Rally

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JasmyCoin

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<p>In recent months, JasmyCoin price had an excellent performance. JASMY reached an ATH of around $0.04 last month.</p>
<p>However, the JASMY price then entered a correction phase. Amid this week’s crypto market crash, JasmyCoin price declined quickly and touched the $0.022 level.</p>
<p>But, where’s <a href="https://coinmarketcap.com/currencies/jasmy/" target="_blank" rel="noopener noreferrer nofollow">JASMY price</a> headed next?</p>
<h2 class="wp-block-heading" id="jasmy-price-prediction-and-analysis">JASMY Price Prediction and Analysis</h2>
<p>Since hitting its peak in June, JASMY has been trading within a descending channel, as illustrated by the blue lines on the JASMY/USD chart. Today’s market activity saw JASMY’s price surge by 15%, outpacing most other top 100 altcoins by market capitalization.</p>
<p>Only CORE and SHIB managed to post larger gains today out of other <a href="https://captainaltcoin.com/hot-cryptocurrencies-to-buy/" target="_blank" rel="noopener noreferrer nofollow">top altcoins</a>. This reversal is particularly important given the challenging week experienced across the crypto market.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="411" src="https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-1024x411.png" alt="" class="wp-image-521771" srcset="https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-1024x411.png 1024w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-300x121.png 300w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-767x308.png 767w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-1536x617.png 1536w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-2048x823.png 2048w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-373x150.png 373w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-100x40.png 100w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-871x350.png 871w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196-788x316.png 788w, https://captainaltcoin.com/wp-content/uploads/2024/07/image-196.png 1775w" sizes="(max-width: 1024px) 100vw, 1024px">
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  Source: <a class="thirstylink" rel="noopener noreferrer nofollow" target="_blank" title="Tradingview" href="https://captainaltcoin.com/go/tradingview-3/" data-shortcode="true">TradingView</a>
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<p>Following today’s pump, JASMY is trading around $0.024.</p>
<p>However, it has not yet broken out of the descending channel. To do this, JASMY would need to break $0.026 area. If this happens and overall market sentiment remains positive, JASMY could swiftly revisit the $0.03 level before potentially “attacking” new all-time highs.</p>
<p>In the event of big pullbacks, the $0.017 level is expected to serve as strong support, aligning with the 200-day moving average. Technical indicators offer mixed signals: <a href="https://www.investopedia.com/articles/forex/05/macddiverge.asp" target="_blank" rel="noopener noreferrer nofollow">the MACD line’s</a> recent cross above the signal line suggests bullish momentum, while the daily RSI at 53 indicates moderate strength.</p>
<p>When it comes to the <a href="https://www.binance.com/en/price-prediction/jasmy" target="_blank" rel="noopener noreferrer nofollow">JASMY price forecast</a>, this will likely depend on its ability to break out of the current descending channel and, of course, the broader crypto market conditions.</p>
<p>A (strong) move above $0.026 could pave the way for further gains. On the flip side, failure to do so might result in continued consolidation within the channel and closer to the 200-day moving average area.</p>
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<h2 class="wp-block-heading" id="analyst-weighs-in-on-jasmy-price">Analyst Weighs In on JASMY Price</h2>
<p>A popular analyst that goes by the name ‘LAMBO’ and has over 30,000 followers on X (Twitter), tweeted today about JASMY’s price action. The analyst noted that even though JASMY initially broke below a critical support level, suggesting a bearish move, he now suggests waiting for the weekly close before drawing definitive conclusions.</p>
<p>LAMBO observed that the JASMY price has since recovered, climbing back above the support level and showing signs of a potential bounce. He also emphasized that a close above $0.024 could shift the outlook to bullish.</p>
<p>This is pretty much in line with our analysis above.</p>
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   <p lang="en" dir="ltr"><a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$JASMY</a> broke below the retest for a bearish move but as I had earlier mentioned, be only become bearish on the weekly close!<br><br>Telegram: <a href="https://t.co/71apcaZ06R" target="_blank" rel="noopener noreferrer nofollow">https://t.co/71apcaZ06R</a><br><br>Now it has recovered back above the support and look to be bouncing off here! <br><br>NOW WAITING FOR THE WEEKLY CLOSE OFF… <a href="https://t.co/vw4GbaLoC7" target="_blank" rel="noopener noreferrer nofollow">https://t.co/vw4GbaLoC7</a> <a href="https://t.co/0iOcYCIeSU" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/0iOcYCIeSU</a></p>— Team LAMBO (@TehLamboX) <a href="https://twitter.com/TehLamboX/status/1809608942265434133?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 6, 2024</a>
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<p>The conclusion of his take could be that the weekly closes often provide a more reliable indicator of overall trend direction.</p>
<p>Today’s surge is promising, but it’s just one piece of a larger puzzle.</p>
<p>If you are a JASMY holder or looking to trade this coin in the next few days and weeks, you should keep a close eye on whether JASMY can break out of its descending channel and how it performs in the coming weekly close.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/cardano-ada-to-dip-by-40-if-crucial-support-fails-fetch-ai-fet-recovery-hinges-on-this-trendline-breakout/" target="_blank" rel="noopener noreferrer nofollow">Cardano (ADA) to Dip by 40% if Crucial Support Fails; Fetch.ai (FET) Recovery Hinges on This Trendline Breakout</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/jasmycoin-outperforms-other-altcoins-again-will-jasmy-price-rally-continue/" rel="noopener noreferrer nofollow">JasmyCoin Outperforms Other Altcoins Again – Will JASMY Price Rally Continue?</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

JasmyCoin Outperforms Other Altcoins Again – Will JASMY Price Rally Continue?

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