Jasmy Coin Price Can Surge By 170% But There’s A Catch

Summary:
• JASMY coin price is trading 2.3% lower than yesterday.
• The price closed February in the green despite a major correction at the month end.
• Our Jasmy crypto forecast shows that the price can still go up 170% from its current level.

Our Jasmy coin price prediction suggests that the price can see a strong rebound from current levels. On Thursday, crypto markets turned red once again as the Bitcoin and Ethereum prices tumbled. At press time, BTC is trading 1% lower than yesterday, and Ethereum is down 1.33%. JASMY/USD has also lost 2.3% since yesterday after bouncing off the 200-day MA.

Most cryptocurrencies closed February well below their monthly highs. The reason was a lot of bearish macroeconomic developments. Both CPI and PCE inflation numbers made analysts expect many more rate hikes in the current year.

JASMY Coin News

As per the latest JASMY coin news, the project has been listed on NOWNodes. This will lows developers to integrate with the Jasmy ecosystem by leveraging API key and Eth nodes. Nevertheless, the project still lags in development when compared to top blockchain projects.

Jasmy has emerged as a Japanese-influenced cryptocurrency which is one of the strongest crypto communities in Japan. The price of the coin has shown massive volatility spikes in the past. The low Jasmy coin price has made it very popular among new crypto investors who like to gather as many coins as they can.

Jasmy Coin Price Prediction

The JASMY/USD chart has shown a great recovery since its December lows. The pair is trading 116% higher in just 2 months. Nevertheless, the price has still failed to reclaim a key level that has been indicated on the chart. This is the $0.0083 level which has previously acted as a support and has now become a resistance.

Jasmy coin price prediction will become very bullish if the price breaks out above this key resistance level. Even just a rate of this level from the current price will mean a 40% price increase. However, a clear breakout will mean a much bigger move which can send the price to $0.016 level.

This will be a 170% increase form the current price of JASMY crypto. At the moment, the price is getting support from the 200-day moving average. A daily closure below 200-day MA will invalidate our bullish forecast.