JasmyCoin (JASMY) Upside Movement Looks Healthy

JasmyCoin has registered a price increase of 12.02%. This move is significant and has kept the token trading above key technical levels. Let’s examine how traders might approach this market at this point.

JASMY Statistics

Current Price: $0.00817

Market Capitalization: $432.47M

Circulating Supply: 49.44B

Total Supply: 50B

CoinMarketCap Rank: 208

Key Levels

Resistance: $0.00900, $0.00950, $0.01000

Support: $0.00800, $0.00700, $0.00600

JASMY Upside Stays Northward

The ongoing session on the JASMY/USDT daily chart remains bullish and healthy as of the time of writing. The latest price candle on the chart appears larger than previous ones and is positioned above the 9-day Exponential Moving Average (EMA) line.

While this suggests growing bullish momentum, the Stochastic Relative Strength Index (SRSI) lines have reached the 100 level and are now moving sideways. As a result, a short-term pullback may occur, and traders should be prepared for this possibility.

JasmyCoin Bulls Stay Resilient

On the 4-hour chart, price action continues to trend northward. However, the most recent candle shows some compression toward the $0.00800 price level. Despite this, price action remains at a notable distance above the 9-day EMA curve.

JasmyCoin Stays Resilient (Continued)

The SRSI indicator lines remain elevated in the overbought region. Unlike the daily chart, however, these lines have not yet merged or flattened at the 100 level. Nevertheless, given the sustained overbought conditions, traders may anticipate a pullback toward the $0.00800 or $0.00750 levels before a potential continuation toward the $0.00900 and $0.00950 resistance levels.

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