JasmyCoin Targets 30X Growth After Key Breakouts
- Breakout Analysis: JasmyCoin has shown significant price movements, with the first breakout resulting in a 3X increase and the second leading to a surge of 14-19X, while analyst Marks forecasts a target price of $0.2785, indicating over 30X growth potential from the current price, showcasing strong upward momentum.
- Technical Indicator Support: Veteran trader Matthew Dixon noted that JasmyCoin's RSI support lines have been respected during recent upward movements and consolidation phases, aligning with historical trends and indicating that the coin is in an accumulation phase, further enhancing expectations for future price increases.
- Hidden Bullish Divergence: Dixon highlighted the presence of hidden bullish divergence on the chart, which typically suggests an imminent price surge; combined with the current consolidation phase, market sentiment remains optimistic, indicating that JasmyCoin is poised for significant growth in the coming months.
- Sustained Market Momentum: The positive price action of JasmyCoin after these breakouts establishes a foundation for continued momentum, with analysts believing that as the next cycle unfolds, the coin is likely to continue attracting investor interest and drive further price increases.
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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 | 0.00247 | 0.00347 | 0.00457 | 0.00558 | 0.00667 | 0.00768 | 0.00877 |
| Fibonacci | 0.00347 | 0.00428 | 0.00477 | 0.00558 | 0.00638 | 0.00687 | 0.00768 |
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