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- 1 The Jasmycoin revealed a sharp upward movement and rolled above $0.01000.
- 2 The EGO token represented a rebound from the 50-day EMA mark.
- 3 Delivering a rally, the COTI coin glimpsed a massive intraday surge of over 40%.
Jasmycoin (JASMY), EGO (EGO), and COTI (COTI) have replicated signs of bullish momentum and outperformed this week. Moreover, these cryptocurrencies have just begun the bull run and are worth buying now. The crypto market is in a bullish momentum, and this article helps investors pick some of the top cryptos poised to outperform in 2024.
JASMY Exhibits Breakout: Can Bulls Stretch Rally Above the 100-day EMA?
The Jasmycoin (JASMY) noted a sharp buying momentum and fled the 50-day EMA mark with a substantial rise in volume, indicating signs of block deals or institutional buying activity. A double bottom formation was noted near the demand zone of $0.002000, and multiple hurdles were broken out in a single go. However, the buyers failed to surpass the 100-day EMA mark, and rejection was noted, which led to profit booking in the last three sessions.
The Jasmycoin (JASMY) price was $0.0126 at press time, with an intraday drop of 17.25%, showing profit booking on the charts. Moreover, the trading volume has increased by 64.28% to $401.84 million, and the market cap has dropped to $60.07 million. Analysts are bullish and suggest that Jasmycoin (JASMY) may continue to sparkle gains and reach $0.02000 soon.
The EGO Token Price Rebounded From the 50-day EMA Mark, Is It Ready to Outperform?
The EGO token has noticed a notable bounce, fled the range neckline of $0.04000, and buying momentum was reflected. However, the token is yet to cross the supply region of $0.04500. Moreover, the token has gained momentum, and a trend reversal was glimpsed, which bulls took advantage of and persisted in accumulation.
The EGO token (EGO) price was $0.04252 at press time, with an intraday gain of 3.81%, showing buying momentum on the charts. Moreover, the trading volume has increased by 12.89% to $3.20 Million, and the market cap rose to $13.73 Million. Analysts are bullish and suggest the EGO token(EGO) has picked momentum and may surpass the hurdle of $0.04500.
COTI Enlisted the Falling Wedge Breakout: Can It Reach $0.1800?
The COTI coin displayed a falling wedge breakout and sharply fled the 100-day EMA mark; the intense buying momentum led to a surge of over 40% in the intraday session. Moreover, the coin has reached the 200-day EMA, and a huge bullish marubozu candlestick was formed, representing the bullish momentum. The coin has regained momentum and is heading toward $0.2000.
The COTI coin (COTI) price was $0.1406 at press time, with an intraday gain of 41.11%, showing bullish momentum on the charts. Moreover, the trading volume has increased by 707.85% to $155.45 Million, and the market cap rose to $121.13 Million. Analysts are bullish and suggest the COTI coin (COTI) has escaped the 200-day EMA mark, and the rally could strike toward $0.2000 soon.
Summary
Jasmycoin (JASMY), EGO token (EGO), and COTI coin (COTI) were outperforming the crypto market and picked momentum this week. Investors must watch out for the below-mentioned levels before making any positions.
Technical Levels
Support Levels of JASMY:$0.01100 and $0.01000
Support Levels of EGO: $$0.04000 and $0.03800
Support Levels of COTI: $0.1300 and $0.1000
Resistance Levels of JASMY: $0.01400 and $0.01800
Resistance Levels of EGO: $0.04400 and $0.04800
Resistance Levels of COTI: $0.1600 and $0.2000
Disclaimer
The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.
Nancy J. Allen is a crypto enthusiast, with a major in macroeconomics and minor in business statistics. She believes that cryptocurrencies inspire people to be their own banks, and step aside from traditional monetary exchange systems. She is also intrigued by blockchain technology and its functioning. She frequently researches, and posts content on the top altcoins, their theoretical working principles and technical price predictions.
