Jasmy Coin Price Prediction: JASMY Aims Breakout After Strong bounce

Summary:

The diagonal support line mentioned in our last Jasmy coin price prediction has played out as a demand zone once again.

The diagonal support line mentioned in our last Jasmy coin price prediction has played out as a demand zone once again. JASMY price bounced off the $0.008 level once again last week, suggesting that the bears might be losing momentum. Consequently, bulls could aim for a breakout from the downwards trendline to aim for further upside.

Most cryptocurrencies made fresh lows last week as the Bitcoin price slid below $20,000. As BTC’s price is finally back above $20,000, altcoins are enjoying a relief rally. JASMY crypto is 5.6% up today and almost 20% up from its last week’s low of $0.008. The coin is now trading at $0.010 which is just a tiny fraction of its Feb 2021 all-time high of $4.79. This translates into an eye-popping loss of 99.8% in a span of 16 months.

According to Jasmy coin news today, the Fan token special match is going to take place on 2^nd July. The event will take place at EKIMAE Real Estate Stadium where the first 9,500 visitors would receive commemorative uniforms. In other news, the JasmyCoin blockchain has surpassed 500,000 transactions which is a huge milestone for a new blockchain.

Jasmy Coin Price Prediction

Technical analysis of the JASMY price chart shows that the coin has bounced off the diagonal support once again. If the price doesn’t attempt a breakout, things could get really ugly for holders. It is also worth mentioning that any JASMY coin price prediction depends on the Bitcoin price action.

A Bitcoin daily close below $20,000 could trigger another bearish leg for JasmyCoin. Similarly, in case of a bullish Bitcoin price action, Jasmy bulls might target $0.16 in the near term. In the case of a successful breakout, the price target of $0.0237 also appears to be valid. This target perfectly aligns with the 0.382 Fib retracement level connecting the March 2022 high of $0.049 to the recent low of $0.008. This would be a whopping 130% move from the current price.