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

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