JasmyCoin

Judging by the charts, JasmyCoin might be on track for a pullback following its recent surge. The price of JASMY previously showed a notable uptrend, marked by a green arrow.<h2 id="header-0">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />However, it seems to be forming a head and shoulders pattern, which typically indicates a bearish reversal. The left shoulder and head have already formed, and now the right shoulder seems to be taking shape.<h3 id="jasmycoin-price-surge-and-potential-correction">JasmyCoin Price Surge and Potential Correction</h3><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines002-31.png?resize&#61;640%2C169&amp;ssl&#61;1" />Weekly top gainers snap | Source: <a href="https://coinmarketcap.com/gainers-losers/" rel="noopener noreferrer nofollow">CoinMarketCap</a>JasmyCoin has experienced a remarkable 165% <a href="https://cryptosheadlines.com/avax-surges-past-25-targets-30-next/" rel="noopener noreferrer nofollow">surge over the past</a> week, reaching $0.01596 by 2:17 a.m. EST, making it the top gainer among the top 100 cryptocurrencies by market capitalization. However, recent chart analysis <a href="https://cryptosheadlines.com/significant-1000-surge-in-shiba-inu-shib-burn-rate-suggests-potential-price-rebound/" rel="noopener noreferrer nofollow">suggests a potential</a> correction may be on the horizon.The <a href="https://cryptosheadlines.com/terra-classic-stakers-losing-confidence-price-action-under-spotlight/" rel="noopener noreferrer nofollow">price action</a> of JASMY initially showed a significant uptrend, highlighted by a green arrow. However, there are signs of a head and shoulders pattern forming, typically indicating a bearish reversal. While the left shoulder and head have already formed, the right shoulder is currently developing.If this pattern completes with a right shoulder and the price falls below the neckline, it could signal a reversal of the current uptrend.<h2 id="header-1">Cryptos Headlines Token Airdrop Is Live, Claim Instant 5000 CHT Tokens Worth Of $50 Free On <a href="https://cryptosheadlinestoken.com/index.php/tokenomics/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a></h2><img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/Screenshot_5.png?fit&#61;1276%2C681&amp;ssl&#61;1" />The Money Flow Index (MFI) currently stands at 57, <a href="https://cryptosheadlines.com/shiba-inus-td-sequential-buy-signal-indicates-94-upsurge-rate/" rel="noopener noreferrer nofollow">indicating moderate buying</a> pressure. However, it is rapidly decreasing, suggesting fading buying momentum as it exits the overbought territory.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/02/cryptosheadlines003-31.png?resize&#61;640%2C305&amp;ssl&#61;1" />1-hour JASMY/USDT chart “ Source: <a href="https://www.tradingview.com/chart/mBPnB4WJ/?symbol&#61;CRYPTO%3ABTCUSD" rel="noopener noreferrer nofollow">TradingView</a>Meanwhile, the Relative Strength Index (RSI) sits at 53, indicating a neutral stance in price movement. However, its trajectory towards the oversold region supports the <a href="https://cryptosheadlines.com/top-5-cryptocurrencies-under-1-with-big-profit-potential/" rel="noopener noreferrer nofollow">potential for correction as investors may begin selling for profits</a>.<a href="https://cryptosheadlines.com/prospects-of-ethereum-etf-approval-impact-on-prices/" rel="noopener noreferrer nofollow">Also Read: Prospects of Ethereum ETF Approval: Impact on Prices</a>Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

JasmyCoin Price Surges 161% Weekly: Is It the Best Crypto to Buy Now?

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