JASMY Mainnet Launch Sparks Bullish Momentum, Targeting $4.47842
- Mainnet Launch: The JasmyChain mainnet officially launched today, breaking multi-year resistance and signaling the market's readiness for a significant upward move, with a long-term price target of $4.47842 in sight.
- Technical Breakthrough: $JASMY has formed higher lows after breaking out of a downtrend, indicating market accumulation and increasing demand, which further solidifies the foundation for future price increases.
- Price Patterns: The recent breakout from a falling wedge pattern triggered a nearly 1,700% price increase; despite entering a correction phase, the constructive nature of this correction has laid the groundwork for the next upward move.
- Fundamental Support: The mainnet launch enhances the platform's credibility, drives broader adoption, and attracts more institutional interest, positioning $JASMY for significant price increases in conjunction with a strong technical structure.
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Technical Analysis for JASMY
Technical Sentiment Analysis for JasmyCoin (JASMY). As of , JasmyCoin (JASMY) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for JASMY stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, JASMY is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
JasmyCoin (JASMY) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0043 | 0.00481 | 0.00534 | 0.00585 | 0.00638 | 0.00689 | 0.00742 |
| Fibonacci | 0.00481 | 0.0052 | 0.00545 | 0.00585 | 0.00624 | 0.00649 | 0.00689 |
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