JasmyCoin (JASMY) Price Rises 44.57%, Reaches Two-Month High
- Price Surge: JasmyCoin (JASMY) surged by 44.57% over the past week, reaching a two-month high of $0.0101, primarily driven by futures market speculation and whale accumulation, indicating strong market interest in the token.
- Healthy Consolidation: Although there was a slight decline on the last day due to profit-taking, the cooldown in JASMY's price is viewed as healthy consolidation, suggesting that the overall bullish structure remains intact without losing critical support levels.
- Supply and Demand Dynamics: The exchange supply of JASMY has dropped to a record low of 7.99 million, with net selling exceeding 45 million units during key trading sessions, indicating accumulation rather than distribution, further supporting the potential for price increases.
- Technical Indicator Analysis: Analysts highlight that JASMY's Relative Strength Index (RSI) remains supported after the latest push higher, reflecting a hidden bullish divergence that often precedes further strength and potential continuation once consolidation concludes.
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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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