JasmyCoin Price Prediction As JASMY Defies Bearish Calls To $0.02
JASMY exhibited a more robust technical structure on Tuesday, upholding efforts made since the recovery started last week. Based on the JasmyCoin price prediction chart, traders anticipate a return to the previous month’s peak of $0.0445.JasmyCoin Price Prediction: Assessing the Short-Term Bullish Structure JasmyCoin maintained a price of $0.0315 during Tuesday’s US trading session, representing a 3% increase over the previous 24 hours, CoinMarketCap data shows. With trading volume at $160 million and market capitalization at $1.55 billion, both on the rise, trader interest is growing. JASMY’s bullish structure commenced after the July sell-off, which ended with support at $0.02, coinciding with the 200-day Exponential Moving Average (EMA).Amid the oversold conditions, traders spotted opportunities to buy the dip. This increased liquidity allows momentum to build up for a significant trend reversal.Bulls took down the critical resistance at $0.025, close to the 78.6% Fibonacci level and at $0.03.Several indicators signal that JasmyCoin is still in the buy zone, especially with the technical structure hinting at a breakout to June’s peak of $0.0445. Traders may increase profits with entries above $0.031, with support confirmed at $0.025.Backing the uptrend is a buy signal from the Moving Average Convergence Divergence (MACD) indicator, which currently holds above the neutral area. As the green histograms grow in size, JASMY will gain traction to tackle resistance at $0.035 and $0.04.A golden cross established on the same four-hour chart significantly increases the chances of a larger breakout. This pattern occurs when a short-term moving average crosses above a long-term one, signaling a potential bullish trend. JasmyCoin price prediction reveals that traders can use the golden cross as a buy signal, indicating a potential price increase. However, pairing it with other indicators like the MACD and the RSI for confirmation is essential.JasmyCoin price prediction | TradingviewConversely, the odds will turn against JASMY’s potential rally should sell-side pressure increase as traders cash out for profit. A correction below $0.03 could turn bloody, with downside risk increasing to $0.025 and $0.02 support areas. Frequently Asked Questions (FAQs) JasmyCoin aims to decentralize data control, allowing users to securely own and monetize their personal information through blockchain and IoT technology. JasmyCoin seems poised to rally above $0.04 and tag June's peak of $0.0445, backed by a solid technical structure. The analysis above supports a sustainable uptrend in the JASMY coin. Investors must consider risk and conduct further research before buying the token. Related Articles Solana Price Holds Above $180 Despite Recent Volatility and SEC Legal Updates Arbitrum Price Analysis: $0.60 Support in Jeopardy as User Activity Plummets Maker Governance Greenlights LitePSM Upgrade: Can MKR Hit $3k? 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.