JasmyCoin (JASMY) Market Cap Surges 4.07%, Signaling Potential Volatility
- PHPzOriginal
- 2024-07-16 06:28:581018browse
A surge of 4.07% in the market cap of JasmyCoin is recorded in the last 24 hours from the press time. This further has resulted in a market cap
A surge of 4.07% in the market cap of JasmyCoin is recorded in the last 24 hours from the press time. This further has resulted in a market cap value of $1.217B which leads to a market cap dominance of 0.06%.
Price Overview Chart of JasmyCoin | Source: CoinMarketCap Following the rise in the market cap, the value of the traded volume for the coin has also advanced by 18%. Also, the coin has a good amount of liquidity as the value of the traded volume in the last 24 hours is $92.055M which is 7.5% of the market cap.
JasmyCoin has 98% of its maximum supply circulating in the market resulting in a circulating supply of 49.299B JASMY. Also, the total supply and the maximum supply of the crypto are the same resulting in 50.0B JASMY.
JasmyCoin Financial Data Overview JasmyCoin has a price correlation of 0.9 with Bitcoin and has a concentration of 79% of large holders.
In/Out Of The Money For JasmyCoin | Source: Ixfi.com JasmyCoin has a total of 72K holders out of which 47.55K users are in profit as they bought the coin at a lower price than the current price of the coin. Additionally, 20.95K holders of the coin are in out of the money.
Also, 54% of the holders of the coin have held it for more than 1 year and only 7% of them are holding it for less than 1 month. About 12.39B JASMY is held by retailers and the largest holder of the coin alone has 9.78% of the supply resulting in 4.89B JASMY.
JASMY Coin Technical Analysis The price of the JASMY broke out above the descending triangle pattern a few weeks ago which led to a surge of 80% in the trading price of the coin.
JASMY Coin Daily Price Chart | Source: Tradingview After advancing to certain highs, the price of the JASMY coin started to make lower lows on the daily chart resulting in a decline in the price from the higher levels.
The price of the coin further has declined to the breakout levels and has taken rejection from the same. This shows buyers engagement in the coin followed by the formation of bullish candlestick.
JASMY/USD Chart by TradingView The 50-day and the 200-day EMAs have been trading in a golden cross for a long time. The price of the coin also has taken support at the 200-day EMA by breaking below the 50-day EMA.
The MACD and the signal line are trading in a negative territory following a death cross. This shows a downtrend in the price of the crypto that has existed for a long time.
The RSI also follows a bearish cycle and has declined below the 50-level and hit the oversold zones a few days ago.
Summary The JasmyCoin showed bullish sentiment and an increased market cap. However, despite a recent 80% price surge, the coin’s price has declined, signaling potential volatility.
Technical indicators like a death cross and bearish RSI suggest ongoing downtrend risks, but the majority of holders remain in profit.
The support levels for the JASMY Coin are $0.0150 and $0.0190 followed by the resistances of $0.0330 and $0.0440.
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.
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