JasmyCoin Price Prediction: JASMY Surges 28%, But Traders Rush To This New Meme Coin Before It’s Too Late

The JasmyCoin price skyrocketed 28% in the last 24 hours to trade at $0.05163 as of 4.45 a.m. EST on trading volume that rose 8% to $991.6 million.

The JASMY price saw a massive surge in the last day, but this is only a continuation of the increase seen in the past week. JASMY skyrocketed by 99% in the last seven days, going from $0.02515 last Thursday to its current price.

For the moment, it appears that the resistance at $0.0500 might stand in the way of the token’s climb. The token’s price started skyrocketing alongside Bitcoin, which recently made history by hitting and slightly exceeding the $100K milestone, currently balancing just above the support level at $102K.

However, JASMY’s price increase cannot be attributed solely to Bitcoin, as the coin was growing throughout the week while BTC was trading sideways.

JasmyCoin Price Prediction

With JASMY now battling a resistance at $0.050, many are wondering if the token has the strength to breach this barrier and continue to climb.

Its Bollinger Bands have certainly given positive signals lately, with the gap between the two bands widening, while the price separated from the middle point and pushed the upper band further up. However, since reaching the resistance, the price started hesitating and fluctuating halfway between the upper band and the middle point between the two bands.

This suggests that there is still a bullish presence around the token, but that the traders are hesitant to continue pumping it, as they likely expect a rejection.

This is also in line with the project’s Relative Strength Index (RSI) value, which recently reached the overbought zone at the value of 70. While it managed to exceed it slightly, suggesting that the bulls were strong up until this point, it has since started declining.

The RSI has formed an interesting pattern that suggests traders were taking profit and then buying again as soon as the price dips, only to sell again as the new wave of demand causes a slight increase. The process was repeated multiple times, but the overall RSI trend shows a decline, suggesting that the bears are starting to take over the market and that a correction is likely incoming.

This could mean that JASMY might soon drop to $0.040, a strong support that used to be a resistance until the token broke it only 8 or 9 hours prior to the time of writing.

Promising Alternative To JasmyCoin

With JasmyCoin likely to experience a decline in the hours to come, traders might be interested in alternatives such as Crypto All-Stars (STARS).

Crypto All-Stars is a new meme coin that has been in ICO for several months and is now in the final stage of its ICO. The project captivated the attention of investors thanks to a new type of staking smart contract which it named the MemeVault.

This is a staking platform that, unlike other smart contracts, doesn’t limit staking to only a single cryptocurrency. Instead, Crypto All-Stars’ MemeVault lets you store multiple meme coins, currently supporting 12 cryptos. Apart from its native STARS token, you can also stake Pepe, Dogecoin, Shiba Inu, Floki, Brett, Mog Coin, Milady, Turbo, Toshi The Cat, Coq Inu, and Bonk.

POV: Relaxing after a long day of bringing ALL of your favourite memes into one vault 👾🔥 pic.twitter.com/mcQbjKP5cp

— Crypto All-Stars (@all_stars_coin) December 4, 2024

However, after the ICO ends, the team plans to expand the support to include many more meme coins, allowing investors to stake entire meme coin portfolios in one place. Given that 2024 was a year of meme coins, and that investors who never bought at least one meme coin are pretty rare, it came as no surprise that many rushed on the opportunity to support a project with such a revolutionary feature.

The ICO itself blew up, raising over $8.66 million as of Dec. 5, and now, there is only around two weeks left before the presale stage ends. Once it happens, STARS will likely see multiple listings, and many expect its price to skyrocket. Crypto expert and a YouTuber ClayBro, who has over 133K subscribers, said in a recent video that the token has at least 10X potential, making it worth investing in early, while its value sits at only $0.0016782.

Purchase STARS here.

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