JasmyCoin

CRYPTO

Read

Reversal

<ul> 
 <li>JasmyCoin (JASMY) surged 9.88%, showing a potential trend reversal with an inverse head-and-shoulders pattern on the price chart.</li> 
 <li>Increased trading volume during notable price movements highlights heightened trader interest and bullish market sentiment.</li> 
 <li>The key resistance level at 0.031839 USDT is being tested, with potential to reach 0.055289 USDT if trading volume surges further.</li> 
</ul> 
JasmyCoin (JASMY) has recently seen a <a href="https://x.com/Steph_iscrypto/status/1817173909092946289">remarkable surge</a> in its market performance. With a current market capitalization of $1.6 billion and a 24-hour trading volume of $145 million, JasmyCoin has ascended to the 53rd spot in the global cryptocurrency rankings.&nbsp; 
The recent developments in its price movements and trading patterns highlight a potential shift in market sentiment. 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$JASMY</a> is ON FIRE! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f525.png" alt="🔥" class="wp-smiley" style="height: 1em; max-height: 1em;"> Currently a 1.6 BILLION market cap, 145 MILLION in 24 hour volume, and the #53 ranked <a href="https://twitter.com/hashtag/Crypto?src=hash&amp;ref_src=twsrc%5Etfw">#Crypto</a> in the world. SEND IT! <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f680.png" alt="🚀" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"><img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f932-1f3fb.png" alt="🤲🏻" class="wp-smiley" style="height: 1em; max-height: 1em;"> <a href="https://twitter.com/hashtag/JASMY?src=hash&amp;ref_src=twsrc%5Etfw">#JASMY</a> <a href="https://t.co/YyZ7akZm0g">pic.twitter.com/YyZ7akZm0g</a>— Mr. Diamondhandz1
 <img src="https://s.w.org/images/core/emoji/15.0.3/72x72/1f48e.png" alt="💎" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@MrDiamondhandz1) <a href="https://twitter.com/MrDiamondhandz1/status/1817201899843486169?ref_src=twsrc%5Etfw">July 27, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script> 
 </div>
</figure> 
Price Levels and Movements 
At press time, Jasmy was trading at <a href="https://coinmarketcap.com/currencies/jasmy/">$0.03179</a> USDT, marking a substantial increase of 0.002863 USDT, or 9.88%, in value. This uptick reflects heightened interest and activity among traders. Analyzing the price chart reveals an inverse head-and-shoulders pattern, suggesting a potential reversal from a downtrend to an uptrend.&nbsp; 
<img decoding="async" width="631" height="575" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfnK1DXsW06qK3PcZrVnAHal78n7Qc4KBDxLVi5fZIoFZDXlG_ekMHLo7lYMCph2yhhSQWNHsts4D4vidth_ItYgwhjH6ggg9N5Oz1sDCAn8Wetdn-EFGfioVba3U9S-yEFAZ2Q7I1rl2iZG68i69f5nTk?key=IEDFFAK7XfU-7n99_qwDRw"> 
Source; <a href="https://x.com/Steph_iscrypto">STEPH IS CRYPTO</a> on X 
This pattern features three distinct lows, with the middle low (the head) being the lowest, flanked by two higher and roughly equal lows (the shoulders). The neckline of this pattern is at the current price level, indicating a critical point for further price movement. 
Resistance and Target Price 
The neckline at 0.031839 USDT is a crucial resistance level being tested. If JasmyCoin breaks above this level with <a href="https://cryptonewsland.com/jasmy-price-signals-breakout-0-05-expected/">increased trading volume</a>, it could signal the completion of the inverse head-and-shoulders pattern. The potential target price, derived from the height of the pattern, is approximately 0.055289 USDT.&nbsp; 
