JASMY coin price is having a great week as it has hit fresh monthly highs. The coin is 12.5% up this week after breaking out of the downtrend. This means that JASMY crypto has outperformed major altcoins during this time. Our analysis shows that the recent breakout can send the price much higher.
On Wednesday, crypto markets turned green as Bitcoin broke above $28,500. Ethereum also showed a positive price action and surged above $1900 to its highest level of the year. JASMY crypto outperformed both BTC and ETH as its price was up 4.64%. Till press time, the coin was trading at $0.0053 after a slight pullback.
To accelerate the development of its ecosystem and encourage new projects, JASMY Grant has shortlisted six projects. The community can vote for their favorite project on the website. In other JASMY coin news, the team is going to have an AMA on Crypto VIP Signal Telegram tonight. Participants with the top 5 questions will be rewarded $500 during the event.
Despite having a vibrant community, the JASMY coin price has not lived up to the hype. The price is currently 99.89% down from its 2021 all-time high. According to coinmarketcap, it is still ranked in the top 200 cryptocurrencies and has a market cap of $253 million.
On its daily chart, JASMY crypto has broken out of the falling wedge pattern. This is a very bullish pattern which usually results in an upside move targeting the top of the wedge. Currently, the top of the wedge lies at the $0.008 level, which is also a huge resistance. The price has been rejected from this level many times.
The $0.008 JASMY coin price prediction can become a reality if the price reclaims $0.0058 in the coming days. This will be a more than 55% price increase from its current level. The invalidation of this prediction will be a daily closure below $0.0047.
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This post was last modified on Apr 05, 2023, 09:17 BST 09:17