JasmyCoin (JASMY) Price Prediction 2024: Will JASMY Rise Again?

JasmyCoin price prediction shows that JASMY is beginning to restart the uptrend after touching the daily low of $0.0192.

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JasmyCoin price prediction shows that JASMY is beginning to show signs of life after touching the daily low of $0.0192.

JasmyCoin Prediction Statistics Data:

Being an early adopter in the world of cryptocurrency can often lead to remarkable gains. If you had jumped on this particular JasmyCoin token at its all-time low of $0.002747 back on December 29, 2022, you’d have seen an incredible 616.62% increase by now. Even though it has experienced fluctuations, with a 24-hour range between $0.01956 and $0.02058, the token is still far from its peak. Back in February 2021, it reached an all-time high of $4.99 — meaning it’s down 99.61% from that level. However, with such a history of volatility, this token could still present opportunities for future gains, especially for those who invest early and hold long-term.

JASMY/USD Market

Key levels:

Resistance Levels: $0.025, $0.027, $0.029

Support Levels: $0.015, $0.013, $0.011

JASMY/USD recently experienced a bullish rally from the 19th to the 27th of last month but has since retraced into a consolidation phase. The price action now shows limited movement, with JASMY neither trending upward nor downward on the daily chart. There is a balance in the market as the asset consolidates within a defined range.

JasmyCoin Price Prediction: Price May Begin to Break Higher

In the past few days, JasmyCoin’s price has been following the downward movement, but the bulls resumed the market and began to push the coin toward the resistance level of $0.020. Meanwhile, JASMY’s price action remains in a state of balance, with no immediate signs of a breakout. While the coin has upside potential, a more bullish market environment is necessary to sustain a break above the 9-day and 21-day moving averages.

Nonetheless, bears may take advantage of the coin if it slides and faces the lower boundary of the channel. However, the 9-day MA is seen crossing below the 21-day MA, which could increase the bearish movement. But, if JasmyCoin price crosses above the moving averages, it could spike toward the upper boundary of the channel, crossing above this barrier could hit the resistance levels of $0.025, $0.027, and $0.029, but crossing below the lower boundary of the channel may bring the price down to the supports at $0.015, $0.013, and $0.011.

JASMY/BTC Trades Bearishly

Against Bitcoin, the JasmyCoin price is seen hovering below the 9-day and 21-day moving averages. However, intraday trading is bearish as the coin moves toward the lower boundary of the channel to reach the support level at 2500 SAT and below.

On the contrary, if the buyers push the market above the moving averages, any bullish movement to the upside may cause this coin to hit the resistance at 3800 SAT and above. Meanwhile, the 9-day moving average is crossing below the 21-day moving average, suggesting a bearish signal.

However, @Steph_iscrypto, who has a following of over 20k on X (formerly Twitter), emphasized that #Jasmy must maintain its price above $0.015 on the weekly timeframe to preserve the integrity of its larger cup and handle pattern. Holding this critical support level is key for the continuation of its bullish momentum and potential future breakout.

#Jasmy needs to hold above $0,015 on the weekly timeframe to keep the larger cup and handle formation alive pic.twitter.com/HrHeI9J7YW

— STEPH IS CRYPTO (@Steph_iscrypto) October 7, 2024

JasmyCoin Alternatives

JasmyCoin (JASMY) is currently consolidating within a critical range, with key support around $0.019 to $0.020 and resistance at the significant 2-cent mark. A breakout above this resistance, particularly driven by broader market trends or a bullish move in Bitcoin, could push JASMY to test the $0.022 level. However, a failure to hold its support may result in further declines, especially if Bitcoin weakens. Meanwhile, a Layer 2 cryptocurrency project called Pepe Unchained has raised nearly $18 million in

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