may be capped. However, if the price continues to climb despite challenges, it could lead to a significant upward surge.
If the breakout maintains its momentum, JasmyCoin's price could aim for higher levels, potentially reaching $0.0353 and, if surpassed, could extend gains up to $0.0495.
Conversely, if the price falls and re-enters the previous pattern, the bullish formations observed on the daily and weekly charts could lose their significance. Additionally, if JasmyCoin's price cannot hold above the $0.02239 mark, it may face a further decline towards the demand zone.
he Potential Price Prediction For JasmyCoin (JASMY)?
Based On Technical analysis, What Could Be The Potential Price Prediction For JasmyCoin (JASMY)?
An analyst, Captain Faibik, Tweeted with the bullish sentiment on the X platform that In JasmyCoin (JASMY) a slight breakout has taken place out of a bullish pennant pattern on the daily chart.
Similarly, based on the analyst tweet, the JASMY asset daily chart exhibits that it has been surging from support and remains above the 50-day, and 200-day EMAs, portraying bullish strength in the long-term.
Likewise, the MACD portrays a bullish cross, with a rising histogram in JASMY at 0.00033, and the RSI glared at 62.50, which has taken backing from 14-SMA line. It portrayed that the JasmyCoin crypto is not losing bet yet and could keep on riding higher in future sessions.
Therefore, if the breakout rallies strongly, the next goal for the JasmyCoin price could be to reach the above levels, such as $0.02750 and surpassing this could crack it up to $0.03500.
On the contrary, if the price deteriorates and trades back inside the pattern again, the bullish pattern made in Jasmy would fail its worth and would be failed.
Likewise, in this scenario, if the JasmyCoin crypto price fails to sustain above the $0.01650 level, it could also decline further towards the demand zone.
JasmyCoin Price Prediction: Can JASMY Sink Below 50 Day EMA? JasmyCoin price prediction shows that the crypto may rise to a high of $0.0285 id breaks above trendline resistance.
The JASMY price has dropped below 20 day EMA suggesting weakness over the daily chart.
The JasmyCoin price has made a breakdown below the 20 day exponential moving average and is extending losses towards the 50 day EMA on Tuesday. At the time of writing, the crypto was down nearly 6.21% and was trading close to 0.192 USD.
Earlier, the crypto maintained a positive trend outlook and continued to surge higher after registering a breakout in the third week of February. The price made its way to $0.0077 to $0.024 by the month end.
Thereafter, JasmyCoin price dropped from the highs in March however, to rebound from the dynamic support of 50 day EMA and surged higher. Currently, the recent swing high at $0.0247 has been acting as a supply whereas the 50 day EMA and $0.169 has been acting as a dynamic support. The crypto is stuck in the range and is consolidating in the range.
On the higher side, further breakout above the $0.024 may indicate a trend continuation and the crypto may show another rally. Whereas, for the sellers to dominate the $0.0169 level needs to be broken.
JasmyCoin Crypto Volume Analysis
The volume analysis shows that JasmyCoin received nearly 85.698 Million USD in volume in the past 24 hours which is nearly 7.40% lower as compared to the previous day. The above chart suggests that the volume inflow jumped much higher in the third week of February rising from 101 Million USD to 656 Million USD by the month end. The JASMY price witnessed an upthrust of nearly 260% in the period.
However, the volume inflow has been continuously dropping since the very start of March 2024 and has dropped below 100 Million USD as per the most recent data. The live market capitalization of JASMY is 970.998 Million USD and ranks 100th in the overall market.
JasmyCoin Volatility and Sentiments Study.
The volatility of JasmyCoin crypto surged higher in the Mid February after a breakout. However, the volatility has been cooling down since March 2024. The drop in volatility shows the price stabilizing at the lower levels.
The weighted sentiment data depicts the overall mood of the traders and investors on the buying or selling side. The overall weighted sentiment maintained a bullish view in February month. However, the sentiments dropped near the zero line in March 2024 and turned neutral to slightly bearish.
JasmyCoin Price Technical Outlook.
From a technical point of view, the price has dropped below the 20 day EMA indicating the weakening of the short term trend. However, the crypto hovers above the 50 and 200 day EMA suggesting a positive trend prevailing in the long term.
At the time of writing, the RSLI line was placed below the 48.25 points and that of the SMA line was placed at 56.75 points. The RSI line has stepped below the 50 day EMA suggesting a weakness in the short term.
JasmyCoin Price Prediction April 2024
The JasmyCoin price prediction for April 2024 shows that the crypto may advance to a high of $0.0285 if bulls are able to surpass the hurdle of $0.0247 on the higher side. Whereas, the less optimistic analysts estimate a price target of $0.124 on the lower side after the breakdown below $0.0169.
Conclusion.
The JasmyCoin price is extending the losses on the second consecutive session and has dropped below the 20 day exponential moving average. The short term trend outlook has weakened after the breakdown. Earlier, the price maintained a bullish outlook in the previous month and kept rising higher taking multiple support from 20 day EMA.
Moreover, the 50 day EMA may turn out to be a crucial zone. Any sustained move below the 50 day EMA may validate a continuation in the price correction. While if the bears fail to break below the 50 day EMA and the price reverses, it may again reclaim higher swings.
Technical levels:
Support levels: $0.0169 and $0.0124
Resistance levels: $0.0247 and $0.0285
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
the Jasmy asset is showing bullish signsThe price structure of Jasmy coin price prediction highlights that it was in a consolidation back in the year 2023, and was in a tough battle between bears and bulls. The recent year happened to be fruitful for the JASMYUSD over the daily chart, as it broke out strongly from the $0.00800 range in the last week of February 2024. The rally happened from the $0.00800 level to $0.02750 and jumped all in between resistances, such as the $0.01650 and $0.02250 levels respectively.
However, the price slipped some points due to a correction from the top price level, the Jasmy price plunged and formed support at the $0.01650 level, which is a previously broken resistance price level.
Even, the JASMY crypto has revealed a sign of sustenance as the price spiked from a crucial level of around $0.01650 on the chart. The JasmyCoin crypto appears like it is set for a colossal surge next, and could conquer the resistance level and rocket to new peak price levels from the current support.
The Jasmy asset has also been exhibiting bullish strength and rising capacity as it holds above major dynamic support levels of 20, and 50-day EMA's.
furthermore, the Jasmy Coin price prediction is displaying bullish behavior as MACD is above the zero line signifies that bulls are regaining their ground gradually. Likewise, the RSI is not near the 70 levels yet and is currently at 55.17, meaning that the Jasmy asset is not facing much resistance anymore and buyers are reactivating to extend its gains.
Additionally, the Jasmy asset is showing bullish signs and has the potential to grow further in the coming sessions. It has performed well in the past month, and quarter by 150.13% and 203.76% respectively, indicating a strong uptrend.
At press time, the Jasmy Coin crypto is experiencing a surge of 5.44% in the last 24 hours and is currently trading at $0.01977.
Therefore, if the demand for the Jasmy surges higher, then the Jasmy asset price could bounce back strongly from the current level. The next target as per the Jasmy Coin price prediction will be to reach $0.02250 and $0.02750.
However, if the JasmyCoin crypto price fails to stay above the $0.01650 level, it could decline further.
