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The JasmyCoin price prediction reveals that JASMY remains confined within the descending channel, hovering below the moving averages.
JasmyCoin Prediction Data:
- JasmyCoin price now – $0.018
- JasmyCoin market cap – $846.23 million
- JasmyCoin circulating supply – 49.44 billion
- JasmyCoin total supply – 50 billion
- JasmyCoin Coinmarketcap ranking – #75
Getting into crypto projects early can be a game-changer, and JasmyCoin (JASMY) is a great example of how prices can fluctuate over time. Since reaching its all-time low of $0.001257 on December 29, 2022, JASMY has surged by an impressive 529.21%, showing significant growth potential. While it once peaked at $4.99 on February 16, 2021, the current price remains far below that level. Tracking such movements highlights the importance of timing and strategy when investing in cryptocurrencies.
JASMY/USD Market
Key Levels:
Resistance levels: $0.025, $0.027, $0.029
Support levels: $0.010, $0.008, $0.006
The JASMY/USD daily chart shows that the price is currently in a prolonged downtrend, trading within a well-defined descending channel. The market is currently priced at $0.0181, showing a slight 1.45% increase, which suggests a minor attempt at recovery. However, the price remains below the 9-day MA (0.0189) and the 21-day MA (0.0207), indicating that bearish pressure is still dominant. The current support level sits at $0.017, which has previously acted as a psychological floor for buyers. If selling pressure continues, we could see a further decline towards this support level, leading to another round of bearish movement.
JasmyCoin Price Prediction: JASMY Remains at the Downside
Looking at the daily chart, the JasmyCoin price is heading toward the south. However, for the market to reverse its bearish trajectory, bulls must push the price above the 9-day MA, which could signal the beginning of a short-term upward correction. The first significant resistance lies at $0.020, which aligns with the upper boundary of the descending channel. A successful breakout above this level would invalidate the bearish setup and trigger a bullish recovery toward the resistance levels of $0.025, $0.027, and $0.029. Meanwhile, considering the low trading volume, buyers need to show increased strength for a sustainable reversal. Otherwise, the price may continue consolidating within the channel before making a decisive move.
JasmyCoin (JASMY) Ready to Explode?
Nonetheless, if the price fails to hold above the current level and faces rejection from the moving averages, it could accelerate toward the $0.010, $0.008, and $0.006 supports. These levels will be crucial, as a break below it could result in a strong sell-off, potentially pushing JASMY into new multi-month lows. On the other hand, a strong bounce from support could indicate accumulation and present a buying opportunity for traders expecting a reversal. Overall, JASMY remains in a bearish structure, and a trend shift will only be confirmed if the price reclaims $0.022 and breaks above the descending channel.
JASMY/BTC Continues with the Downtrend
The JASMY/BTC daily chart shows that the price is still moving within a descending channel, suggesting a prolonged bearish trend. Currently, the price sits at 2083 SAT, slightly below the 9-day MA (2138 SAT) and the 21-day MA (2216 SAT), reinforcing bearish momentum. As long as the price remains below these moving averages, sellers will continue to dominate, potentially dragging the market toward the support level at 1500 SAT. The declining volume also signals a lack of strong buying pressure, making it difficult for bulls to regain control in the short term.
However, for a potential bullish reversal, the price must break above the 9-day and 21-day MAs, with a decisive close above 3200 SAT (resistance level) to confirm a shift in trend. A successful breakout from the descending channel could pave the way for further upside movement. However, if the 2083 SAT level fails to hold, the price could decline further toward 1100 SAT, where a strong reaction might occur. Traders should watch for a spike in buying volume to determine if a trend reversal or continued downside movement is more likely.
Moreover, @Westzy5 informs his followers on X (formerly Twitter) that $JASMY has undergone 161 weeks of consolidation, signaling a prolonged accumulation phase that could lead to a significant breakout. With momentum building, a breakout above $0.045 appears imminent, and the extended consolidation suggests the potential for a strong upward expansion. Are you ready?
$JASMY 161 weeks of consolidation: A prolonged period of consolidation, indicating a potential buildup of energy for a significant move. – Breakout imminent: A breakout above $0.045 is looming, with the longer consolidation phase suggesting a larger expansion.
Are you ready?! pic.twitter.com/epgfj6Dn6A— Ron Pogi (@Westzy5) March 3, 2025
Alternatives to JasmyCoin
JASMY continues to struggle to reclaim its broken trendline support, which now acts as resistance, with multiple failed attempts reinforcing a bearish outlook. If it remains below this level, further downside movement is likely, potentially retesting the lower boundary of the descending channel. Meanwhile, the Best Wallet app is gaining traction in the crypto space with its innovative ecosystem, offering secure storage, DeFi functionalities, and a decentralized exchange (DEX) for seamless trading. Users benefit from reduced transaction fees when holding Best Tokens, and the platform is set to expand with features like the Best Card, portfolio management, and advanced market insights. Notably, JasmyCoin can also be purchased on the Best Wallet platform, raising over $10.7 million during its ongoing presale stage.
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Related News
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- Best Wallet Presale Surges to $10.6 Million as Multi-Chain Support and Security Features Attract Investors
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