JASMY Price Prediction: Will Bulls Surmount $0.03000 Resistance?

• JASMY price surged by over 12% in a week, reaching its 4-month high region.
• Derivatives data suggests traders are leaning toward long positions.

JasmyCoin, the popular Japanese token, has recorded a massive range breakout. It noted a golden crossover on the daily timeframe, which represented a bullish outlook.

The JASMY crypto rose for five consecutive sessions, reaching its highest region since August 2024. Amidst the bullish sentiment, the token aims for a further 30% rise beyond the $0.03000 resistance level.

JasmyCoin, at press time, traded at $0.02864 after gaining 7% in 24 hours. It’s trading volume had also surged by more than 38%, per CoinMarketCap.

The technical indicators favored a bullish outlook for the token. The short-term sentiment was also expectant of sustained gains beyond the $0.03000.

JASMY Price Prediction: Is $0.0300 Breakout Next?

the JASMY crypto registered a range breakout on the daily timeframe and witnessed a golden crossover. Furthermore, the rising trading volume over the past 20 days conveyed the strong bullish sentiment among the market participants.

The bullish momentum was further seen in Moving Average Convergence Divergence (MACD). It plotted green histogram readings and projected a bullish outlook.

The Relative Strength Index (RSI) line at 63 represented significant buying momentum on the chart. Moving ahead, a positive divergence was noted, which favored the bullish case.

In contrast, the Chaikin Money Flow (CMF), with a positive value of 0.11, showed buyers are in control. If the JASMY price continues the uptrend as these bullish signs align, the next target could be 78.6%. Buying activity and positive market sentiment could ignite another 30% rally.

In a recent tweet, Ozz highlighted that the JasmyCoin is ready to fly. Furthermore, the token could see a 30% surge toward $0.04000 in the next sessions.

Metrics Back the Bullish Case

On-chain data from Santiment revealed more positive insights about the altcoin’s recent movements. The mean coin age has been trending higher throughout the month. This was a sign of accumulation, and the netflow data was another sign that the bulls dominated the market.

The dormant circulation has also been silent since September. The flurry of activity back then did not see a significant selloff. This reflected that the upward momentum could persist. Moreover, ,the JASMY crypto may soon soon surpass the $0.03000 barrier.

Data from IntotheBlock back the bullish case. That is because, more than 80% of the holders were making profits at the current price level. This significant proportion indicated strong investor sentiment at its prevailing price level.

This level of profitability implied that the asset has a solid base. Furthermore, it has room for further upside.

Data from Coinglass revealed that the long/short ratio, over 51% of long positions have outpaced the short positions. The ratio has been on an upward trajectory over the past week,

The Open Interest (OI) has risen over 1.86% to $59.19 Million over the past 24 hours. The OI-weighted funding rate remained positive at 0.0218%. That conveyed bullish sentiment among the market participants.

The immediate support zones were $0.02700 and $0.02500. At the same time, the resistance levels were $0.03000 and $0.03200.

Disclaimer

In this article, the views, and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.