JASMY or JasmyCoin rose over 4% after a speedy market recovery helped the token gain momentum.

Being one of the top gainers of the day, JASMY is currently trading at $0.02156, up over 3.39% as compared to same time last day.

JASMY or JasmyCoin rose over 4% after a speedy market recovery helped the token gain momentum. Being one of the top gainers of the day, JASMY is currently trading at $0.02156, up over 3.39% as compared to same time last day.

Is JASMY overbought?

Recently, JasmyCoin has seen a huge surge in market cap and popularity. Though at the present the trading volume for the token is down, the past month, it has surged to keep the price afloat. Because of this, given its extreme volatility, some market analysts think that JasmyCoin is overbought and may have a price correction soon.

The momentum oscillator known as the Relative Strength Index (RSI) is a widely used indicator that indicates when a cryptocurrency is overbought (above 70) or oversold (below 30). The RSI number right now is 30.14, indicating a neutral attitude for the JASMY market.

Why is JASMY becoming more popular?

Investors are trying to gain profits out of JASMY’s upbest trading. What sets the token apart from its market peers is the project’s vision to use blockchain technology and Internet of Things (IoT) to safeguard and restore the sovereignty of individual data. The main idea behind it is to create a safe space where people can communicate data without any sense of trust.

Will JASMY see more green trading days in future?

The price of JasmyCoin (JASMY) was $1.4001 when it was first strated trading in February 2021. It increased swiftly to reach its all-time high (ATH) of $4.99 on February 15. Thereafter, JasmyCoin saw a steady decrease, dropping 99.95% of its value before reaching its lowest point of $0.002747 in December 2022. After spending eighteen months below $0.01, JasmyCoin eventually rose above it again in February 2024.

Many market participants have expectations for JasmyCoin in 2024 and 2025, since the token is expected to rise in tandem with broader market gains in both years.

For the time being, JasmyCoin needs to break over the $0.033 barrier, but when the trend turns positive, many investors anticipate a long-term increase to $0.039 for JasmyCoin.

In the upcoming month, Jasmy’s 200-day SMA will grow, reaching $0.026144 on September 5, 2024. During the same time, Jasmy’s short-term 50-Day SMA is predicted to reach $0.036248.

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