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- JASMY’s crypto price has pumped by 300% last month.
- JasmyCoin price has been in an uptrend and bulls are dominating.
JasmyCoin (JASMY) price has witnessed strong buying pressure for the last few weeks and has extended to the $0.0250 mark. The price faces resistance from the resistance level of $0.0250 and has dropped by 11% in just three days.
Since the beginning of February, the JASMY price got some elevation but after mid-February, the price took support on the 20-Day moving average and surged by 154% in just three days. In the last week of February, the price was facing resistance from the $0.0160 mark but on February 28, the price surpassed the resistance level by forming a strong buying candlestick of 41%.
Yesterday, the JASMY price was dumped by 36% in just a few hours but buyers managed to lift it near the opening. As of now, the JASMY price is trying to defend the $0.0200 mark.
RSI is at 68 which is consolidating near the overbought zone. The JASMY coin price is trading far over the significant moving average which showcases the bullish trend.
JASMY Coin Price Facing Resistance From $0.0250; What’s Next?
According to the technical chart, the JasmyCoin crypto price has witnessed strong buying pressure and reached a 52-week high. The price has dropped by 20% from the recent high and looking for a pullback as buyers are participating.
If the buyers manage to defend the $0.0200 mark and surpass the recent high then the price may trigger a pullback and a bullish trend can be expected. If the JASMY price surpasses the $0.0250 and sustains then it may easily extend to the $0.0300 hurdle and buying momentum for the next few days will be seen.
Alternatively, if the JASMY crypto price fails to defend the $0.0200 level and sustains, then sellers may show their interest.
Jasmy Coin Price Technical Analysis on 4-H Timeframe
In a 4-H time frame, the JASMY crypto price has been rising by taking support on an inclining trendline. Recently, the price dropped below the trendline by 29% but buyers seem to be strong and it went for the retest.
According to the price action, if the JASMY price drops below the $0.0200 mark then sellers may drag down the price to the 200-Day moving average. But if the price fails to defend the $0.0150 mark, the investors may prefer to book profit which may lead to a bearish trend.
What is the JasmyCoin Price Prediction 2025?
Technical analysis suggests that if the JasmyCoin price manages to sustain at $0.0400, surpassing the last swing high on a weekly time frame, then it may approach the $0.0600 hurdle by 2025.
Conclusion
Based on the technical analysis, JasmyCoin (JASMY) price has been in an uptrend and bulls are dominating. The price is currently facing resistance from the $0.0250 mark and dropped 11% in just three days. If the buyers manage to defend the $0.0200 mark and surpass the recent high, then the price may trigger a pullback.
Technical Levels
Resistance: $0.0250 & $0.0400
Support: $0.0200 & $0.150
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.
