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- The JasmyCoin price has surged by 60% in a week, showing bulls’ strength.
- The JASMY crypto price is up by 520% YTD and is currently at a 52-week high.
From the beginning of 2024, the Jasmy price has been bullish and reached a 52-week high. In March and April, the price underwent a consolidation phase and recently triggered a breakout with a huge volume change.
At the time of the breakout, the trading volume surged by 1000%, and the price retested to the 0.0250 level before the shot-up. At press time, the Jasmy price forming big wicks and wandering between the $0.0350 and $0.0400 levels. A complete body candlestick may decide the further momentum.
At the time of writing, the JasmyCoin price traded at $0.0384, which has jumped by 4.12% in the past 24 hours. The 24-hour trading volume is $331.39 Million, and the market capitalization is $1.90 Billion.
Jasmy price Analysis over Daily Timeframe
The Jasmy price has triggered a breakout from the parallel channel and has gained around 60%. On May 01, the price formed a hammer candlestick pattern on the major support level of $0.0170 and surged by 140% till now.
As per the chart structure, the digital asset price has extended significantly after the breakout. The price may take a pause and perform positively after a pullback if buyers show their confidence.
On the contrary, selling pressure can be expected if the JASMY price forms a bearish, engulfing candlestick pattern and slips below the $0.0350 mark. A decline in trading volume may force the price to retest the 20-day exponential moving average.
The JASMY price is trading far over the key moving averages, demonstrating the buyers’ grip. Since May, the histograms have been converted to green, and the MACD and the Signal line are over the Zero line.
Breakout at the Weekly Timeframe Seen
$jasmy breaky weekly resistance and we will pump huge pic.twitter.com/ETVhVhKrwd
— KNIGHT $INJ TO 100$ (@cryptoknight890) May 26, 2024
A source on X suggests that the JasmyCoin price has recovered from the demand zone on a weekly time frame. It has triggered a breakout from the consolidation phase. This user expects that the price may keep surging by taking pullbacks and may record a new all-time high.
Can Jasmy Price Achieve the $10 mark Soon?
Based on some crypto experts on X, the JASMY crypto is expected to be in the top 10 in the cryptocurrency market. For the last few weeks, the price has performed extremely bullish. Due to that change, the Jasmy crypto price has gained more attention than the other coins.
Can Jasmy Hit $10?
— JA$MY.AI (@heysamuelkim) June 4, 2024
“JASMY Destined to Break Top 10 Crypto in the Market,” Says Crypto Expert. Can JASMY Break $10?
JasmyCoin gains major attention as its price continues to pump.
A crypto expert says JASMY is destined to break the top 10 crypto in the market.
JASMY… pic.twitter.com/oGjxfUL868
Crypto experts have higher expectations from JasmyCoin crypto on the upside. They are expecting an enormous gain of 7000% to 12000%.
Conclusion
The JASMY price has been in a solid bullish trend and has reached a 52-week high. The price has surged by 100% in a month and 60% in a week. Some crypto experts are extremely bullish on JamsyCoin and expect around 7000% to 12000% ahead. Recently, the price has given a breakout from the parallel channel.
Technical Levels
The JasmyCoin price might face resistance from the $0.0450 and $0.0550 levels. On the other hand, the JASMY crypto price may take support on the $0.0250 and $0.0170 levels.
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.
