Jasmy coin price has dropped by more than 10 per cent in today’s trading session. The drop is a continuation of weeks of bearish move that started on March 19, 2022, that has seen the coin lose 55 per cent of its value.
In the last 24 hours, Jasmy Coin has had mixed market reactions. Although the cryptocurrency has lost over 10 per cent during that time, its trading volume has increased by over 10 per cent. In most cases, this would have seen the prices of the cryptocurrency becoming bullish, but other factors may be resulting in the recent drop in the price of the cryptocurrency.
One of these factors impacting the current drop of the cryptocurrency is a months-long bearish trend that started late last year on November 25, 2021. This long-term bearish trend has seen the cryptocurrency go from trading above $0.25 to the current price of $0.022. This is a drop of more than 90 per cent. Therefore, the short-term market gains have not been able to address the historical factors that have contributed to the drop in the price of the cryptocurrency.
In my last Jasmy Coin prediction, I predicted a likelihood of the prices continuing the bearish move for the long-term. I also indicated that it was possible that the prices would continue trading downwards until they hit the $0.010 support and psychological level.
Looking at the daily chart, not much has changed since I made the prediction. However, the chart also shows that the prices have continued going downwards since I predicted so. Today’s prices can also be seen to have lost over 2.5 per cent in the market in today’s trading session.
Therefore my Jasmy Coin price prediction is the prices are likely to continue falling until they hit the $0.01 support level. I also expect today’s prices to close below the opening prices, making today’s trading session the second consecutive day Jasmy coin is losing in the markets.
This post was last modified on %s = human-readable time difference 11:35