Billed as Japan’s Bitcoin, JasmyCoin (JASMY) is gaining attention this week as its utility token JASMY price shows bullish momentum within the altcoin community.
After experiencing a prolonged decline from a mid-May high of $0.02138, the JASMY crypto has recently rebounded in the short term from a support trendline at $0.01040. This move is marking a significant reversal from its short-term downtrend.
This upward movement is firmly supported by JASMY’s surged trading activity which are reflected in positive on-chain metrics. It is strongly indicating that there is a renewed market demand for JASMY crypto and points towards the potential for a new bullish trend.
Experts are also optimistic about JASMY’s future. One analyst predicts short-term gains of 100%, while another forecasts an impressive 1950% increase.
Keep reading to know more.
The rise in a significant segment of the addresses holding 1-100,000 coins in Q2 signals an increase in small to mid-tier investors’ accumulation.
These buyers include retail crowds like high-net-worth individuals or small institutions consistently adding to their holdings. This quiet accumulation indicates growing underlying confidence and demand for JASMY.
Simultaneously, the weighted sentiment turning from a negative -1.039 to a positive +0.59 is also a powerful bullish signal. This metric reflects the overall emotional tone of social discussions, weighted by social volume.
This indicates that the dominant narrative surrounding JASMY on social media has become optimistic, which means that positive discussions are now outweighing negative ones. This can attract new buyers and reinforce existing holder conviction.
Combined, these metrics paint a picture of increasing fundamental support, coupled with a strengthening positive market perception. These are strong indications of potential upward price momentum for JASMY.
On JASMY’s daily chart, a nearly 25% growth was recorded this week, indicating a potential break from its short-term bearish trend. At the time of writing, JASMY was trading at $0.01334, with most technical indicators suggesting further upward movement.
The MACD recently showed a bullish cross, and its histogram has turned green, confirming rising momentum “AO” has also turned green, as bulls enter the JASMY market.
Also, the short-term bullish sentiment is supported by the RSI’s rebound from oversold territory, flipping the 14-SMA smoothed line to 48.23. Meanwhile, the Chaikin Money Flow indicates increasing money inflow, recovering from June’s low of -0.20 to -0.06.
Similarly, an analyst named Nology shares this short-term bullish outlook, predicting an Elliott wave’s first impulsive wave in the coming weeks, with a target near $0.026.
Additionally, in the long term, analyst Javon Marks highlights a very bullish setup for JASMY. He identified a hidden bullish divergence on the MACD, suggesting JASMY could be on the verge of a sustained multi-phase rally.
Marks has set an aggressive target of $0.278 for JasmyCoin, representing an impressive upside of over 1,950% from the current price, assuming bullish conditions continue.
While JASMY is showing bullish momentum and positive on-chain metrics, indicating renewed demand, whether it’s a “good” investment depends on individual risk tolerance. Analysts are optimistic about its future, with some predicting significant gains, but it’s crucial to research its fundamentals and the inherent volatility of crypto.
Price predictions for JASMY by the end of 2025 also vary. Some analysts, like Coinpedia, offer a bullish outlook with a maximum of around $0.115. Other sources, such as Mitrade, predict a high of $0.0471. These figures are subject to market conditions and project development.
Long-term predictions for JASMY in 2030 vary significantly. Some bullish forecasts from sources like Mudrex Learn suggest an average price of around $20.27, with a maximum hitting up to $25.91. Other more conservative estimates place it between $0.052 and $0.323.
Kaanch (KNCH) is anticipated to create a great impression in the market through its future…
Arbitrum (ARB) price was the best performing top-100 altcoins by market cap in the past…
Years ago, when John E Deaton, a well-known crypto advocate and legal voice in the…
As the Ethereum price approaches Q3, it has shown a notable 3% increase, surpassing the…
Story Highlights The SEI live Price is . Sei price could reach a high of…
On June 25, Europol announced a major breakthrough as Spanish Guardia Civil, with support from…
