The JasmyCoin price surged 15% in the last 24 hours to trade at $0.04401 as of 7:30 a.m. EST on a 136% surge in trading volume to $487 million.

JasmyCoin Price Technicals Support Bullish Sentiment

The JasmyCoin price indicates a gradual uptrend following a sustained consolidation. The bulls have found an anchor support level at $0.01553, helping the bulls to fly the price within and past the rising channel to the $0.02855 resistance level.

Within the channel, the bulls seem to have established a strong support level of $0.02118, at which the price briefly stabilized.

JASMYUSDT Analysis. Source: Tradingview.com

But the bears have started a correction, stopping the bulls from gaining further. If this correction continues, it could significantly cut the bulls’ profits as they’re forced to pull back. 

However, the bulls aim to regroup at the $0.03518 support level on the channel’s lower boundary. They could push the price above the current resistance level if they succeed.

Additionally, the backing of the technical indicators adds fuel to the momentum. With the price maintaining its position above both the 50 and 200 simple moving averages (SMA) and a moving average cross occurring at $0.018692, it solidifies the overall bullish momentum.

The Relative Strength Index (RSI) shows a bounce on the 50 midline level heading into the overbought range of 70. This signals strong buying pressure. Increased momentum could push the RSI into the overbought zone. 

JasmyCoin Price Bulls Poised For A Bull Rally

The price of JasmyCoin is caught in a tug-of-war between the bulls and bears as they battle for control. There’s a chance the bulls might gather their strength at the channel’s upper trendline, aiming to drive the price up to $0.05164 beyond the channel boundaries.

On the flip side, if the price drops, it could signal a shift to a bearish trend, allowing the bears to apply pressure on the bulls to fall back to the $0.03811 support level.

Given the uncertainty over the outlook for JASMY, traders might like to consider WienerAI, a dog-themed token that’s already raised more than $4.9 million.

WienerAI Presale Races Towards $5 Million Goal

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By blending innovative AI-driven trading features with attractive staking rewards, it’s clear why WienerAI is drawing so much attention.

YouTube channel Cryptonews says WienerAI is ”the next big breakthrough in AI crypto.”

WienerAI is currently priced at $0.000716 per token. But a price hike is coming in less than three days, or when sales reach $5.2 million, so buy soon to avoid missing out on the lowest possible price.

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