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The JasmyCoin price prediction reveals that JASMY remains confined within the descending channel, oscillating between support and resistance.
JasmyCoin Prediction Data:
- JasmyCoin price now – $0.018
- JasmyCoin market cap – $908.8 million
- JasmyCoin circulating supply – 49.44 billion
- JasmyCoin total supply – 50 billion
- JasmyCoin Coinmarketcap ranking – #74
Getting in early on crypto projects can be a game-changer, as many tokens experience significant price swings over time. Take JasmyCoin (JASMY), for example—since reaching its all-time low of $0.002747 on December 29, 2022, it has surged by an impressive 571.14%, demonstrating the potential for major gains. While still far from its all-time high of $4.99 recorded on February 16, 2021, this recovery highlights the volatility and opportunity within the crypto market.
JASMY/USD Market
Key Levels:
Resistance levels: $0.028, $0.030, $0.032
Support levels: $0.010, $0.008, $0.006
JASMY/USD is trading within a descending channel, struggling to break key resistance levels. The price finds support within this channel around December 9, 2024, and experiences multiple bounces and rejections. A significant breakdown occurs when JASMY fails to maintain its uptrend line support, which now flips into resistance. The inability to reclaim this level keeps downward pressure intact, with the price revisiting the lower boundary of the descending channel. Additionally, the 0.018 level, which previously acts as strong support, now turns into resistance, further confirming the bearish structure.
JasmyCoin Price Prediction: JASMY May Cross Below the Channel
According to the daily chart, JASMY is currently trading at $0.0185, experiencing a slight decline of -0.88% for the day. The price remains in a well-defined descending channel, confirming a long-term bearish trend. The 9-day MA ($0.0200) and the 21-day MA ($0.0213) continue to act as resistance, suppressing any attempts at recovery. However, if JASMY fails to reclaim these levels, sellers could maintain control, leading to a retest of the lower boundary of the channel. The immediate support lies at $0.0150, and a breakdown below this level would confirm further weakness, possibly extending the bearish momentum to $0.010, $0.008, and $0.006 respectively.
JasmyCoin (JASMY) Ready to Explode?
On the upside, for JASMY/USD to regain bullish momentum, it must break above the 9-day and 21-day MAs with a strong bullish candlestick. If this happens, the next major resistance level is around $0.028, $0.030, and $0.032, which aligns with the upper boundary of the channel. A confirmed breakout above this level could shift the trend into a bullish phase, attracting more buyers. However, as long as the price remains below these key resistance zones, the overall structure remains bearish, and traders should remain cautious of further downside movements.
JASMY/BTC May Head to the North
The JASMY/BTC daily chart is showing a continuation of the downward trend within a well-defined descending channel. Currently, the price is trading at 2188 SAT, reflecting a -1.57% decline for the day. The 9-day MA (2168 SAT) and the 21-day MA (2245 SAT) are both positioned above the price, acting as resistance levels. As long as the price remains below these moving averages, the bearish trend is likely to persist. however, if sellers maintain control, the next support level is at 1550 SAT, where a potential bounce could occur. However, a breakdown below this support could accelerate selling pressure, leading to lower price levels.
On the upside, for JASMY/BTC to shift towards a bullish outlook, the price must decisively break above both the 9-day and 21-day MAs, confirming bullish strength. The next key resistance level is at 3000 SAT, aligning with the upper boundary of the descending channel. A breakout above this level would signal a trend reversal and attract buying momentum. However, failure to surpass the short-term resistance at 2245 SAT may result in continued consolidation or a further decline. Traders should closely monitor volume and price action around these critical levels to confirm the next market direction.
Nevertheless, @AliferCrypto notes that the TD-Sequential indicator signals a potential reversal for $JASMY, highlighting its historical accuracy in identifying market tops and bottoms. Bullish signs include a Buy Countdown on the daily chart, a Buy Setup on the weekly chart, a demand zone retest with high volume, and an oversold RSI. However, JASMY remains in a downtrend, so caution is advised. A confirmed breakout above downtrend resistance and the $0.04 supply zone is needed to validate a trend reversal and avoid a potential Head & Shoulders pattern.
TD-Sequential flashed a Buy Countdown for $JASMY on Tuesday. 📊
As you can see on the chart, the indicator has been quite accurate at marking local bottoms and tops, especially near supports/resistances.
There are several signals that point to a possible reversal:
• Buy… pic.twitter.com/cvzDM7JylH— Alifer (@AliferCrypto) February 27, 2025
JasmyCoin Alternatives
Despite the recent downturn, JASMY demonstrates strong bullish potential when it breaks out of a long-term falling wedge pattern. This breakout leads to a massive rally, resulting in a 2,000% price surge. However, the uptrend halts at a major resistance zone. If JASMY reclaims critical support levels and breaks the current descending structure, a move toward this long-term resistance range becomes a possibility. On that note, Best Wallet has rapidly gained traction in the cryptocurrency space, raising over $10 million and positioning itself as one of the most promising utility tokens. The wallet is free to download and offers a sleek, user-friendly interface that has received positive feedback from the community.
Best Wallet Dominating In What Could Be One Of The Best Utility Tokens To Buy Now
Given the rising demand for secure crypto storage and its potential to capture even a fraction of Trust Wallet’s 200 million downloads, BestWallet presents a lucrative early investment opportunity. If it achieves just a tenth of Trust Wallet’s success, its token could see up to 20x gains. With the price set to rise soon, now is the perfect time to invest and position yourself for substantial returns.
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