- The JasmyCoin price has surged by 350% in the last 2 months.
- The JasmyCoin price has surpassed the 20-day EMA, indicating bullish momentum.
Based on the technical chart, the JASMY price has witnessed intense buying pressure for the last 2 months, and it is up by 350%. The buying momentum was interrupted by the $0.0250 hurdle, and further, the price tried two times to sustain the $0.0250 mark, but it couldn’t.
The Jasmy price recorded a 52-week high of $0.0274 on March 04, 2024, but dropped by 45% in the next two days. In mid-February, the price triggered a breakout and performed positively.
The JASMY crypto price is trading at $0.0221, which has dropped by 1.20% in the last 24 hours. The market capitalization is $1.09 billion, and the fully diluted market cap is $1.11 billion. The 24-hour trading volume is $171.81 million, which has decreased by 20%. The circulating supply is 49.30 billion, and the total supply is 50 billion.
Whales Holdings
Based on the holdings of JasmyCoin, whales hold $26.39 billion, investors hold $12.93 billion, and retailers hold $10.62 billion. Since July 2022, the holdings of whales have increased by more than 25%, which has shown a positive impact on the price.
JASMY Crypto Price vs Volume Analysis
According to the graph of price vs volume, the trading volume has decreased from $1.60 billion to $171.44 million, but the JasmyCoin price has not declined much. In the short term, the trading volume has dropped from $550 million to $171.44 million in a week, but the price has remained constant. According to the data, the JASMY crypto price may decline further.
JASMY Crypto Social Dominance vs Social Volume Analysis
The social dominance and social volume have declined aggressively over the last few weeks, but the price hasn’t dropped. Positive momentum can be expected if social media engagement on platforms like X (Twitter), Instagram, and Telegram increases.
JASMY Crypto Price Technical Analysis Over Daily Timeframe
The JASMY price has been in a bullish trend, and it has taken support on the $0.0170 and triggered a pullback. The JASMY price has surpassed the 20-day exponential moving average and is heading toward the 52-week high.
If the JasmyCoin price reaches the 52-week high, it may react negatively, and short-term profit booking can be seen. If the price faces resistance from the $0.0250 mark and declines, sellers may become active, and a bearish trend is possible.
On the other hand, if the JasmyCoin price surpasses the $0.0250 mark and sustains, it may record a new 52-week high, and the price may rise by forming higher highs and higher lows.
Based on the technical indicators, the JASMY crypto price is trading over the significant moving average and showcasing the buying momentum. A bullish crossover has been generated between the RSI and RSI-based moving averages, indicating the bullish forecast.
JasmyCoin Price Technical Analysis Over 4-H Timeframe
The JASMY crypto price has been rising by taking support on the trendline in a 4-H time frame. If the price slips below the trendline and sustains, selling pressure for the short term can be expected.
Alternatively, if Jasmy supports the 20-day exponential moving average and sustains it, buyers may become active and lead the trend.
Conclusion
JASMY’s price has been bullish and reached a 52-week high. Currently, the JasmyCoin price is facing resistance from the $0.0250 mark, but the price is trying to sustain over the 20-day exponential moving average. Technical indicators are favoring bullish momentum.
Technical Levels
Resistance: $0.0250 & $0.0350
Support: $0.0200 & $0.0160
Disclaimer
This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss that may occur from investing in or trading. Please do your research before making any financial decisions.