JasmyCoin shows notable growth, rising 14% over the last 24 hours. This surge has caught the attention of traders looking for the next promising altcoin.
Overview of JasmyCoin's Growth
Over the past month, JasmyCoin exhibited slow movement; however, the recent spike may indicate the beginning of a new trend. The token's price hit a double bottom near $0.011, which has become a strong support zone. From this level, the price surged, breaking a key resistance at around $0.016 and reaching $0.01785.
Technical Analysis and Levels
Currently, the JASMY price approaches the 200-period moving average on the 4-hour chart, located at $0.01867. This represents a significant technical test for bulls. The RSI stands at about 78, indicating overbought conditions and the potential for a short-term pullback. Key resistance and support levels are important: resistance at $0.0185-$0.0190, and support at $0.0160 and $0.0145.
Future of JasmyCoin
While the current 14% rise is substantial, it lags behind other altcoins like HBAR, ALGO, and XLM, which have shown greater gains. However, JASMY is demonstrating momentum, and if the price breaks above the 200-day moving average and holds, it could shift market sentiment.
The rise of JasmyCoin is attracting trader attention and may signal the start of a new trend. Monitoring key levels will be important in determining the token's future direction.
