The recent movement of Jasmy (JASMY) cryptocurrency price has shown a reversal, sliding towards the 20-day EMA mark after witnessing a retracement and hitting a support zone at the $0.02000 mark. Despite experiencing pump and dump activities this month, there is a bullish flag pattern visible in the price action, indicating a potential breakout once the coin bounces back.

Currently, Jasmycoin (JASMY) is trading at $0.02103 with a 3.45% intraday drop, showing a neutral stance on the charts. The monthly return ratio stands at 29.80% with a yearly return of 363.90%. Analysts predict a bullish momentum for Jasmycoin, anticipating a breakthrough of the $0.2700 barrier in the near future.

Jasmy Price To Volume Profile Reveals Bullish Trends

Upon analyzing the price to volume profile of Jasmycoin, it becomes evident that the coin is on an upward trend, supported by its ability to maintain gains above key moving averages and remain in bullish territory. However, trading volume has decreased by 2.38% indicating average buying interest.

Price Volatility, Whale Transaction, and Sentiment Analysis

According to Santiment data, volatility has decreased by 3.89% to 0.023, while whale transactions remain stable at around 3.40. A neutral sentiment is reflected with a value close to the midline at 0.364.

Social Dominance and Social Volume AI Outlook

On the social front, social dominance has dipped to 0.017%, indicating a negative sentiment among investors on social media platforms. Social volume remains neutral with a value near 13.

The Fibonacci retracement levels show bullish momentum with the coin above the 50% fib zone and within the upper bollinger band. The trend signals a potential bounce, especially if the $0.02300 hurdle is broken, leading to a significant rally.

The RSI curve suggests an overbought scenario with a positive divergence pointing towards a bullish trend. Additionally, the MACD indicator signals a bullish crossover.

Jasmycoin has a total supply of 50 billion with a volume to market cap ratio of 1.08, positioning it at 431 in the global crypto market.

Summary

Jasmycoin's price movement indicates strong bullish waves, aiming to reach the supply region of $0.02800 and beyond. Technical analysis suggests a forthcoming bounce, promising positive performance in the upcoming sessions.

Technical Levels

Support Levels: $0.02500 and $0.02200

Resistance Levels: $0.03000 and $0.03200

Disclaimer

The information provided in this article is for informational purposes only and does not constitute financial or investment advice. Any views expressed are solely those of the author and should not be considered as recommendations.