JASMY/USDT Price Action Prepares to Resurface Above the $0.04000 Price Level
Login

JASMY/USDT Price Action Prepares to Resurface Above the $0.04000 Price Level

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more



Price action in the JASMY/USDT daily market has been hovering around the price resistance level of $0.04000. However, downward forces have been able to restrain the market from progressing considerably past this mark. Nevertheless, technical indicators are still favoring bullish opinions in this market.

Jasmy Statistics:
Current Jasmy Value: $0.03972
JASMY Market Cap: $1,949,552,366
JASMY Circulating Supply: 49,299,999,677
Jasmy Total Supply: 50,000,000,000
Jasmy CoinMarketCap Rank: 52

Key Price Levels:
Resistance: $0.04250, $0.04500, and $0.05000
Support: $0.03700, $0.03500, and $0.03000

JASMY/USDT Price Action Prepares to Resurface Above the <img fetchpriority=.04000 Price Level" width="580" height="308" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/06/JASMYUSDT_2024-06-10_06-37-33_064156-1024x543.png"/> Market Forces Are Locking Horns in the JASMY/USDT Daily Market

Price movement in the daily JASMY/USDT market retreated below the $0.04000 mark in the past two sessions. However, the token recorded a moderate recovery in the previous session, while today’s trading so far has continued the trend. Be that as it may, we can see that the current session is under tension, as indicated by the corresponding price candle.

The body of the mentioned price candle is centrally positioned, while the upper and lower shadows are almost equal in length. Nevertheless, upside hopes are still viable, as price action stands above all the Exponential Moving Average (EMA) lines. The Moving Average Convergence Divergence (MACD) lines are still above the equilibrium level, with the more recent part of their lines now sideways.

JASMY/USDT Price Action Prepares to Resurface Above the <img decoding=.04000 Price Level" width="580" height="308" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/06/JASMYUSDT_2024-06-10_06-41-07_064154-1024x543.png"/> The JASMY/USDT Market Eyes Breaking Above a Technical Price Line

Coming to the Jasmy 4-hour market, it can be seen that price action maintains its bullish propensity. More recently, price action has rebounded off the $0.03770 price level. The market has kept on an upward trajectory since then, even though the momentum seems to have decreased. The last price candle on this price chart has popped through the 20-day EMA line.

Consequently, this maintains the fact that price action may extend the upside correction further upwards. Here, the MACD indicator lines are above the equilibrium level and are attempting to remain above it by delivering a bullish crossover. This will eventually strengthen the bullish traction, pushing the market further towards the $0.04250 level. Traders can still make use of crypto signals targeting that price level in this market.

Trade crypto coins on AvaTrade

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News