24 September 2023 : In this article we will walk you through JasmyCoin price analysis for today or for next week and try to answer these frequently asked questions (FAQs), what is short term price prediction for JasmyCoin, Is JASMY a good investment? JasmyCoin support & resistance levels etc. But before diving deep into the JASMY technical analysis, let us talk about the current market conditions.
Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $1,054,545,409,299. The total trading volume stands at $14,746,996,787. Bitcoin shares 49.16 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price rising to $26,589.42 level after an upward movement of 0.06%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price increase of 0.18 percent reaching to $1,595.28 during the previous 24 hours.
While publishing this blog, BNB traded at $210.66, following a price change of -0.03%within the same time frame. XRP the native coin of XRP is down by 0 and currently trading at $0.51. Additionally, Cocos-BCX reached $0.60 after seeing a decline of -0.77% in value.
These events indicate that the market is heading in a downward direction for short term. At this moment, a general negative dip can being seen throughout the crypto market.
Support and resistance are important technical indicators used to identify key price levels where the trend can change direction. Support is a level at which buyers become more active and stop the coin's price from falling any further. Similartly, Resistance is a level at which sellers become move active and stop the coin's price from moving higher.
Following are the support and resistance levels of JasmyCoin (JASMY)
|JASMY Resistance Levels||JASMY Support Levels|
|Resistance Level 1||$0.006||Support Level 1||$0.005|
|Resistance Level 2||$0.007||Support Level 2||$0.004|
|Resistance Level 3||$0.007||Support Level 3||$0.004|
The current JasmyCoin price is $0.007, with a trading volume of $87,003,429.00 in the past 24-hours. Currently, JASMY is up by 4.08% since yesterday with a market capitalization of $341,029,565.00 USD.
JASMY price analysis for 24 September 2023 within a daily time frame explained below. we use Relative Strength Index(RSI), Moving Average Convergence and Divergence (MACD), Support levels, Resistance levels, different time period moving averages including Simple Moving Average (SMA) and Exponential Moving Average (EMA) to analyze the future movement of the JasmyCoin.
|Simple Moving Average (10)||0.005||Buy|
|Exponential Moving Average (10)||0.005||Buy|
|Simple Moving Average (20)||0.006||Buy|
|Exponential Moving Average (20)||0.006||Buy|
|Simple Moving Average (50)||0.007||Sell|
|Exponential Moving Average (50)||0.007||Sell|
The MACD line is standing below of the signal line after a crossover. JasmyCoin investors need to wait for any directional change over the daily chart. The Relative strength index (RSI) for JASMY Coin is currently hovering at 19 for 14-days average line, which means JASMY is in oversold zone and a trend reversal is possible. While JASMY’s Williams %R indicator is at -77.222 for the 14-day time period indicating a neutral condition.A trade signal is possible at this range.
According to our technical analysis data, the short-term forecast for the JasmyCoin price is mostly bullish at the time of writing. The cryptocurrency JasmyCoin seems to be on the rise again. A significant return-on-investment (ROI) is predicted if you acquired the currency some time back.