JASMY Hovers Near $0.02100; Can Bulls Maintain Their Dominance?

Finance

JASMY Hovers Near $0.02100; Can Bulls Maintain Their Dominance？

The JasmyCoin (JASMY) price signifies a buy-on-dips scenario and flies above the key moving averages beyond the round mark of $0.02000, witnessing an uptrend on the charts. The JasmyCoin news indicates bullishness and is glimpsing higher high swings for the past sessions. The trend is intact; buyers have persisted in accumulating JASMY and are willing to extend the rally above the $0.02500 mark.

At press time, the JASMY price was trading at $0.02100 with an intraday drop of 6.67%, indicating neutrality on the charts. It has a monthly return ratio of 270.90% and 301.76% on a yearly basis. The pair of JASMY/BTC is at 0.000000293 BTC, and the market cap is $100.38 Million. Analysts are bullish and suggest the JASMY price will trigger an up move and may surpass the $0.03000 mark soon.

JASMY Reflects Uptrend; Volume Remains Average

Source: Santiment

The JasmyCoin witnessed an uptrend and spiked 30% this week, glimpsing a bullish momentum on the charts. Moreover, the trading volume continues to fluctuate and decline this week. The intraday trading volume slid to $152.25 Million, and a drop of 24% was noted.

Volatility and Sentiment Signal Neutral Outlook

Source: Santiment

The price volatility keeps declining, and the value of JASMY remains steady, signifying a low selling pressure. Additionally, the volatility curve slips to 0.021. However, the total weighted sentiment stands positive at 1.548, which hints at a positive development.

Social Dominance and Network Growth Analysis

Source: Santiment

As per the data, the social dominance data witnessed a sharp spike, skyrocketing since the start of 2024. The curve rose to 0.428%, replicating a positive discussion and media reports on JasmyCoin. Additionally, the circulating supply of the coin is 4.75 Billion; a surge of over 30% was recorded last month. Moreover, the network growth data jumps by 54% to 128, revealing the positive metrics of the crypto.

Transaction Volume and Active Addresses Indicate a Positive Outlook

Source: Santiment

The JasmyCoin witnessed a rise in the transaction count and surged over 129% to 280, glimpses of a positive development. Moreover, the active addresses data suggests a decline of over 13.04% to 1343 in the last 24 hours. The transaction or transfer volume also witnessed a sharp rise of over 1091.16% to 6.6 million in the previous 24 hours.

JASMY Witnessed Double Bottom Breakout; Can Bulls Extend Gains Beyond $0.03000？

Source: JASMY Price Chart By TradingView

The weekly charts noted a double bottom formation and a breakout of the neckline hurdle of $0.01000. Afterward, the JASMY flights went away by over 110% in the last month. Moreover, the price action shows a sharp pullback and a trend reversal has been witnessed in the past weeks.

The Relative Strength Index (RSI) curve stays near 76 in the overbought zone, forming a positive divergence on the charts. Moreover, the MACD indicator shows a bullish crossover and suggests a positive outlook for the following sessions.

Summary

The JasmyCoin (JASMY) price continues to advance gains and is witnessing an uptrend, reflecting the higher high swings. Moreover, the trend is intact, and buyers are showing their domination, intending to cross the upside of $0.02500 in the following sessions.

Technical Levels

Support Levels: $0.02000 and $0.01800

Resistance Levels: $0.02200 and $0.02500

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice.