Still Investing in JasmyCoin (JASMY)? Here’s Why It Could Be Worth It Soon
Current Status of JasmyCoin: JasmyCoin is trading about 80% below its yearly high, with a market cap of approximately $500 million and a dedicated community of around 100,000 holders, despite a lack of recent price movement.
Analyst's Perspective: A crypto analyst believes that JasmyCoin still has potential for recovery, citing historical patterns of price rebounds and the relevance of its concept of user data control in today's market.
Future Price Predictions: The analyst anticipates that JasmyCoin could retest support near $0.0019 and potentially rise to $0.017, marking an 83% gain, contingent on market momentum returning to altcoins.
Long-Term Holding Strategy: The analyst emphasizes the importance of patience in holding JasmyCoin through downturns, suggesting that the token could see significant price increases in future market phases, driven by market cycles rather than immediate hype.
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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 4 technical signals, shows that 1 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 | 0.00248 | 0.00348 | 0.00458 | 0.00558 | 0.00668 | 0.00768 | 0.00878 |
| Fibonacci | 0.00348 | 0.00428 | 0.00478 | 0.00558 | 0.00638 | 0.00688 | 0.00768 |
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