As mentioned in our last JASMY coin price prediction, the coin has again bounced off its $0.008 support. JASMY crypto bulls stepped in at the right time to save the day as the price was headed for fresh lows. Consequently, the JASMY coin price surged by more than 10% and now trading at $0.0088.
On Wednesday, the announcement of 75 basis points rate hike was taken well by the markets. The whole crypto market turned into green just moments after the news. Bitcoin price surged to $23,000, and a similar price action was shown by the smaller altcoins like JASMY.
The JASMY coin price prediction is still bearish due to its failure to break above $0.01 region. Despite all the hype on social media, the price has failed to meet the expectations of Gen Z investors. At the time of writing, the coin is trading 99.8% below its all-time high of $4.79 and sitting at 425th rank on Coingecko.
According to JASMY coin news, the coin is available now on WhiteBit, one of the largest crypto exchanges in Europe. WhiteBit users can now deposit their JASMY and trade seamlessly on the platform.
Technical analysis of the JASMY crypto price chart shows that the cryptocurrency has been severely downtrend since November 2021. This was also the same time the coin was listed on the top crypto exchange Binance. This suggests that many whales took the listing as an opportunity to get rid of their bags.
JASMY appears to be in a bearish accumulation with strong support at $0.008. If this support gets broken, then things might turn ugly for the bulls. Nevertheless, the coin has broken out of the downtrend on a 4H timeframe, which means that the coin might retest the $0.01 resistance again. A reclaim of this resistance would flip the JASMY coin price prediction bullish with the first target of $0.014.
This post was last modified on %s = human-readable time difference 07:08