JasmyCoin Price Prediction for Today, March 24 – JASMY Technical Analysis

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JasmyCoin Price Prediction for Today, March 24 – JASMY Technical Analysis
JasmyCoin Price Prediction for Today, March 24 – JASMY Technical Analysis

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The JasmyCoin price prediction shows that JASMY continues its downward movement as the coin keeps eyeing the support zone.

JasmyCoin Prediction Data:

  • JasmyCoin price now – $0.012
  • JasmyCoin market cap – $626.28 million
  • JasmyCoin circulating supply – 49.44 billion
  • JasmyCoin total supply – 50 billion
  • JasmyCoin Coinmarketcap ranking – #95

Getting in early on crypto projects can often be a game-changer, and JasmyCoin (JASMY) is a prime example of how prices can fluctuate over time. Since hitting its all-time low of $0.002747 on December 29, 2022, JASMY has surged by an impressive 361.15%, currently ranging between $0.01192 and $0.01288 in the past 24 hours. However, it’s still far from its all-time high of $4.99 in February 2021, marking a 99.75% decline from that peak. This highlights both the risks and opportunities in crypto, making timing a crucial factor for investors.

JASMY/USD Market

Key Levels:

Resistance levels: $0.020, $0.022, $0.024

Support levels: $0.005, $0.003, $0.001

JasmyCoin Price Prediction for Today, March 24 – JASMY Technical Analysis
JASMYUSD – Daily Chart

JASMY/USD remains locked in a downtrend, trading within a descending channel and currently priced at $0.0127. The price is struggling below both the 9-day MA ($0.0132) and the 21-day MA ($0.0142), reinforcing the dominance of bearish momentum. The repeated inability to sustain gains above these moving averages suggests that sellers remain in control. If the bearish pressure intensifies, the price may soon challenge lower support levels at $0.005, and if broken, further downside could extend toward $0.003 or even $0.001 respectively.

JasmyCoin Price Prediction: JASMY Faces Key Resistance for a Potential Reversal

Despite the prevailing bearish sentiment, a potential rebound could occur if JASMY finds significant demand near the lower boundary of the descending channel. For any bullish reversal to gain traction, the price must reclaim the 9-day and 21-day MAs as support. A decisive move above these levels could shift momentum in favor of buyers, targeting resistance levels at $0.020, $0.022, and $0.024. However, such a reversal would require a notable increase in trading volume and sustained bullish momentum to break out of the long-term downtrend.

JasmyCoin (JASMY) Ready to Explode?

If JASMY fails to gather enough buying pressure, the downward trajectory could continue, leading to extended consolidation or further breakdowns. Traders should closely monitor price action around the $0.010 support level, as a breach could accelerate losses toward lower demand zones. On the other hand, an increase in buyer activity and a break above key resistance levels would indicate a shift in sentiment, potentially signaling the beginning of a new uptrend.

JASMY/BTC Faces Persistent Downtrend, Testing Critical Support Levels

JASMY/BTC remains in a persistent downtrend, trading within a descending channel and currently priced at 1440 SAT. The price continues to struggle below the 9-day MA (1565 SAT) and the 21-day MA (1676 SAT), indicating that bearish momentum is still in control. The failure to break above these moving averages suggests that sellers remain dominant, limiting any potential recovery attempts. If this trend continues, JASMY could retest its immediate support at 500 SAT, which marks a critical level for potential buyers. A breakdown below this level could lead to further downside pressure, potentially extending losses deeper into uncharted bearish territory.

JasmyCoin Price Prediction for Today, March 24 – JASMY Technical Analysis
JASMYBTC – Daily Chart

On the other hand, if JASMY finds enough buying pressure near the lower boundary of the channel, a rebound could see the price attempt a move toward the 9-day and 21-day MAs. However, a successful breakout above these levels is necessary for any bullish momentum to take shape. If buyers manage to push JASMY above 2400 SAT, the market could witness a trend reversal, targeting higher resistance levels. Until such a breakout occurs, the bearish structure remains intact, and traders should watch for potential accumulation zones before expecting any significant recovery.

Crypto analyst @ja1405_ja tells his 24K followers on X that he is accumulating more $JASMY, expecting a significant price surge once the Binance delisting vote concludes and the token exits the monitoring zone. He believes the only regret investors may have is not buying more, with his price target set between $0.30 and $1 during this bull run. Time will tell! ⏰📈

JasmyCoin Alternatives

JasmyCoin remains in a strong downtrend, trading below key moving averages and struggling to gain bullish momentum, with selling pressure suggesting further declines unless buyers step in with significant volume. A breakout above the moving averages could signal a potential trend reversal. Meanwhile, Best Wallet, a new cryptocurrency wallet, offers a secure, anonymous, and non-custodial way to store and manage digital assets without requiring ID verification or KYC, making it ideal for privacy-focused users. Supporting multiple cryptocurrencies, Best Wallet allows easy wallet creation and management, and JasmyCoin can be bought directly on the platform.

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