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- 1 JASMY crypto price showcased reversal and is healing toward the 20 day EMA mark.
- 2 Technical indicators are suggesting a pullback ahead.
The Jasmycoin (JASMY) price witnessed retracement and has slipped to trendline support zone of $0.02000 mark reflecting indecisiveness among investors. This month, the coin witnessed pump and dump movements and is heading toward the 20-day EMA mark. The price action shows a bullish flag pattern and that the coin is awaiting a bounce to register a breakout.
At press time, the Jasmycoin (JASMY) price was trading at $0.02103 with an intraday drop of 3.45%, reflecting neutrality on the charts. It has a monthly return ratio of 29.80% and 363.90% on a yearly basis. The pair of JASMY/BTC is at 0.000000298 BTC, and the market cap is $100.08 Million. Analysts are bullish and suggest that Jasmycoin price may retain the bullish momentum and will cross the upside hurdle of $0.2700 soon.
Jasmy Price To Volume Profile Reveal Bullishness
The above data showcased the price to volume profile of the Jasmycoin which signifies an uptrend on the charts. Moreover, the price action indicates that the coin has decisively held the gains above the key moving averages and has remained in the bullish territory. However, the trading volume dragged by 2.38% to $110.56 Million, signifying average buying interest.
Price Volatility, Whale Transaction and Sentiment Analysis
Per the Santiment data, the volatility curve reflected a decline and has dragged over 3.89% to 0.023, whereas the whale transaction count showcased steady move, noting around 3.40. However, the weighted sentiment signifies neutrality and the value remained close to the midline near 0.364.
Social Dominance and Social Volume AI Outlook
The Social dominance data reflected a follow on decline and the value dropped to 0.017% showcased a negative outlook among the investors on the social media platforms. However, the social volume data remained neutral and the value stands near 13.
Per the Fib retracement levels, the coin has revealed bullish momentum and remained above the 50% fib zone, whereas the price sustained in the upper bollinger band. However, the trend is favoring a bounce and showcased a bullish flag pattern, where the trendline hurdle of $0.02300, if broken, a much awaited rally is likely.
The RSI curve stayed in the overbought zone and formed a positive divergence suggesting a bullish trend ahead. Moreover, the MACD indicator shows a bullish crossover.
The total supply of the Jasmycoin is 50 Billion and the volume to market cap ratio is 1.08. Per the market cap, the coin stands at 431 in the global crypto market.
Summary
The Jasmycoin (JASMY) price showcased bullish waves and is ready to uplift the gains toward the supply region of $0.02800. Moreover, the technicals are suggesting a bounce ahead and suggest that the following sessions will show good performance.
Technical Levels
Support Levels: $0.02500 and $0.02200
Resistance Levels: $0.03000 and $0.03200
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.
Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.
