JasmyCoin Price Prediction: Can JASMY Sink Below 50 Day EMA?
JasmyCoin price prediction shows that the crypto may rise to a high of $0.0285 id breaks above trendline resistance.
The JASMY price has dropped below 20 day EMA suggesting weakness over the daily chart.
The JasmyCoin price has made a breakdown below the 20 day exponential moving average and is extending losses towards the 50 day EMA on Tuesday. At the time of writing, the crypto was down nearly 6.21% and was trading close to 0.192 USD.
Earlier, the crypto maintained a positive trend outlook and continued to surge higher after registering a breakout in the third week of February. The price made its way to $0.0077 to $0.024 by the month end.
Thereafter, JasmyCoin price dropped from the highs in March however, to rebound from the dynamic support of 50 day EMA and surged higher. Currently, the recent swing high at $0.0247 has been acting as a supply whereas the 50 day EMA and $0.169 has been acting as a dynamic support. The crypto is stuck in the range and is consolidating in the range.
On the higher side, further breakout above the $0.024 may indicate a trend continuation and the crypto may show another rally. Whereas, for the sellers to dominate the $0.0169 level needs to be broken.
JasmyCoin Crypto Volume Analysis
<iframe title="Santiment Chart: Price (JASMY), Volume (JASMY)" width="1170" height="425" src="embed.santiment.net/chart?ps=jasmy&pt=JASMY&df=2023-10-02T18:29:59.854Z&dt=2024-04-02T18:29:59.854Z&sat=shchcfg_IM9TCIj9Km10&emcg=1&emhwm=1&wm=price_usd;volume_usd&wax=0;1&wc=#26C953;#7a8ed9&ws={"interval":"1d","node":"candle"};{"interval":"1d"}" scrolling="no"></iframe>
The volume analysis shows that JasmyCoin received nearly 85.698 Million USD in volume in the past 24 hours which is nearly 7.40% lower as compared to the previous day. The above chart suggests that the volume inflow jumped much higher in the third week of February rising from 101 Million USD to 656 Million USD by the month end. The JASMY price witnessed an upthrust of nearly 260% in the period.
However, the volume inflow has been continuously dropping since the very start of March 2024 and has dropped below 100 Million USD as per the most recent data. The live market capitalization of JASMY is 970.998 Million USD and ranks 100th in the overall market.
JasmyCoin Volatility and Sentiments Study.
<iframe title="Santiment Chart: Price Volatility 1d (JASMY), Weighted sentiment (Total) (JASMY)" width="1170" height="425" src="embed.santiment.net/chart?ps=jasmy&pt=JASMY&df=2023-10-02T18:29:59.854Z&dt=2024-04-02T18:29:59.854Z&sat=shchcfg_IM9TCIj9Km10&emcg=1&emhwm=1&wm=price_volatility_1d;sentiment_volume_consumed_total&wax=0;1&wc=#FF5B5B;#FFCB47&ws={"interval":"1d"};{"interval":"1d"}" scrolling="no"></iframe>
The volatility of JasmyCoin crypto surged higher in the Mid February after a breakout. However, the volatility has been cooling down since March 2024. The drop in volatility shows the price stabilizing at the lower levels.
The weighted sentiment data depicts the overall mood of the traders and investors on the buying or selling side. The overall weighted sentiment maintained a bullish view in February month. However, the sentiments dropped near the zero line in March 2024 and turned neutral to slightly bearish.
JasmyCoin Price Technical Outlook.
<iframe title="Santiment Chart: Price (JASMY), RSI 1d (JASMY)" width="1170" height="425" src="embed.santiment.net/chart?ps=jasmy&pt=JASMY&df=2023-10-02T18:29:59.854Z&dt=2024-04-02T18:29:59.854Z&sat=shchcfg_IM9TCIj9Km10&emcg=1&emhwm=1&wm=price_usd;rsi_1d&wax=0;1&wc=#26C953;#c59696&ws={"interval":"1d","node":"candle"};{"interval":"1d","__appliedInterval":true,"node":"area"}" scrolling="no"></iframe>
From a technical point of view, the price has dropped below the 20 day EMA indicating the weakening of the short term trend. However, the crypto hovers above the 50 and 200 day EMA suggesting a positive trend prevailing in the long term.
At the time of writing, the RSLI line was placed below the 48.25 points and that of the SMA line was placed at 56.75 points. The RSI line has stepped below the 50 day EMA suggesting a weakness in the short term.
JasmyCoin Price Prediction April 2024
The JasmyCoin price prediction for April 2024 shows that the crypto may advance to a high of $0.0285 if bulls are able to surpass the hurdle of $0.0247 on the higher side. Whereas, the less optimistic analysts estimate a price target of $0.124 on the lower side after the breakdown below $0.0169.
Conclusion.
The JasmyCoin price is extending the losses on the second consecutive session and has dropped below the 20 day exponential moving average. The short term trend outlook has weakened after the breakdown. Earlier, the price maintained a bullish outlook in the previous month and kept rising higher taking multiple support from 20 day EMA.
Moreover, the 50 day EMA may turn out to be a crucial zone. Any sustained move below the 50 day EMA may validate a continuation in the price correction. While if the bears fail to break below the 50 day EMA and the price reverses, it may again reclaim higher swings.
