JasmyCoin Outperforms Other Altcoins Again – Will JASMY Price Rally Continue?
- WBOYOriginal
- 2024-07-10 11:38:49386browse
In recent months, JasmyCoin price had an excellent performance. JASMY reached an ATH of around $0.04 last month.
JasmyCoin price had an outperforming session on Thursday, surging by 15% and outpacing most other top 100 altcoins by market capitalization.
Only CORE and SHIB managed to post larger gains today out of other top altcoins. This reversal is particularly noteworthy given the challenging week experienced across the crypto market.
Following today’s pump, JASMY is trading around $0.024. However
, it has not yet broken out of the descending channel. To do this, JASMY would need to break the $0.026 area.
If this happens and overall market sentiment remains positive, JASMY could swiftly revisit the $0.03 level before potentially “attacking” new all-time highs.
In the event of big pullbacks, the $0.017 level is expected to serve as strong support, aligning with the 200-day moving average.
Technical indicators offer mixed signals: the MACD line’s recent cross above the signal line suggests bullish momentum, while the daily RSI at 53 indicates moderate strength.
When it comes to the JASMY price forecast, this will likely depend on its ability to break out of the current descending channel and, of course, the broader crypto market conditions.
A (strong) move above $0.026 could pave the way for further gains. On the flip side, failure to do so might result in continued consolidation within the channel and closer to the 200-day moving average area.
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