JasmyCoin Price Prediction for Today, December 6 – JASMY Technical Analysis
Release: 2024/12/07 05:14 Reading: 843
JasmyCoin Price Prediction: Potential for Correction and Continued Volatility
The JasmyCoin (JASMY) price has experienced a sharp surge and a subsequent correction, currently trading at $0.05086. Key statistics include:
- Current price: $0.050
- Market cap: $2.49 billion
- Circulating supply: 49.39 billion
- Total supply: 50 billion
- Coinmarketcap ranking: #60
Despite being significantly below its all-time high of $4.99, JASMY has surged by over 1785% from its all-time low. This highlights the potential for early investment in crypto projects.
JASMY/USD Market
Resistance Levels: $0.075, $0.080, $0.085
Support Levels: $0.035, $0.030, $0.025
JASMY has exhibited bullish momentum, demonstrating resilience amidst market fluctuations. The price has approached a critical resistance level previously established as both support and resistance.
JasmyCoin Price Prediction: Potential for Correction
JASMY has encountered resistance at $0.058 and is facing a sharp drop in buyer demand. However, the price remains above key support levels. A consolidation phase could provide stability for a potential upward move towards $0.060. If buyers can push the price above the channel, resistance could lie at $0.075, $0.080, and $0.085.
Conversely, a breakdown below $0.045 could signal a broader correction, with potential support at $0.055, $0.035, $0.030, and $0.025.
JASMY/BTC Outlook
JASMY/BTC has broken past its moving averages and surged towards the resistance level of 0.000007500. A retracement is currently underway. The market remains within a broader bullish trend, and a bounce from the 9-day moving average or the ascending channel boundary could indicate a continuation of the uptrend.
Bullish Insights from @TheLongInvest
@TheLongInvest has provided bullish insights on JASMY, citing key technical indicators and a higher high above Wave 1. They believe in the ongoing upside potential and have expressed confidence in the chart's performance.
JasmyCoin Alternatives
While JASMY shows promise, traders should be aware of its risks. The Wall Street Pepe ($WEPE) project is gaining attention in the meme coin space with innovative features. It is worth considering as an alternative investment opportunity.
Disclaimer
Remember to invest wisely and diversify your portfolio. While Wall Street Pepe Token has potential, early adoption is crucial for maximum gains. Act now to position yourself for future success.
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