2024

Spike

Read

Divergence

<ul>
 <li>The ongoing crypto correction phase continues to slaughter the crypto market.</li>
 <li>JASMY has now fallen victim to this dip trend and falls by over 7% in the last 24 hours.</li>
 <li>Analysts notice bullish divergence patterns emerge for JASMY suggesting bull spike soon.</li>
</ul>
<p>The crypto dip has come for <a href="https://jasmy.global/" target="_blank" rel="noopener noreferrer nofollow">JasmyCoin</a>, as JASMY price dips below $0.04 falling by over 7% to <a href="https://coinmarketcap.com/currencies/jasmy/" target="_blank" rel="noopener noreferrer nofollow">$0.036 over the last 24 hours</a>. As the JASMY community holds strong on their faith in the popular altcoin, new bullish information comes to light.&nbsp;</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JASMY</a> (JasmyCoin) and the "Hidden Bullish Divergence" <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f4ca.png" alt="📊" class="wp-smiley" style="height: 1em; max-height: 1em;">:<br><br>In Technical Analysis, a Hidden Bullish Divergence is a pattern that can suggest and indicate a continuation in an already-existing uptrend.<br><br>This pattern occurs when the prices of an "asset" forms Higher Lows while the… <a href="https://t.co/pj7a8M7zyh" rel="noopener noreferrer nofollow">pic.twitter.com/pj7a8M7zyh</a></p>— JAVON <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;">MARKS (@JavonTM1) <a href="https://twitter.com/JavonTM1/status/1800258202870693956?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>According to the post above, this user notices an interesting move in the JASMY price action. He believes a hidden <a href="https://cryptonewsland.com/jasmy-prints-giant-cup-and-handle-pattern-signaling-major-bullish-movement-taking-jasmy-price-to-0-7/" target="_blank" rel="noopener noreferrer nofollow">bullish divergence</a> in emerging for the asset in technical analysis. During the dip, JASMY almost pushed past rank 50 as largest market cap, perhaps this bullish divergence will take it over rank 50.</p>
<p>He marks this pattern that indicates a continuation in an already existing uptrend which means JASMY is gearing up for another leg up. In particular, this pattern will take the asset to form higher lows while the momentum oscillator forms lower lows giving the impression of a price pullback.&nbsp;</p>
<p>However, this increases buying pressure which in this case is still very strong. Thus, a <a href="https://cryptonewsland.com/jasmy-rises-up-taking-rank-51-in-market-cap-and-continues-its-bullish-upward-rally-amid-hard-altcoins-crash/" target="_blank" rel="noopener noreferrer nofollow">bullish continuation</a> takes place. For JASMY specifically, this pattern could yield a 200% uptrend and take the asset up in a massive upwards trendline very soon.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JASMY</a> has broken down the channel, Can it hold the bullish structure?<br><br>I think the Macro bullish structure holds but it might certainly go for a retest of 0.035$ on the fibs and then prepare for a bounce up!<br><br>For the time being, let the new structure form and then we see if its… <a href="https://t.co/Du6ljQcjwU" rel="noopener noreferrer nofollow">https://t.co/Du6ljQcjwU</a> <a href="https://t.co/N9wQlqA0Dk" rel="noopener noreferrer nofollow">pic.twitter.com/N9wQlqA0Dk</a></p>— Team LAMBO (@TehLamboX) <a href="https://twitter.com/TehLamboX/status/1800158959283868150?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 10, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Meanwhile, another user shares how JASMY price has broken down its upward channel and wonders if it can hold its bullish structure. To this he says that the marco bullish structure holds up but could very much go through a retest at $0.035. It it breakthrough then a bounce up is imminent.&nbsp;</p>
<p>Despite this analysis, the user believes that the asset should form new structures to truly see if JASMY is bullish or not. Even so, he expects the JASMY price to surpass $0.05 this JUne and hopes to see the asset pull through.&nbsp;&nbsp;</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/bitcoin-shows-bullish-divergence-after-price-bounces-from-25-3k-support/" rel="noopener noreferrer nofollow">Bitcoin Shows Bullish Divergence After Price Bounces From $25.3K Support</a></li>
 <li><a href="https://cryptonewsland.com/bullish-jasmy-sentiment-accelerates-jasmycoins-price-trajectory-to-hit-1-5-soon-will-jasmy-surpass-10/" rel="noopener noreferrer nofollow">Bullish JASMY Sentiment Accelerates JasmyCoin’s Price Trajectory to Hit $1-$5 Soon, Will JASMY Surpass $10?</a></li>
 <li><a href="https://cryptonewsland.com/jasmy-will-hit-17-according-to-jasmycoin-cfo-and-ceo-an-expectation-for-when-jasmy-hits-107-million-users/" rel="noopener noreferrer nofollow">JASMY Will Hit $17 According to JasmyCoin CFO and CEO, an Expectation for when JASMY Hits 107 Million Users</a></li>
 <li><a href="https://cryptonewsland.com/jasmy-prints-giant-cup-and-handle-pattern-signaling-major-bullish-movement-taking-jasmy-price-to-0-7/" rel="noopener noreferrer nofollow">JASMY Prints Giant Cup and Handle Pattern Signaling Major Bullish Movement Taking JASMY Price to $0.7</a></li>
 <li><a href="https://cryptonewsland.com/jasmy-ton-and-not-rise-as-best-cryptos-to-accumulate-during-this-correction-phase-bullish-momentum-ahead/" rel="noopener noreferrer nofollow">JASMY, TON, and NOT Rise as Best Cryptos to Accumulate During This Correction Phase, Bullish Momentum Ahead</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/jasmy-dips-as-correction-phase-prevails-analysts-notice-hidden-bullish-divergence-pattern-jasmy-spike-soon/" rel="noopener noreferrer nofollow">JASMY Dips as Correction Phase Prevails, Analysts Notice Hidden Bullish Divergence Pattern, JASMY Spike Soon</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

JASMY Dips as Correction Phase Prevails, Analysts Notice Hidden Bullish Divergence Pattern, JASMY Spike Soon

Crypto News Land

Other articles published on Jun 11, 2024

Bitcoin Cash and Dogecoin Investors Flock to MoonBag's Stellar Presale Raising $2 Million In One ...

Bitfarms Adopts Poison Pill to Block Riot’s Takeover Bid

Shiba Inu Burn Rate Spikes 2800% Amidst SHIB Price Decline

PancakeSwap Integrates Zyfi for Seamless Gas-Free Transactions on zkSync Era

Solana Faces Price Decline and Market Challenges

Investors Analyze Popular Altcoins

Join our free newsletter for daily crypto updates!