Jasmy Coin Price Prediction: Why Prices are Dropping

Summary:

Jasmy Coin prices have dropped for five consecutive days. Today's trading session is also showing an increase in volatility.

Jasmy Coin prices have dropped for five consecutive days. Today’s trading session is also showing an increased sign of volatility in the market, with the cryptocurrency still showing strong bearish signs.

However, the Jasmy Coin price drop is not reflective of its gain in traction. In the last 24 hours, Jasmy Coin worth $319 million has been traded. This is an increase of 36 per cent from the previous day, an indication that the users have increased despite the current market showing a strong bearish move.

One of the driving forces for the Jasmy crypto is its usability. At its core, Jasmy is used in buying and selling data. The company behind the project indicates its goal is to realize a data democracy by building a decentralized, democratic world where data is protected as inherently owned by each individual. This means that Jasmy is tapping into one of the most profitable industries, and the task of moving it to a decentralized status quo has increased the curiosity and interest of its investors.

Jasmy Coin Price Prediction

Since hitting its March highs on March 19, 2022, the Jasmy Coin price has fallen by 40 per cent. The prices also formed support and resistance levels of $0.0103 and $0.0489. Today, the price of Jasmy Coin is trading at $0.0294 after a session decline of two per cent.

Looking at the chart below, we can see William’s Alligator lines crisscrossing, signifying that the prices are likely reversing. We can also see the prices coming from the $0.489 resistance level and approaching the $0.0103 support level with momentum. This is an indication that the prices are currently on a bearish move.

The five-day consecutive decline in the cryptocurrency prices is also a clear indication that the prices may be in a bearish move. Therefore, my Jasmy Coin price prediction is that the prices will continue to drop until they hit the $0.0103 support level. This will be a 70 per cent drop from the current prices.