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Sohrab Khawas
Sohrab Khawas
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Sohrab is a passionate cryptocurrency news writer with over five years of experience covering the industry. He keeps a keen interest in blockchain technology and its potential to revolutionize finance. Whether he's trading or writing, Sohrab always keeps his finger on the pulse of the crypto world, using his expertise to deliver informative and engaging articles that educate and inspire. When he's not analyzing the markets, Sohrab indulges in his hobbies of graphic design, minimal design or listening to his favorite hip-hop tunes.
- Dec 06, 2024 07:53 UTC
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JasmyCoin Hits New 52-Week High: Will It Target $0.0717 Next?
JasmyCoin has broken a long-standing resistance trendline, ending its lower-high trend and signaling a bullish trend continuation.
The 100-day and 200-day EMA golden crossover and bullish MACD signals strengthen the bullish outlook.
Upside targets are $0.0717 and $0.1303, while $0.03353 serves as critical downside support.
With a market cap of $2,563,006,429 and a 24-hour trading volume of $2,181,194,443, JasmyCoin demonstrates strong investor interest. Over the past month, JasmyCoin’s recovery rally has broken a long-standing resistance trendline, ending the lower-high trend formation.
Will the ongoing recovery rally surpass this critical psychological mark? Let’s find out in our latest JasmyCoin price analysis.
JASMY Price Performance
On the daily chart, the JasmyCoin price showcases a rounding bottom reversal. The parabolic rise in JASMY price began at the critical $0.016 support level. Since November 5, its market price has surged nearly 224%.
The bullish momentum has surpassed the crucial supply zone by $0.032 and $0.050. With an intraday gain of 1.23%, JasmyCoin has marked its 9th consecutive bullish candle.
This sustained streak of bullish candles has resulted in a 145% price surge, breaking above the 1.272 Fibonacci level at $0.0522. The current intraday fall aligns as a retest of the broken resistance level. The bullish recovery rally has resulted in a new 52-week high at $0.059068.
JasmyCoin Price Technicals and Price Targets
The recovery rally has triggered a golden crossover and a positive crossover between the 100-day and 200-day EMA lines. Moreover, the MACD and signal lines exhibit sigmoidal growth with increasing positive histograms, signaling robust bullish momentum.
The Fibonacci levels highlight upside price targets of $0.0717 and $0.1303, indicating a potential upside of 145%. On the downside, if JASMY price faces rejection, a potential retest of the 78.60% Fibonacci level at $0.03353 is possible.
Read More: JasmyCoin price prediction 2025-2030.
FAQs
What are JASMY price key targets?
Key targets include $0.0717 and $0.1303, based on Fibonacci levels, indicating a potential upside of 145%.
What is JasmyCoin’s current price performance?
JASMY price has surged nearly 224% in a month, marking a new 52-week high at $0.059068 with a 1.23% intraday gain.
What is JasmyCoin’s downside risk?
If JasmyCoin faces rejection, a retest of the 78.60% Fibonacci level at $0.03353 is likely, providing support.
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