Not much has changed since our previous JASMY coin price prediction. The price is still trading sideways despite a low momentum breakout of the downwards trendline. This breakout has failed to gain any momentum as the price has failed to make a higher high. Nevertheless, JASMY crypto is still trading above its diagonal support line which can be considered the line in the sand.
Most cryptocurrencies ran into their lower time frame resistances as the Bitcoin price failed to break above $21,700. On Wednesday’s trading session, Bitcoin price plummeted below $20,000 once again. At the time of writing, Bitcoin is trading at $19,941 and most of the altcoins are following this bearish price action. JASMY coin price is currently trading at $0.009, which is 99.8% below its February 2021 ATH of $4.79.
According to JASMY coin news, the coin is now listed on PEXPAY. JASMY holders may now trade peer-to-peer in a secure and fast way. The project has also updated its 2022 roadmap in a recent medium article. This roadmap is based on the latest strategy and assures the users that the team would keep building in the bear market.
Technical analysis of the JASMY price chart exhibits a very bearish price action. The coin has faced a massive sell-off since getting rejected from the $0.05 level in March 2022. A slump in the Bitcoin price appears to have added to the bearish price action. Therefore, any JASMY coin price prediction depends mainly on a recovery in Bitcoin price.
After tagging the lows of $17,600, Bitcoin price bounced to the $21,700 level. Many altcoins also went on the relief rally with this bounce. However, JASMY price couldn’t gain much upside and the price kept on trading sideways. To flip the bearish outlook, the JASMY coin needs to reclaim the $0.018 level soon or the thing could turn ugly. A daily close below the diagonal support might trigger another bearish leg.
This post was last modified on %s = human-readable time difference 13:07