search
Homeweb3.0JasmyCoin (JASMY) Resumes Journey to All-Time High, but One Key Resistance Threatens Bullish Momentum

In our last analysis on JasmyCoin (JASMY), the price broke a key resistance to close above the $0.03 level.

JasmyCoin (JASMY) Resumes Journey to All-Time High, but One Key Resistance Threatens Bullish Momentum

JasmyCoin (JASMY) price rose sharply on August 23, continuing its journey toward an all-time high.

After breaking through a crucial resistance at $0.03 in the previous analysis, JASMY price showed strength in the lower time frames.

However, as noted in the analysis, the price was nearing overbought levels, which could lead to a retracement.

果然, the next day saw a retracement of around 9% from the highest price, putting pressure on the bulls.

Now, the price has resumed its bullish momentum with a more than 10% rally.

Could Resistance Stop Price Ascent?

After two days of price correction and consolidation, the bulls are back in control, pushing JASMY price up more than 10% from the lowest price of the correction.

The price has spiked above the last highest price before the two days of price correction and is now facing resistance at around $0.033.

This resistance has stopped the price from going further up at least four different times since mid-June. A breakout from this point should follow the A, B, C Elliott Wave pattern in the chart.

You can simply interpret it as a breakout, then a retest, followed by a continuation to the next key resistance.

Breaking and holding the next $0.033 resistance is key to a possible 14% price rally to $0.037 in the short term, as it continues its journey to reach its previous all-time high once again.

At the time of writing, the daily chart Relative Strength Index (RSI) is at 59, strengthening the bullish possibilities.

Notcoin airdrop on Telegram made millions to people. Don’t miss out on the next TG airdrop by the same team – Dogs on Ton!

Also Read: FLOKI and DOGE Price Analysis: Key Levels to Watch as Meme Coins Eye Breakouts

The 50-day Simple Moving Average (SMA) is now below the price, forming support at the point where the bullish continuation started today. This also points to a short-term bullish bias.

The indicators are pointing to bullish possibilities. However, we need to see a break from the price resistance at $0.033 first.

Captain just hit his first 100x among a lot 2-5xs. Want to be a part of a profitable community? Get all our future calls by joining our FREE Telegram group.

We recommend eToro

The above is the detailed content of JasmyCoin (JASMY) Resumes Journey to All-Time High, but One Key Resistance Threatens Bullish Momentum. For more information, please follow other related articles on the PHP Chinese website!

Statement
The content of this article is voluntarily contributed by netizens, and the copyright belongs to the original author. This site does not assume corresponding legal responsibility. If you find any content suspected of plagiarism or infringement, please contact admin@php.cn
XRP price hovers above $2.08 as traders weigh conflicting signals from spot and derivatives markets, suggesting short-term indecision.XRP price hovers above $2.08 as traders weigh conflicting signals from spot and derivatives markets, suggesting short-term indecision.Apr 19, 2025 am 11:12 AM

Ripple (XRP) is currently trading at $2.08, showing a modest 0.2% gain over the last 24 hours.

Shiba Inu (SHIB) Price Prediction: SHIB Could Surge by Over 500% Soon, Hitting $0.0001Shiba Inu (SHIB) Price Prediction: SHIB Could Surge by Over 500% Soon, Hitting $0.0001Apr 19, 2025 am 11:10 AM

Elliott Wave analysis from the trader CaptToblerone points to a potential sharp recovery. The analysis suggests SHIB completed a corrective phase around $0.0000055.

Arctic Pablo Coin (APC) at $0.000095 Prepares to Soar as the Best Crypto to Invest in While Ethereum and Polkadot Hold Their GroundArctic Pablo Coin (APC) at $0.000095 Prepares to Soar as the Best Crypto to Invest in While Ethereum and Polkadot Hold Their GroundApr 19, 2025 am 11:08 AM

Arctic Pablo Coin, Ethereum, and Polkadot Updates | Best Crypto to invest in

The price of Mantra's OM token remains under pressureThe price of Mantra's OM token remains under pressureApr 19, 2025 am 11:06 AM

The price of Mantra's OM token remains under pressure as recent attempts to rebound have faced substantial resistance. The OM token was trading at $0.6575

Fartcoin [FARTCOIN]  crashes 16.57% to $0.7592, smart money exits the token dumping $5MFartcoin [FARTCOIN] crashes 16.57% to $0.7592, smart money exits the token dumping $5MApr 19, 2025 am 11:04 AM

Fartcoin [FARTCOIN] faced intense selling, crashing 16.57% to $0.7592 in 24 hours. This steep drop follows a massive exit by smart money, which sold off over $5 million worth of the token in a single day.

Bitcoin (BTC) Enters Oversold Levels But This Development Is Bearish, Not Bullish, Warns AnalystBitcoin (BTC) Enters Oversold Levels But This Development Is Bearish, Not Bullish, Warns AnalystApr 19, 2025 am 11:02 AM

Crypto analyst Quinten recently revealed that Bitcoin has entered oversold levels. However, analyst Dr. Cat has warned that, contrary to public opinion, this development is bearish, not bullish, for the flagship crypto.

Amid the recent market downturn, several developments have occurred in the Dogecoin and Shiba Inu ecosystems.Amid the recent market downturn, several developments have occurred in the Dogecoin and Shiba Inu ecosystems.Apr 19, 2025 am 11:00 AM

These include fundamentals, which provide a bullish outlook for the foremost meme coins.

Could BDAG Hit $1 First? BlockDAG's Testnet Rollout Puts HBAR & XLM on AlertCould BDAG Hit $1 First? BlockDAG's Testnet Rollout Puts HBAR & XLM on AlertApr 19, 2025 am 10:58 AM

Stellar & Hedera are drawing attention, but BlockDAG's live testnet, miner rollout, & 2,380% presale growth are proving it's the altcoin to watch. Here's why BDAG could lead the charge.

Hot AI Tools

Undresser.AI Undress

Undresser.AI Undress

AI-powered app for creating realistic nude photos

AI Clothes Remover

AI Clothes Remover

Online AI tool for removing clothes from photos.

Undress AI Tool

Undress AI Tool

Undress images for free

Clothoff.io

Clothoff.io

AI clothes remover

AI Hentai Generator

AI Hentai Generator

Generate AI Hentai for free.

Hot Tools

Dreamweaver Mac version

Dreamweaver Mac version

Visual web development tools

Notepad++7.3.1

Notepad++7.3.1

Easy-to-use and free code editor

mPDF

mPDF

mPDF is a PHP library that can generate PDF files from UTF-8 encoded HTML. The original author, Ian Back, wrote mPDF to output PDF files "on the fly" from his website and handle different languages. It is slower than original scripts like HTML2FPDF and produces larger files when using Unicode fonts, but supports CSS styles etc. and has a lot of enhancements. Supports almost all languages, including RTL (Arabic and Hebrew) and CJK (Chinese, Japanese and Korean). Supports nested block-level elements (such as P, DIV),

Safe Exam Browser

Safe Exam Browser

Safe Exam Browser is a secure browser environment for taking online exams securely. This software turns any computer into a secure workstation. It controls access to any utility and prevents students from using unauthorized resources.

SAP NetWeaver Server Adapter for Eclipse

SAP NetWeaver Server Adapter for Eclipse

Integrate Eclipse with SAP NetWeaver application server.