JasmyCoin (JASMY) remains under pressure, and this article examines the latest changes in its price dynamics as well as potential scenarios for the asset.
Technical Analysis of JasmyCoin Price
Recent price movements of JASMY are related to the completion of a five-wave Elliott decline, where the final leg bottomed at $0.0127. Following this movement, the asset entered an A-B-C corrective bounce, pushing prices up to resistance at $0.0139–$0.0142.
This resistance aligns with multiple Fibonacci retracement levels, including 0.618, 0.5, and 0.382, which have thus far capped any upward continuation. The price trades below a dotted descending trendline from historical highs, reinforcing downward pressure. The support zone around $0.0127–$0.0130 remains key, having held during previous reactions.
Future Scenarios and Key Levels
Right now, everything comes down to whether JASMY can push above the $0.0142 level, while forming a solid five-wave uptrend. If this doesn’t work out and JASMY breaks below the $0.0127 support, the price could slide down to somewhere between $0.0120 and $0.0124. Analysts are watching how the JASMY price moves around these key levels, as a solid breakout could shift market sentiment.
General Conclusions and Recommendations
The current situation with JASMY indicates a lack of sufficient momentum for a trend reversal. The combination of relatively low trading activity and the lack of clear patterns also suggests monitoring the further developments and potential changes in market dynamics.
The analysis shows that JasmyCoin faces several obstacles on the road to recovery. Investors should closely monitor price levels and technical signals to make informed decisions.
