The altcoin JASMY is gaining attention again as it shows a bullish divergence on the MACD indicator, suggesting a possible trend reversal.
Understanding Bullish Divergence
A bullish divergence occurs when an asset's price reaches new lows, but the MACD starts to trend upward. This separation between price and momentum often signals that the market is losing bearish strength, paving the way for a bullish reversal.
Current Market Situation for JASMY
In JASMY’s case, the divergence is becoming increasingly pronounced. Despite recent declines, MACD is forming higher lows, suggesting that buyers are beginning to step in quietly, absorbing the sell pressure and potentially preparing for a reversal move.
Future Movement Prospects
While no technical pattern guarantees results, bullish divergences are widely respected in the crypto trading world. If JASMY holds its current support zone and volume starts to pick up, this divergence could be the catalyst for a bullish trend reversal.
The situation on the JASMY market requires close attention, as the coming days may be crucial for traders watching for a possible recovery.
