CPI Day Market Fluctuations: 5 Altcoins to Monitor as Inflation Data Triggers Significant Price Changes
CPI Releases and Market Volatility: CPI announcements often lead to short-lived volatility in cryptocurrency markets, particularly affecting altcoins, as traders react to liquidity shifts and derivatives activity rather than establishing long-term positions.
Key Altcoins Under Observation: Several altcoins, including Solana, Polygon, JasmyCoin, Chiliz, and Maker, are being monitored for their potential to exhibit significant price movements in response to macroeconomic events, rather than for sustained trends.
Solana's Liquidity Dynamics: Solana is noted for its strong liquidity depth and derivatives activity, which contribute to pronounced intraday price swings during CPI events, attracting short-term traders.
Chiliz and Maker's Market Sensitivity: Chiliz displays unique volatility patterns in response to macro uncertainty, while Maker serves as a key indicator of DeFi risk sentiment, both reacting significantly to CPI-driven market changes.
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Technical Analysis for JASMY
Technical Sentiment Analysis for JasmyCoin (JASMY) As of , JasmyCoin (JASMY) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for JASMY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, JASMY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JasmyCoin (JASMY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00254 | 0.00351 | 0.00464 | 0.00561 | 0.00674 | 0.00771 | 0.00884 |
| Fibonacci | 0.00351 | 0.00431 | 0.00481 | 0.00561 | 0.00641 | 0.00691 | 0.00771 |
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