JasmyCoin defies broader crypto market as price surges 12%

2024-6-24 14:23

JasmyCoin surges 12% as price defies broader crypto market JASMY could flip to $0.04 if bulls hold above key support level

JasmyCoin (JASMY), the native token of a Japan-based cryptocurrency project for decentralized data, has witnessed a significant price increase as most top altcoins mirror Bitcoin’s consolidation in the past month.

On June 23, JASMY price was up 12% – more than any other token in the top 100 by market cap.

As BTC and ETH hovered around the $64k and $3.5k price levels respectively, JasmyCoin was trading above $0.033, seeing a notable surge in daily volume and one of the top trending crypto tokens in the market.

JASMY price – what happened?

While JasmyCoin remains nearly 7% down in the past week, the past 24-hour gains have helped stem recent rot that saw JASMY fall to around $0.027.

The declines had accelerated once JASMY retreated from above $0.044 in early June, with a breakdown to $0.030 coinciding with Bitcoin’s sharp descent this month. As the crypto market struggled with sell-off pressure amid macroeconomic events and miner selling, JASMY broke below a technical support area to reach lows of $0.027 on June 21.

Today’s upside is a continuation of the bullish flip over the past two days.

According to CoinGecko data, this cryptocurrency has recorded a decent 24% uptick in 24-hour trading volume, currently at over $200 million. On the previous day, volume reached $176 million as price moved from near $0.029 to $0.032.

Read more: Jasmy unveils major partnership with Panasonic

JasmyCoin chart

The technical picture for JasmyCoin suggests a slightly upper hand for bulls.

As shown above, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) on the 4-hour chart both offer this advantage. The chart also shows JASMY is nicely poised despite the retreat from the resistance line of the Bollinger Bands.

The daily chart however shows RSI and MACD slightly favouring bears.

In this case, buyers must hold price above the psychologically important $0.030 level to prevent a bearish flip. On the upside, JASMY coin’s major hurdle could be around $0.38-$0.040.

The post JasmyCoin defies broader crypto market as price surges 12% appeared first on CoinJournal.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ETH/LINK Price Action Candlestick Set (LINKETHPA) на Currencies.ru

$ 467.1 (+0.48%)
Объем 24H $0
Изменеия 24h: 0.85 %, 7d: 17.53 %
Cегодня L: $453.49 - H: $467.1
Капитализация $0 Rank 3676
Доступно / Всего 0 LINKETHPA

price jasmycoin surges jasmy broader market defies

Источник: coinjournal.net

price jasmycoin → Результатов: 25


Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Bitcoin Whales Remain Determined, $3.96 Billion Worth Of BTC Gobbled Up In 96 Hours

All eyes are on Bitcoin, especially as many traders continue to anticipate a break above the $100,000 mark. This anticipation has cascaded into a spike in activity, especially among Bitcoin whales. Interestingly, Bitcoin whales are making bold statements amidst the anticipation, with on-chain data pointing to an accumulation of over 40,000 BTC in just 96 […]

VanEck maintains $180,000 Bitcoin target as bull market gains steam

VanEck’s latest Bitcoin (BTC) report reaffirmed its cycle price target of $180,000, citing strong bullish indicators that align with the current market rally. The asset manager highlighted key metrics, including funding rates, Relative Unrealized Profit (RUP), and retail interest trends, as signals that the bull market is still in its early stages.