Convergence

Based

JasmyCoin

Divergence

JASMY exhibited a more robust technical structure on Tuesday, upholding efforts made since the recovery started last week. Based on the JasmyCoin price prediction chart, traders anticipate a return to the previous month’s peak of $0.0445.
<h2 id="span-data-preserver-spaces-true-jasmycoin-price-prediction-assessing-the-short-term-bullish-structure-span">JasmyCoin Price Prediction: Assessing the Short-Term Bullish Structure&nbsp;</h2>
JasmyCoin maintained a price of $0.0315 during Tuesday’s US trading session, representing a 3% increase over the previous 24 hours, <a rel="noopener noreferrer nofollow" class="editor-rtfLink" href="https://coinmarketcap.com/currencies/jasmy/" target="_blank">CoinMarketCap</a> data shows.&nbsp;
With trading volume at $160 million and market capitalization at $1.55 billion, both on the rise, trader interest is growing.
JASMY’s bullish structure commenced after the July sell-off, which ended with support at $0.02, coinciding with the 200-day Exponential Moving Average (<a class="editor-rtfLink" href="https://coingape.com/education/exponential-moving-average-how-to-leverage-it-in-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">EMA</a>).
Amid the oversold conditions, traders spotted opportunities to buy the dip. This increased liquidity allows momentum to build up for a significant trend reversal.
Bulls took down the critical resistance at $0.025, close to the 78.6% Fibonacci level and at $0.03.
Several indicators signal that JasmyCoin is still in the buy zone, especially with the technical structure hinting at a breakout to June’s peak of $0.0445.
Traders may increase profits with entries above $0.031, with support confirmed at $0.025.
Backing the uptrend is a buy signal from the Moving Average Convergence Divergence (<a class="editor-rtfLink" href="https://coingape.com/glossary/macd-moving-average-convergence-divergnece/" target="_blank" rel="noopener noreferrer nofollow">MACD</a>) indicator, which currently holds above the neutral area. As the green histograms grow in size, JASMY will gain traction to tackle resistance at $0.035 and $0.04.
A golden cross established on the same four-hour chart significantly increases the chances of a larger breakout. This pattern occurs when a short-term moving average crosses above a long-term one, signaling a potential bullish trend.
JasmyCoin price prediction reveals that traders can use the golden cross as a buy signal, indicating a potential price increase. However, pairing it with other indicators like the MACD and the <a class="editor-rtfLink" href="https://coingape.com/glossary/rsi-relative-strength-index/" target="_blank" rel="noopener noreferrer nofollow">RSI</a> for confirmation is essential.
<figure id="attachment_210188" aria-describedby="caption-attachment-210188" style="width: 100%" class="wp-caption aligncenter"><img decoding="async" class="size-full wp-image-210188" src="https://coingape.com/wp-content/uploads/2024/07/JASMYUSDT_2024-07-30_21-10-02.png" alt="JasmyCoin price prediction | Tradingview&nbsp;" width="2694" height="1440" srcset="https://coingape.com/wp-content/uploads/2024/07/JASMYUSDT_2024-07-30_21-10-02.png 2694w, https://coingape.com/wp-content/uploads/2024/07/JASMYUSDT_2024-07-30_21-10-02-300x160.png 300w, https://coingape.com/wp-content/uploads/2024/07/JASMYUSDT_2024-07-30_21-10-02-1224x654.png 1224w, https://coingape.com/wp-content/uploads/2024/07/JASMYUSDT_2024-07-30_21-10-02-768x411.png 768w, https://coingape.com/wp-content/uploads/2024/07/JASMYUSDT_2024-07-30_21-10-02-1536x821.png 1536w, https://coingape.com/wp-content/uploads/2024/07/JASMYUSDT_2024-07-30_21-10-02-2048x1095.png 2048w, https://coingape.com/wp-content/uploads/2024/07/JASMYUSDT_2024-07-30_21-10-02-150x80.png 150w" sizes="(max-width: 2694px) 100vw, 2694px">
 <figcaption id="caption-attachment-210188" class="wp-caption-text">
 JasmyCoin price prediction | Tradingview
 </figcaption>
</figure>
Conversely, the odds will turn against JASMY’s potential rally should sell-side pressure increase as traders cash out for profit. A correction below $0.03 could turn bloody, with downside risk increasing to $0.025 and $0.02 support areas.
The post <a href="https://coingape.com/markets/jasmycoin-price-prediction-as-jasmy-defies-bearish-calls-to-0-02/" rel="noopener noreferrer nofollow">JasmyCoin Price Prediction As JASMY Defies Bearish Calls To $0.02</a> appeared first on <a href="https://coingape.com" rel="noopener noreferrer nofollow">CoinGape</a>.

JasmyCoin Price Prediction As JASMY Defies Bearish Calls To $0.02

Spis treści

Coingape News Media

Inne artykuły opublikowane 30 lip 2024

$25 Million Drained From Compound (COMP) Treasury In Latest Governance Exploit Incident

Last Time This Happened, XRP Price Saw 60,000% Rally

Shiba Inu Sees No Token Burn in 24 Hours, Weekly Rate Up 71%

Kamala Harris Exposed, Considers Anti-Crypto Sen. Gary Peters

Goldman Sachs CEO Foresees Bitcoin Use Case As Store Of Value

BlackRock’s ETF Chief Predicts Digital Assets in Model Portfolios by 2024

Zapisz się na bezpłatny newsletter i otrzymuj codzień aktualności ze świata kryptowalut!