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- 1 The JasmyCoin price witnessed range-bound moves this week, hovering near $0.02100.
- 2 The Buyers are looking to carry forward the bullish move away from the $0.02500 mark.
The JasmyCoin (JASMY) price signifies a buy-on-dips scenario and flies above the key moving averages beyond the round mark of $0.02000, witnessing an uptrend on the charts. The JasmyCoin news indicates bullishness and is glimpsing higher high swings for the past sessions. The trend is intact; buyers have persisted in accumulating JASMY and are willing to extend the rally above the $0.02500 mark.
At press time, the JASMY price was trading at $0.02100 with an intraday drop of 6.67%, indicating neutrality on the charts. It has a monthly return ratio of 270.90% and 301.76% on a yearly basis. The pair of JASMY/BTC is at 0.000000293 BTC, and the market cap is $100.38 Million. Analysts are bullish and suggest the JASMY price will trigger an up move and may surpass the $0.03000 mark soon.
JASMY Reflects Uptrend; Volume Remains Average
The JasmyCoin witnessed an uptrend and spiked 30% this week, glimpsing a bullish momentum on the charts. Moreover, the trading volume continues to fluctuate and decline this week. The intraday trading volume slid to $152.25 Million, and a drop of 24% was noted.
Volatility and Sentiment Signal Neutral Outlook
The price volatility keeps declining, and the value of JASMY remains steady, signifying a low selling pressure. Additionally, the volatility curve slips to 0.021. However, the total weighted sentiment stands positive at 1.548, which hints at a positive development.
Social Dominance and Network Growth Analysis
As per the data, the social dominance data witnessed a sharp spike, skyrocketing since the start of 2024. The curve rose to 0.428%, replicating a positive discussion and media reports on JasmyCoin. Additionally, the circulating supply of the coin is 4.75 Billion; a surge of over 30% was recorded last month. Moreover, the network growth data jumps by 54% to 128, revealing the positive metrics of the crypto.
Transaction Volume and Active Addresses Indicate a Positive Outlook
The JasmyCoin witnessed a rise in the transaction count and surged over 129% to 280, glimpses of a positive development. Moreover, the active addresses data suggests a decline of over 13.04% to 1343 in the last 24 hours. The transaction or transfer volume also witnessed a sharp rise of over 1091.16% to 6.6 million in the previous 24 hours.
JASMY Witnessed Double Bottom Breakout; Can Bulls Extend Gains Beyond $0.03000?
The weekly charts noted a double bottom formation and a breakout of the neckline hurdle of $0.01000. Afterward, the JASMY flights went away by over 110% in the last month. Moreover, the price action shows a sharp pullback and a trend reversal has been witnessed in the past weeks.
The Relative Strength Index (RSI) curve stays near 76 in the overbought zone, forming a positive divergence on the charts. Moreover, the MACD indicator shows a bullish crossover and suggests a positive outlook for the following sessions.
Summary
The JasmyCoin (JASMY) price continues to advance gains and is witnessing an uptrend, reflecting the higher high swings. Moreover, the trend is intact, and buyers are showing their domination, intending to cross the upside of $0.02500 in the following sessions.
Technical Levels
Support Levels: $0.02000 and $0.01800
Resistance Levels: $0.02200 and $0.02500
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.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
