JASMY, a popular altcoin in the crypto space, is again attracting attention. In the last 48 hours, the token has shown a sharp increase of 30%, which has become a notable event for traders and analysts.
Reasons Behind JASMY's Rise
In the past 48 hours, JASMY experienced a sharp spike, increasing by 30%. This marks the first significant growth since March, when the token also demonstrated activity.
The Significance of the RSI Level
The Relative Strength Index (RSI) on the daily chart has crossed the 60 mark. This technical signal indicates a potential increase in bullish momentum. Historically, JASMY's similar occurrences have led to substantial rallies.
What Lies Ahead for JASMY?
Current signals indicate that JASMY may be on the path to a new bullish phase. Maintaining the RSI above 60, along with increased trading volumes, will bolster traders' confidence in the further movement of the token.
JASMY is showing positive technical signals, and the market is closely watching the developments. Optimism in trading could prove to be justified.
