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The JasmyCoin price surged 15% in the last 24 hours to trade at $0.01811 as of 05:06 a.m. EST on trading volume that rose 77% to $579 million.
This comes as the coin registered a 235% increase in the last month, following a rise in user interest, and its listing on Guarda Wallet.
We are #JANCTION !
Incubated by #Jasmy !
We are here to bring you a new service!
We have started!🚀 🚀 🚀@HARA_JasmyCFO @JasmyMGT $Jasmy #BTC pic.twitter.com/rFrORbdxa9— JANCTION (@JanctionMGT) February 27, 2024
Will the partnership help drive the JASMY price even higher?
JasmyCoin Price Bullish, Breaks Above The Bullish Pennant
The JasmyCoin price has been in a consolidation phase from the beginning of this year, trading within the $0.006 range. However, the bulls seem to have won the struggle, pushing the price on an upward trajectory through a markup phase.
Despite this, they faced resistance at $0.0123, with the price slightly retracing to the support level around $0.010.
The JASMY bulls remain resilient, as they have already driven the price beyond the upper boundary of the bullish pennant, right before a slight retrace. JASMY is currently trading above both the 50-day and 200-day Simple Moving Averages (SMAs), indicating that the price will soar even higher.
Additionally, the Relative Strength Index (RSI) is moving up from the 50-midline region to 65, which indicates an increasing buying pressure, as the optimism surrounding the token increases.
The Moving Average Convergence Divergence (MACD) is also bullish, as the moving average line (blue) is crossing above the signal line (orange), signifying a bullish crossover. This crossover often acts as an encouragement for the bulls to add more buys, which could drive the price even higher.
Moreover, the green bars on the histogram further support the bullish sentiment as they extend on the upper side of the zero line, indicating the start of a bullish trend.
JasmyCoin Price Prediction
The JasmyCoin price analysis has a bullish bias, as the price trades within a bullish pennant. Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.00535. The bulls are looking to make use of these factors to drive the price up, breaching the upper boundary of the pennant, aiming at $0.0246.
However, if the bulls take charge of the price at this level, they may drive the price through a retracement, which may land the price at $0.01265, coinciding in line with the lower boundary of the pennant.
As the JASMY bulls count gains from the past month, others are looking for the next big meme coin sensation. Some analysts say that might be Solana-based Smog, a project that’s promising to unleash the mother of all airdrops.
Smog Poised To Be The Next Big Solana Meme Coin, 100X Gains
Smog, a new arrival on the Solana blockchain, aims to dominate Solana-based meme coins including BONK, MYRO, and WIF, as it makes clear from its slogan: “One meme coin to rule them all.”
One #Memecoin to rule them all! 🚀
Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰
Join #SMOG on Zealy! 🔥
Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4
— SMOG (@SMOGToken) February 8, 2024
The project is already gaining traction, garnering over 30,000 holders, and a market capitalization of $38 million.
The project aims to top the $700 million JUP airdrop, with the team allocating 35% of Smog’s 1.4 billion token supply for the upcoming airdrop, dubbed “the greatest in history.”
To qualify for the airdrop, the easiest way is to buy and hold Smog tokens in your wallet. Also, you can undertake and complete different tasks managed by Zealy. There are over 10,000 airdrop members who have completed over 700,000 quests.
Buy And Stake For 42% Annual Rewards
Smog has a staking protocol, where you can earn passively by staking your acquired $SMOG tokens for an impressive 42% annual percentage yield (APY).
According to CryptoGains, a prominent crypto analyst and YouTuber, Smog has the potential to 100X on launch.
You can buy the SMOG token on its official website to be eligible for the historic airdrop soon.
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