Rally

2024

Daily

<ul class="list-ic vertical">
 <li>1 <a>Jasmy coin price stayed flat around the 20 day EMA mark throughout the week.</a></li>
 <li>2 <a>Analysts displayed a positive outlook and could accelerate.</a></li>
</ul>
The Jasmycoin (JASMY) price stayed flat around the 20 day EMA support zone and is waiting for another bullish wave to extend the bullsh rally.
The crypto broke out by over 100% and reached the supply zone of $0.04460. After the rally, investors booked their gains off the table triggering a price retracement over the last weeks.
After the bullish flag pattern, the coin decisively gained on the primary support zone of $0.03000. Once JASMY crosses the prompt hurdle of $0.3300, buyers would gain traction, after which a follow-on rise could be seen.
At press time, JASMY was trading at $0.3010&nbsp; with an intraday surge of 1.02%, reflecting neutrality on the chart. It has a monthly return ratio of 29.20% and 609.20% yearly.
The pair of JASMY/BTC is at 0.000000493 BTC, and the market cap is $143.11 Million. Analysts are neutral and suggest that the bullish wave may continue.
<h2 class="wp-block-heading" id="strong-jasmy-looks-bullish-rally-imminent-strong">JASMY Looks Bullish: Rally Imminent?</h2>
After the notable breakout rally of over 100% last month, the coin has retraced over 25% and reached the 61.8% Fib level this month. Nevertheless, the coin looks strong.
Until the lower trendline support zone of $0.2300 is breached, the sentiments for the coin are likely to remain positive. 
<a href="https://www.tradingview.com/chart/JASMYUSDT/FRSPKl2p-JASMY-Price/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/u/TheCoinRepublic/" rel="noopener noreferrer nofollow"></a><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow"></a> 
Source: TradingView
The price action suggests that before a significant drop, a rebound toward the $0.3800 mark is likely. Afterward, the coin may lose the bullish grip and may consolidate in future sessions.
The RSI curve regressed from the overbought zone to the midline region and displayed a convergence on the chart. <iframe loading="lazy" title="Santiment Chart: Social Dominance (JASMY), Daily Active Addresses (JASMY)" width="1170" height="425" src="https://embed.santiment.net/chart?ps=uniswap&amp;pt=UNI&amp;df=2023-12-29T18%3A29%3A59.631Z&amp;dt=2024-06-29T18%3A29%3A59.631Z&amp;emcg=1&amp;emhwm=1&amp;wm=%5B1%3Bsocial_dominance_total%3Bjasmy%3BJASMY%5D%3B%5B1%3Bdaily_active_addresses%3Bjasmy%3BJASMY%5D&amp;wax=0%3B1&amp;wc=%23FF5B5B%3B%23FFCB47&amp;ws=%3B%7B%22node%22%3A%22line%22%7D" scrolling="no"></iframe>
Source: Santiment
The Daily Active Addresses data showed a notable decline of over 47% and dropped to 279, revealing a decrease in investor interest.
@JAVON MARKS highlighted his positive commentary in his tweet.
<center>
 <blockquote class="twitter-tweet">
 <a href="https://twitter.com/search?q=%24JASMY&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$JASMY</a> (JasmyCoin), $4.47842, +14,877%. <a href="https://t.co/6u2cYDdf25" rel="noopener noreferrer nofollow">https://t.co/6u2cYDdf25</a> <a href="https://t.co/GjvPuyc6l0" rel="noopener noreferrer nofollow">pic.twitter.com/GjvPuyc6l0</a>— 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/1806797832164098506?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 28, 2024</a>
 </blockquote>
 <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</center>
Source: X
<h3 class="wp-block-heading" id="strong-sharpe-ratio-indicates-bulls-strength-strong">Sharpe Ratio Indicates Bulls Strength&nbsp;</h3>
The Sharpe Ratio data on a yearly basis revealed a gigantic rise and revealed a demand surge in the last few months. The value was noted at 3.45, highlighting that it is a strong contender.
<div class="wp-block-image">
 <figure class="aligncenter size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="498" src="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-347-1024x498.png" alt="JASMY" class="wp-image-210009" style="width: 100%" srcset="https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-347-1024x498.png 1024w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-347-300x146.png 300w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-347-768x373.png 768w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-347-1536x746.png 1536w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-347-750x364.png 750w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-347-1140x554.png 1140w, https://www.thecoinrepublic.com/wp-content/uploads/2024/06/image-347.png 1593w" sizes="(max-width: 1024px) 100vw, 1024px">
 </figure>
</div>
Source: Messari
Per the above chart, the data highlights a massive spike and highlights the bulls dominance. The coin is expected to rise further.
The immediate support levels for the <a href="https://www.thecoinrepublic.com/2024/06/05/jasmycoin-price-analysis-whats-the-next-target-of-jasmy-crypto/" target="_blank" rel="noopener noreferrer nofollow">Jasmycoin </a>(JASMY) are $0.02800 and $0.02500, whereas the key upside hurdle is around $0.03200 followed by $0.03500
JASMY held gains above the 20-day EMA mark and could rise further. This week, the coin price was stuck around its support zone of $0.03000.
<h4 class="wp-block-heading">Disclaimer</h4>
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.

JASMY Ready For A Bump: Can It Pull Off A Bullish Spell?

Innholdsfortegnelse

Thecoinrepublic.com

Andre artikler publisert på 29. juni 2024

Forget the Fetch.ai Debacle & Fantom Fatigue: MoonBag Price is a Breath of Fresh Air

DOT’s 11% weekly hike – Here’s how RWAs are helping Polkadot

Cardano Founder Shuts Down Critics in Major Clarification Update

Michael Saylor Advocates Bitcoin as Solution for Economic Ailments

Bitcoin: Trading interest on a high, will BTC’s price follow suit soon?

CryptoGames Now Supports Tether (USDT) Deposits and Partners with Bitinvest – Buy Crypto Instant ...

Bli med på vårt gratis nyhetsbrev for daglige kryptooppdateringer!