JasmyCoin Breaks Crucial Resistance, JASMY Price Eyes New ATH

JasmyCoin is single-handedly trying to turn this boring crypto weekend into something newsworthy. While Bitcoin and most top altcoins didn’t move much on Saturday, JASMY price is making modest movements.

JasmyCoin is on a roll this weekend, showing some impressive price action while most of the crypto market is experiencing a lull.

JASMY price soared by 11% on a weekly chart, and it’s up over 110% in the last 30 days.

After breaking through the $0.026 resistance level earlier this week, it now managed to break past the $0.03 level, which I highlighted as the important area for JASMY to break in order to continue its uptrend.

Now that it has managed to break through this level, we might see a continuation of the bullish momentum.

However, the RSI is now at 69 on the daily chart, indicating that there’s not a lot of room before it enters the overbought area, which is over 70.

This could indicate that we might see a small correction before JASMY resumes its uptrend towards the ATH area, at around the $0.04 level.

The 200-day Moving Average will serve as strong support, currently at $0.02. This level could come into play if we see any major market crashes.

Volume has pumped by over 110% in the last 24 hours, reaching over $225 million during this period.

Based on the current technical indicators and price action, JASMY appears to be in a strong uptrend. However, the approaching overbought territory on the RSI suggests caution.

We might see a short-term pullback or consolidation before the next leg up. If the bullish momentum continues and JASMY can hold above the $0.03 level, the path to its previous ATH around $0.04 could be open.

As always, traders should remain vigilant and consider broader market conditions that could impact JASMY’s price movement.

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