JasmyCoin prices garner attention from analysts due to potential directional shift signals. This article explores key levels and indicators to consider.
JASMY Weekly Chart Analysis
The weekly chart shows JASMY trading at $0.02978, just below the crucial 38.2% Fibonacci level. Analyst Michelle Jongbloets notes the formation of a Hammer Candlestick pattern on the weekly chart, which typically signals a potential upward reversal. However, she emphasizes the need for confirmation through a strong bullish candlestick. MACD shows diminishing bullish momentum, while RSI is at a neutral 47.
Daily Timeframe Insights for JasmyCoin
The daily chart reveals ongoing consolidation with reduced selling pressure. Jongbloets notes that the price is nearing oversold territory around the lower Bollinger Band at $0.024. She identifies resistance levels at $0.033 and possibly $0.037 if bullish momentum continues.
Short-Term Price Action for JasmyCoin
On the 4-hour chart, the market is caught in a tug-of-war between bulls and bears. An engulfing red candlestick near the 20-day moving average marks a resistance zone, while immediate support holds at $0.029. The MACD shows limited momentum for breaking above resistance, with the RSI suggesting potential bearish pressure.
Analysts continue to monitor price action around the $0.029 level, which could determine JASMY's direction in the coming weeks. The focus is on confirming bullish signals and key resistance levels.
