JasmyCoin, a cryptocurrency project from a Tokyo-based Internet of Things (IoT) platform, is showing promising signs of strength. Crypto analyst Tony shared an X post noting that JASMY is performing well above the 0.017c mark. He suggested that the cryptocurrency could see significant gains if it maintains this support level.
The analyst highlighted that maintaining a position above this threshold is crucial for JasmyCoin’s potential upward trajectory. The market’s response to this level could dictate future movements, potentially leading to a strong rally.
In addition, analyst Captain Faibik noted a 25% surge in $JASMY, a notable increase that suggests a successful pennant breakout could double its value. The analyst pointed out the potential for further growth. A successful pennant breakout could lead to a significant increase, potentially doubling its value.
JasmyCoin has seen a significant price surge over the past 24 hours after a bullish breakout. The altcoin is currently hovering above the $0.028 level at $0.02836, marking a 25% increase in its market value. This uptick has propelled its market cap to $1.39 billion, securing its position at 71 in the rankings.
Analysts Highlight SUI’s Key Entry Point and JasmyCoin’s Breakout PotentialThe trading volume for JasmyCoin also witnessed a remarkable rise, with a 779.30% increase over the last day, reaching $417.19 million. This surge in trading activity suggests heightened investor interest and confidence in the cryptocurrency.
Currently, the circulating supply of JasmyCoin is 49.3 billion JASMY, with a total supply of 50 billion. Throughout the past day, JasmyCoin’s price movement has shown a steady upward trajectory, reaching a peak of $0.02874 before stabilizing slightly above the current mark. This sustained growth reflects positive market sentiment and robust trading volumes.
The Jasmy price has increased significantly by over 39% in the past week, demonstrating a clear bullish trend. Furthermore, the altcoin has surged by 56% in the past month, rallying from levels around $0.015 to over $0.028.
This recent performance highlights growing investor interest and market confidence in Jasmy, indicating a strong upward momentum.
The 24-hour technical indicators for JasmyCoin suggest a notable bullish momentum. The Moving Average Convergence Divergence (MACD) indicates a bullish trend. The MACD line is above the signal line, which is a positive indicator.
The histogram shows increasing green bars, suggesting growing buying pressure. Moreover, the Relative Strength Index (RSI) currently stands at 77.57, which places it in the overbought territory.
