JasmyCoin Price Prediction: How JASMY’s 30% Jump Sets Stage for DePIN Comeback
JasmyCoin Price Prediction: 30% Surge Sets Stage for DePIN Comeback JasmyCoin surged 30% last week, taking the lead among DePIN coins. The Internet of Things (IoT) token beat majors Filecoin (FIL), Render (RNDR), and Arweave (AR) amid a widespread bullish wave. JasmyCoin price prediction shows an established solid technical structure intending to guide its recovery to reach $0.046—its most recent peak in June.According to the CoinMarketCap data, JasmyCoin soared 7% to exchange at $0.031 on Wednesday. This bullish return is reflected in the market cap’s 7% increase to $1.55 billion. However, a 25% decline in the 24-hour trading volume could signal dwindling interest among traders.JasmyCoin Price Prediction: Bull Run Breakout BeginsAfter plunging from June’s peak, JasmyCoin respected support at $0.02. The 200-day Exponential Moving Average (EMA) in purple reinforced the buyer congestion. This area of support functioned as a prime springboard, allowing bulls to immediately increase the ferocity of the battle for a sustainable trend reversal.With a renewed bullish push, JasmyCoin price pushed out of the descending channel as illustrated in the chart.So far, JASMY has climbed 67% above the key support and holds on top of the 20-day EMA in blue and the 50-day EMA in red. Also in line to cushion the DePIN coin from a deeper correction is the 38.2% Fibonacci retracement level at $0.029.JasmyCoin price prediction chart | TradingviewMeanwhile, traders may want to hold on until JASMY breaks above the 0.5 Fibonacci ratio resistance at $0.032 before entering new buy orders. That way they can avoid potential bull traps.On the other side of things, the Moving Average Convergence Divergence (MACD) indicator validates the bullish outlook in JasmyCoin. Traders would be inclined to keep their current long positions active, thanks to a buy signal.An incoming move above the neutral region backed by swelling green histograms would further keep JasmyCoin on track to the previous peak of $0.0446.Should the 20-day EMA flip the 50-day EMA to establish a golden cross pattern, there will be more reason to bet on a bigger climb possibly above $0.0446 before August.How JasmyCoin is Transforming DePIN and Data Security The JasmyCoin ecosystem is making major strides aimed at overhauling data security in the information age. On the backdrop of the developers of this project, is a desire to make data security a basic right and not a luxury as has been the case for many years.To achieve this tall order, JasmyCoin is partnering with key industry players, especially major technology companies including Panasonic Advanced Technology Co., Ltd.This partnership spearheaded the creation of a Web-3-based platform that seamlessly links information from people and the information produced by things through IoT. Frequently Asked Questions (FAQs) JasmyCoin, launched in 2021, originated from Jasmy Corporation, a Japanese tech company focused on secure data management for the Internet of Things (IoT). JasmyCoin is the 6th largest DePIN cryptocurrency and the 66th-largest in the industry. It boasts $1.5 billion in market cap and $150 million in trading volume. As an IoT-grounded project, JasmyCoin can shape the era of data security in both the crypto market through Web-3 and traditional economies via strategic partnerships. Related Articles XRP/BTC Price Analysis: XRP Price Soars As Ripple Transfer of $87.5M Sparks Settlement Rumours Mantra Price Prediction: OM Skyrockets On 50 Million Token Airdrop BONK Price Prediction Signals 55% Rally By July End, But There’s a Twist John Isige John is a seasoned crypto expert, renowned for his in-depth analysis and accurate price predictions in the digital asset market. As the Price Prediction Editor for Market Content at CoinGape Media, he is dedicated to delivering valuable insights on price trends and market forecasts. With his extensive experience in the crypto sphere, John has honed his skills in understanding on-chain data analytics, Non-Fungible Tokens (NFTs), Decentralized Finance (DeFi), Centralized Finance (CeFi), and the dynamic metaverse landscape. Through his steadfast reporting, John keeps his audience informed and equipped to navigate the ever-changing crypto market. Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.