JasmyCoin Price Prediction: Here’s What Could Drive JASMY To $1 By July

JasmyCoin Price Prediction: JASMY, a crypto project from a Tokyo-based Internet of Things company, has experienced a notable surge in price over the past 24 hours. The altcoin was trading at $0.03566 during the US daytime hours on Monday, marking a 4% increase according to data from CoinMarketCap. 

This uptick comes amid a remarkable 143% spike in trading volume, positioning JasmyCoin’s 24-hour trading volume at approximately $243 million. The increase in volume and price has elevated the cryptocurrency’s market capitalization to around $1.76 billion, securing it the 53rd spot in market cap rankings. 

JasmyCoin Price Prediction: Is $0.1 a Realistic Target Soon?

JasmyCoin price has experienced a significant 80% increase in value over the last month, showcasing a strong bullish trend. On the JASMI price chart, continual upward movement is evident, marked by vibrant green waves that suggest further gains are on the horizon.

Over the past week, JamsyCoin has traded in volatility, with bulls and bears fighting for control. The cryptocurrency saw significant fluctuations, with prices oscillating between sharp rallies and sudden declines. 

JASMY declined 5%, trading in a range of $0.032 to $0.04. Despite the downward pressure, the coin displayed moments of recovery spurred by positive market sentiments and speculative buying.

The cryptocurrency firm Jasmy is experiencing a significant uptick in value due to rumors that it may collaborate with Nvidia, one of the top three global corporations. These rumors emerged following Jasmy’s announcement about developing AI infrastructure in Japan. 

Meanwhile, there is skepticism about this partnership since Nvidia has historically avoided substantial investments in the cryptocurrency sector.

Technical Indicators Suggest Bullish Momentum for JAMSY

The bullish trend of JasmyCoin suggests a potential entry into a bullish market phase. The current upward movement hints that JASMY could soon surpass the resistance level of $0.04. As this positive trend continues, the price might approach $0.1. It is foreseeable that it could touch $1.

However, if the market sentiment turns negative, JasmyCoin might find initial support at $0.036. If the downturn continues, the price will likely dip to around $0.035. In a scenario where the market becomes more bearish, there’s a risk that the price could fall to $0.03.

The daily chart for JasmyCoin displays a notable price recovery, as observed in recent trading sessions. The Moving Average Convergence Divergence (MACD) shows a slight bullish crossover, with the MACD line crossing and the signal line crossing above the zero line. This movement suggests potential upward momentum in the coming days.

Additionally, the Relative Strength Index (RSI) is currently at 57, above the midpoint of 50. This indicates that the asset is neither overbought nor oversold; there is room for more surges ahead.

The Average Directional Index (ADX), standing at 50.27, indicates a strong trend in JasmyCoin’s price movement. The Awesome Oscillator (AO) shows a reading of 0.00539, reflecting some increase in market momentum that could impact future price movements.

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Peter Mwenda

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