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- In the last three weeks, the price of the JASMY crypto has advanced by 100%.
- In the last 30 days, the price of the crypto has traded in green for 17 days.
JasmyCoin (JASMY) is an ERC-20 cryptocurrency created by Jasmy Incorporated, a Tokyo-based company led by former Sony executives.
It aims to treat data as a personal asset. Users can connect Ethereum-compatible wallets to access services like Secure Knowledge Communicator (SKC) for data management and Smart Guardian (SG) for IoT device security.
The market cap of the JasmyCoin is trading flat over the last 24 hours followed by a slight decline of 0.9% from the press time. Also, it stands at a ranking of #59 in the global crypto market.
The volume/market cap ratio of the JasmyCoin is 10.60% which shows huge liquidity in the crypto. The supply inflation of the crypto is also medium resulting in 3.64% and the market cap dominance of the crypto is 0.07%.
Despite this, the price volatility of the crypto is very high resulting in 27.9% while the fear and greed index of the crypto is at 78 showing extreme greed among the investors.
JasmyCoin Crypto Derivatives Crypto Analysis
The derivatives trading volume for the JasmyCoin has declined by 62.9% over the last 24 hours which shows a decline in the trading activity.
The open interest for the crypto has further witnessed a decline of 3.5% over the last 24 hours resulting in a value of $79.17M. Moreover, the long/short ratio of the crypto is 0.9782.
Higher long liquidation in the JasmyCoin is recorded over the last 24 hours from the press time resulting in $199.89K. Also, the short liquidation for the crypto is worth $103.8K.
JASMY Crypto Technical Analysis
The price of the JASMY crypto has broken above a long term consolidation zone which has led the price to the higher levels.
Based on the weekly chart of the crypto chart, higher high swings can be seen followed by the strong momenutm as the candlesticks formed on the crypto chart are strongly bullish.
JASMY/USD Chart by TradingView
The price of the JASMY crypto has broken above the 50-day EMA on the weekly chart followed by a strong bullish momentum.
Moreover, on the daily timeframe, the price of the JASMY crypto has broken above the 50-day and the 200-day EMAs which are trading in a golden cross.
The price of the crypto has further broken above the higher band of the Bollinger band indicator which shows a bullish breakout.
The MACD is also strong on the charts giving a buy signal followed by the bullish cross of the MACD and the signal line. Also, the following metrics are trading in bullish trajectory.
The RSI further has hit the overbought zones followed by the levels of 80 and is also sustaining above the 14-day SMA.
Summary
JasmyCoin (JASMY) surged 100% in three weeks, breaking above key resistance levels. With high liquidity, a bullish MACD, RSI in overbought zones, and a golden cross of EMAs, the technical indicators suggest strong upward momentum. Investors’ extreme greed and positive sentiment further support potential new highs.
The support levels for the JASMY coin are $0.0030 and $0.0080 followed by the resistance levels of $0.0490 and $0.0840.
Disclaimer
This article is for informational purposes only and does not provide any 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.