This projection involves measuring the distance from the head to the neckline and projecting it upwards from the breakout point. Although volume data is not explicitly shown, a surge in trading volume at this juncture would bolster the likelihood of reaching this target price. 
Volume and Confirmation 
Despite the absence of detailed volume data, the price chart suggests <a href="https://cryptonewsland.com/jasmy-price-pumps-as-bitcoin-recovers/">increased trading activity</a> during significant price movements. Notably, the current upward trend has been accompanied by periods of heightened trading volume, particularly during spikes.&nbsp; 
For instance, a recent price peak at 0.055289 USDT indicates strong buyer interest and bullish sentiment. The 4-minute interval setting of the chart highlights short-term fluctuations, further emphasizing the current positive trend. 
<img decoding="async" width="602" height="401" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXd9s9Ykt_z7Pg2uhC2CbNUwCzAwMzZwzW4rBLoHv-hsU--1Ebix5yd503bcVY27ewlQTfipqC57sOk68xCwejQ9zhEuD1535NdKOI3zgO6yiFOJituBApqxtbvPk9pyOO9IU4O2pR51hco1sTGn_ibbijc?key=IEDFFAK7XfU-7n99_qwDRw"> 
Source; <a href="https://coinmarketcap.com/currencies/jasmy/">CoinMarketCap</a> 
JasmyCoin’s price has shown resilience and a strong upward trend over the past day, with a notable rise from 0.02881 USD to 0.033 USD. The increasing volume during this period highlights growing market confidence.&nbsp; 
Although crypto markets are inherently volatile, the current momentum and patterns suggest that JasmyCoin may continue its upward trajectory in the near term. 
<h4 class="wp-block-heading" id="h-read-also">Read also</h4> 
<ul class="wp-block-yoast-seo-related-links yoast-seo-related-links"> 
 <li><a href="https://cryptonewsland.com/jasmy-prints-bullish-signals-indicating-potential-reversal-for-jasmycoin/">JASMY Prints Bullish Signals Indicating Potential Reversal for JasmyCoin</a></li> 
 <li><a href="https://cryptonewsland.com/jasmycoin-jasmy-skyrockets-apple-partnership-speculation-sparks-1-price-target/">JasmyCoin (JASMY) Skyrockets: Apple Partnership Speculation Sparks $1 Price Target</a></li> 
 <li><a href="https://cryptonewsland.com/jasmycoins-meteoric-rise-continues-jasmy-price-chart-indicates-significant-gains-ahead/">JasmyCoin’s Meteoric Rise Continues, JASMY Price Chart Indicates Significant Gains Ahead</a></li> 
 <li><a href="https://cryptonewsland.com/will-jasmy-surpass-the-1-mark-in-2024-insights-into-jasmycoins-future-growth/">Will JASMY Surpass the $1 Mark in 2024? Insights into JasmyCoin’s Future Growth</a></li> 
 <li><a href="https://cryptonewsland.com/jasmy-hidden-bullish-divergence-new-ath/">JASMY Chart Reveals Hidden Bullish Divergence, Massive Bull Pattern Could Propel JasmyCoin to New ATHs Soon</a></li> 
</ul> 
The post <a href="https://cryptonewsland.com/jasmycoin-surges-with-1-6b-market-cap/">JASMY Surges with $1.6B Market Cap and 9.88% Spike, Eyes Bullish Reversal</a> appeared first on <a href="https://cryptonewsland.com">Crypto News Land</a>.

JASMY Surges with $1.6B Market Cap and 9.88% Spike, Eyes Bullish Reversal

Crypto News Land

Otros artículos publicados el 27 jul 2024

Jupiter and JasmyCoin lead the rally: Top crypto gainers and losers of the day

Bitcoin Nears $70,000 As Trump Prepares To Deliver Historic Speech At Nashville

Base Dawgz Surges Past $2.7M Presale Milestone As Base Chain Ventures Into Political Arena

Crypto: Why could CZ of Binance stay in prison longer?

Benzinga Bulls And Bears: Tesla, AMC, Meta And Crypto Analyst Predicts Dogecoin Will Follow Histo...

WazirX REVEALS Community-Driven Recovery Plan After $230 Million Hack Loss

¡Únete a nuestro boletín gratuito para recibir actualizaciones diarias de criptografía!