JasmyCoin Shows Signs of Bullish Reversal with Potential for 42% Price Increase

JasmyCoin (JASMY) is showing promising signs of a bullish reversal, as analyzed by Javon Marks. According to Marks, cryptocurrency has maintained all recent signals for a potential surge back into the $0.04 range and higher. These signals, including the already-confirmed hidden bull, bullish divergence, and higher lows, indicate a potential upward move of over 42% from the current levels. This analysis suggests that JasmyCoin may be in the early stages of a significant price increase.

JasmyCoin’s price chart reveals several important indicators. The chart features a candlestick pattern that shows the cryptocurrency’s price movement. Notably, there is a bearish divergence where the price makes higher highs while the RSI makes lower highs, signaling weakening momentum. However, the more critical signal is the bullish divergence. Here, the price makes lower lows while the RSI forms higher lows, indicating a buildup in bullish momentum. This divergence is supported by an upward projection, suggesting a potential future price increase.

The RSI indicator, plotted below the price chart, helps identify overbought or oversold conditions. In this case, the RSI shows a bullish divergence, with higher lows forming as the price makes lower lows. This indicates a potential reversal from a downtrend to an uptrend. The volume trends further support this analysis. 

One-day chart shows that JasmyCoin had a recent high of $0.0379 and a low of $0.03005. There has been a noticeable uptrend starting in late March, peaking in mid-June, followed by a consolidation phase. The volume bars show increased activity during the uptrend, particularly in April and May, with a significant spike correlating with the price increase. The latest volume of $100,966,459 indicates moderate trading activity.

The Awesome Oscillator (AO) provides additional insight into JasmyCoin’s market momentum. Currently, the AO shows a value of -0.00310, suggesting bearish momentum or a slowdown in the bullish trend. During the price increase, the AO indicated a positive trend, peaking in late May. The subsequent decrease in AO value corresponds with the consolidation phase observed in the price chart. This current negative value suggests that while there is a slowdown, the overall signals still support a potential bullish reversal.