Our last week’s JASMY coin price prediction is playing out exactly as predicted. JASMY crypto is finally retesting the $0.011-$0.12 resistance. A clear breakout above resistance will likely trigger a massive bullish leg until the $0.015 level. The $0.012 price level has acted as a huge resistance as the price has faced multiple rejections from this level.
Most altcoins are having a pullback due to the rejection of BTC from the $25k level. Nevertheless, the JASMY coin is showing tremendous strength as it has been up 5.44% since yesterday. When writing, the JASMY coin price is trading at $0.011. However, the price is still trading 99.8% below its February 2021 all-time high.
On a higher timeframe, JASMY is still in a severe downtrend. The price needs to close a week above the $0.05 level to flip this bearish outlook to bullish. While the price is expected to remain in a prolonged bearish accumulation, there still might be a few decent bear market rallies with the potential to generate good returns.
According to JASMY coin news today, the project is jointly developing a cell structure system with Biomedica Solution leveraging web 3 technologies.
A look at the JASMY USD price chart clearly shows a breakout of the descending wedge. However, despite the breakout, the price has still faced huge resistance from the $0.012 level. The price has retested this resistance thrice but failed to break above it. Currently, the price is attempting a breakout once again, and due to previous attempts, the resistance appears to have weakened. Therefore, there is a strong probability that the price will reclaim the $0.012 level.
Reclaim of the $0.012 level might validate our JASMY coin price prediction of $0.015 very soon. This would be a 35% price increase from current levels. Another factor affecting the altcoin prices is the BTC price. Therefore, if BTC takes a nosedive, similar price action is expected from the JASMY coin.
This post was last modified on Aug 16, 2022, 12:42 BST 12:42