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- 1 The price stability and reduced volatility suggest that JasmyCoin is poised for potential further gains as the market dynamics favor the bulls.
- 2 Jasmy supply distribution based on the number of addresses signifies that the market sentiment and interest for the token has increased significantly.
The 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 EMAs.
Furthermore, the JasmyCoin price chart is displaying bullish behavior as MACD is above the zero line signifies that bulls are regaining their ground gradually. Also, the RSI is not near the 70 level yet and is currently at 55.17, meaning that Jasmy is not facing much resistance and buyers are reactivating to extend its gains.
Additionally, the Jasmy has performed well in the past month, and quarter by 150.13% and 203.76% respectively, indicating a strong uptrend.
Jasmy Coin Price Prediction Over Daily Chart
At press time, the JasmyCoin had surged 5.44% in the last 24 hours and was 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.
Jasmy Supply Distribution Based On Number Of Addresses
Jasmy supply distribution based on the number of addresses exhibits that the addresses containing (1-10 coins), (10- 100 coins), (100-1,000 coins), and (1000-10,000 coins) are increasing rapidly. These metrics highlight that the retail holding is increasing which signifies that the market sentiment and interest in the token has increased significantly.
Jasmy Volatility (1W) Against Price Highlights
This chart exhibits the contrast between the volatility with the price movement in the JasmyCoin crypto. The crypto has shown wonderful growth in earlier sessions. However, the price witnessed a price correction in the last two weeks, which led the price to form a support and now the price shows bullish traits and the volatility has been much lower, illustrating stability in the price.
Moreover, the JASMY crypto seems comfortable at current price levels, indicating that the sellers are now sitting in the rear or getting weaker, and the bulls may assist the crypto price to drive towards higher price levels.
Summary
JasmyCoin has shown a promising trend, breaking out from a consolidation phase of 2023 to significant gains in early 2024. It surged from $0.00800 to $0.02750, overcoming resistance levels along the way.
Despite a recent price correction, it found support at $0.01650, a level it previously surpassed. Currently, JasmyCoin is up 5.44% in the last 24 hours, trading at $0.01977.
According to the Jasmy coin price prediction, if demand continues, it could reach new highs of $0.02250 and $0.02750. However, failing to maintain the $0.01650 support could lead to further declines.
Additionally, retail holdings are growing, indicating rising market sentiment and interest. The price stability and reduced volatility suggest that JasmyCoin is poised for potential further gains as the market dynamics favor the bulls.
Technical Levels
Support Levels: $0.01650
Resistance Levels: $0.02250
Disclaimer
In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
