Convergence

JasmyCoin

Momentum

Divergence

JasmyCoin Price Prediction: JASMY, a crypto project from a Tokyo-based Internet of Things company, has experienced a notable surge in price over the past 24 hours. The altcoin was trading at $0.03566 during the US daytime hours on Monday, marking a 4% increase according to data from <a rel="nofollow" href="https://coinmarketcap.com/currencies/jasmy/">CoinMarketCap</a>.&nbsp; 
This uptick comes amid a remarkable 143% spike in trading volume, positioning JasmyCoin’s 24-hour trading volume at approximately $243 million. The increase in volume and price has elevated the cryptocurrency’s market capitalization to around $1.76 billion, securing it the 53rd spot in market cap rankings.&nbsp; 
<h2 id="span-style-font-weight-400-jasmycoin-price-prediction-is-0-1-a-realistic-target-soon-span">JasmyCoin Price Prediction: Is $0.1 a Realistic Target Soon?</h2> 
<a href="https://coingape.com/markets/jasmy-price-analysis-jasmy-bulls-target-58-gains/">JasmyCoin price</a> has experienced a significant 80% increase in value over the last month, showcasing a strong bullish trend. On the JASMI price chart, continual upward movement is evident, marked by vibrant green waves that suggest further gains are on the horizon. 
Over the past week, <a href="https://coingape.com/jasmy-price-dips-massive-dumping-crypto-firm/">JamsyCoin</a> has traded in volatility, with bulls and bears fighting for control. The cryptocurrency saw significant fluctuations, with prices oscillating between sharp rallies and sudden declines.&nbsp; 
JASMY declined 5%, trading in a range of $0.032 to $0.04. Despite the downward pressure, the coin displayed moments of recovery spurred by positive market sentiments and speculative buying. 
<figure id="attachment_202746" aria-describedby="caption-attachment-202746" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-202746" src="https://coingape.com/wp-content/uploads/2024/06/JASMYUSD_2024-06-17_12-06-27-e1718616082749.png" alt="JasmyCoin Price Prediction: Can JASMY Hit $1 By End of June 2024?" width="1200" height="612">
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 JasmyCoin Price Prediction
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The cryptocurrency firm Jasmy is experiencing a significant uptick in value due to rumors that it may collaborate with <a rel="nofollow" href="https://blogs.nvidia.com/blog/japan-sovereign-ai/">Nvidia</a>, one of the top three global corporations. These rumors emerged following Jasmy’s announcement about developing AI infrastructure in Japan.&nbsp; 
Meanwhile, there is skepticism about this partnership since Nvidia has historically avoided substantial investments in the cryptocurrency sector. 
<h2 id="span-style-font-weight-400-technical-indicators-suggest-bullish-momentum-for-jamsy-span">Technical Indicators Suggest Bullish Momentum for JAMSY</h2> 
The bullish trend of JasmyCoin suggests a potential entry into a bullish market phase. The current upward movement hints that <a href="https://coingape.com/markets/jasmy-price-analysis-why-is-jasmy-coin-crashing/">JASMY</a> could soon surpass the resistance level of $0.04. As this positive trend continues, the price might approach $0.1. It is foreseeable that it could touch $1. 
However, if the market sentiment turns negative, JasmyCoin might find initial support at $0.036. If the downturn continues, the price will likely dip to around $0.035. In a scenario where the market becomes more bearish, there’s a risk that the price could fall to $0.03. 
The daily chart for JasmyCoin displays a notable price recovery, as observed in recent trading sessions. The Moving Average Convergence Divergence (MACD) shows a slight bullish crossover, with the MACD line crossing and the signal line crossing above the zero line. This movement suggests potential upward momentum in the coming days. 
<figure id="attachment_202745" aria-describedby="caption-attachment-202745" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-202745" src="https://coingape.com/wp-content/uploads/2024/06/JASMYUSD_2024-06-17_12-07-24-e1718615968447.png" alt="JasmyCoin Price Prediction: Can JASMY Hit $1 By End of June 2024?" width="1200" height="612">
 <figcaption id="caption-attachment-202745" class="wp-caption-text">
 JasmyCoin Price Prediction| Source: <a rel="nofollow" href="https://www.tradingview.com/x/pT017Bpw/">Tradingview</a>
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Additionally, the Relative Strength Index (RSI) is currently at 57, above the midpoint of 50. This indicates that the asset is neither overbought nor oversold; there is room for more surges ahead. 
The Average Directional Index (ADX), standing at 50.27, indicates a strong trend in JasmyCoin’s price movement. The Awesome Oscillator (AO) shows a reading of 0.00539, reflecting some increase in market momentum that could impact future price movements. 
The post <a href="https://coingape.com/markets/jasmycoin-price-prediction-heres-what-could-drive-jasmy-to-1-by-july/">JasmyCoin Price Prediction: Here’s What Could Drive JASMY To $1 By July</a> appeared first on <a href="https://coingape.com">CoinGape</a>.

JasmyCoin Price Prediction: Here’s What Could Drive JASMY To $1 By July

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