JasmyCoin Price Analysis: Will JASMY again Showcase its Potential?


  • JASMY down approximately -2.73% within the last 24 hours.
  • The EMA(50) is currently at $0.007.
  • 24-hour trading volume for JasmyCoin is hovering at $33,976,015.00.
  • JASMY has its next resistance at $0.006.

27 April 2024 : 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.

Market Analysis

Over the last twenty-four hours, there was a down fall of -1.84 percent, bringing the entire cryptocurrency market to $2,336,918,590,913. The total trading volume stands at $56,498,325,772. Bitcoin shares 53.29 percent of the entrie market while Ethereum has a dominance of 16.33%.
which resulted in Bitcoin's price dropping down to $63,180.50 level after a decline of -2.38%. A number of alternative cryptocurrencies, like ETHEREUM has seen a price decrease of -0.13 percent reaching to $3,160.02 during the previous 24 hours.
While publishing this blog, BNB traded at $593.04, following a price change of -2.32%within the same time frame. SOL the native coin of Solana is down by -4.4 and currently trading at $139.42. 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.

JasmyCoin Support and Resistance

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

JasmyCoin Performance

The current JasmyCoin price is $0.018, with a trading volume of $33,976,015.00 in the past 24-hours. Currently, JASMY is down by -2.73% since yesterday with a market capitalization of $896,132,160.00 USD.

JasmyCoin Price Analysis

JASMY price analysis for 27 April 2024 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.

Moving Averages Price Indicator
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 Buy
Exponential Moving Average (50) 0.007 Buy

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.

Conclusions

JasmyCoin is now experiencing a significant bearish trend, this does not necessarily imply that the cryptocurrency is in any type of precarious situation that cannot be rectified. Even if the price is falling steadily, it is anticipated that the two support levels will serve as strong barriers and cause the trend line to rebound back into the positive zone.