Technical levels:
Support levels: $0.0169 and $0.0124
Resistance levels: $0.0247 and $0.0285
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
The JASMY price has dropped below 20 day EMA suggesting weakness over the daily chart.
The JasmyCoin price has made a breakdown below the 20 day exponential moving average and is extending losses towards the 50 day EMA on Tuesday. At the time of writing, the crypto was down nearly 6.21% and was trading close to 0.192 USD.
Earlier, the crypto maintained a positive trend outlook and continued to surge higher after registering a breakout in the third week of February. The price made its way to $0.0077 to $0.024 by the month end.
Thereafter, JasmyCoin price dropped from the highs in March however, to rebound from the dynamic support of 50 day EMA and surged higher. Currently, the recent swing high at $0.0247 has been acting as a supply whereas the 50 day EMA and $0.169 has been acting as a dynamic support. The crypto is stuck in the range and is consolidating in the range.
On the higher side, further breakout above the $0.024 may indicate a trend continuation and the crypto may show another rally. Whereas, for the sellers to dominate the $0.0169 level needs to be broken.
JasmyCoin Crypto Volume Analysis
<iframe title="Santiment Chart: Price (JASMY), Volume (JASMY)" width="1170" height="425" src="embed.santiment.net/chart?ps=jasmy&pt=JASMY&df=2023-10-02T18:29:59.854Z&dt=2024-04-02T18:29:59.854Z&sat=shchcfg_IM9TCIj9Km10&emcg=1&emhwm=1&wm=price_usd;volume_usd&wax=0;1&wc=#26C953;#7a8ed9&ws={"interval":"1d","node":"candle"};{"interval":"1d"}" scrolling="no"></iframe>
The volume analysis shows that JasmyCoin received nearly 85.698 Million USD in volume in the past 24 hours which is nearly 7.40% lower as compared to the previous day. The above chart suggests that the volume inflow jumped much higher in the third week of February rising from 101 Million USD to 656 Million USD by the month end. The JASMY price witnessed an upthrust of nearly 260% in the period.
However, the volume inflow has been continuously dropping since the very start of March 2024 and has dropped below 100 Million USD as per the most recent data. The live market capitalization of JASMY is 970.998 Million USD and ranks 100th in the overall market.
JasmyCoin Volatility and Sentiments Study.
<iframe title="Santiment Chart: Price Volatility 1d (JASMY), Weighted sentiment (Total) (JASMY)" width="1170" height="425" src="embed.santiment.net/chart?ps=jasmy&pt=JASMY&df=2023-10-02T18:29:59.854Z&dt=2024-04-02T18:29:59.854Z&sat=shchcfg_IM9TCIj9Km10&emcg=1&emhwm=1&wm=price_volatility_1d;sentiment_volume_consumed_total&wax=0;1&wc=#FF5B5B;#FFCB47&ws={"interval":"1d"};{"interval":"1d"}" scrolling="no"></iframe>
The volatility of JasmyCoin crypto surged higher in the Mid February after a breakout. However, the volatility has been cooling down since March 2024. The drop in volatility shows the price stabilizing at the lower levels.
The weighted sentiment data depicts the overall mood of the traders and investors on the buying or selling side. The overall weighted sentiment maintained a bullish view in February month. However, the sentiments dropped near the zero line in March 2024 and turned neutral to slightly bearish.
JasmyCoin Price Technical Outlook.
<iframe title="Santiment Chart: Price (JASMY), RSI 1d (JASMY)" width="1170" height="425" src="embed.santiment.net/chart?ps=jasmy&pt=JASMY&df=2023-10-02T18:29:59.854Z&dt=2024-04-02T18:29:59.854Z&sat=shchcfg_IM9TCIj9Km10&emcg=1&emhwm=1&wm=price_usd;rsi_1d&wax=0;1&wc=#26C953;#c59696&ws={"interval":"1d","node":"candle"};{"interval":"1d","__appliedInterval":true,"node":"area"}" scrolling="no"></iframe>
From a technical point of view, the price has dropped below the 20 day EMA indicating the weakening of the short term trend. However, the crypto hovers above the 50 and 200 day EMA suggesting a positive trend prevailing in the long term.
At the time of writing, the RSLI line was placed below the 48.25 points and that of the SMA line was placed at 56.75 points. The RSI line has stepped below the 50 day EMA suggesting a weakness in the short term.
JasmyCoin Price Prediction April 2024
The JasmyCoin price prediction for April 2024 shows that the crypto may advance to a high of $0.0285 if bulls are able to surpass the hurdle of $0.0247 on the higher side. Whereas, the less optimistic analysts estimate a price target of $0.124 on the lower side after the breakdown below $0.0169.
Conclusion.
The JasmyCoin price is extending the losses on the second consecutive session and has dropped below the 20 day exponential moving average. The short term trend outlook has weakened after the breakdown. Earlier, the price maintained a bullish outlook in the previous month and kept rising higher taking multiple support from 20 day EMA.
Moreover, the 50 day EMA may turn out to be a crucial zone. Any sustained move below the 50 day EMA may validate a continuation in the price correction. While if the bears fail to break below the 50 day EMA and the price reverses, it may again reclaim higher swings.
Technical levels:
Support levels: $0.0169 and $0.0124
Resistance levels: $0.0247 and $0.0285
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.
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