JasmyCoin (JASMY) Could Pump Soon: Can It Reach ATH Mark?

• 1 JASMY price is on the verge to register a breakout ahead.
• 2 Bullish sentiments were replicated and investors are speculating about the coin.

The JasmyCoin (JASMY) crypto displays a bullish pennant pattern and the coin has sustained gains above its key EMAs. Additionally, the key metrics have turned green and anticipated a breakout.

For weeks, the JasmyCoin price held the gains amidst the broader crypto market correction. Still, the coin trades in the bullish trajectory and might trigger a breakout soon.

At press time, JASMY was trading at $0.02062 with an intraday drop of 2.89%, reflecting buyer accumulation in the last sessions. It has a monthly return ratio of -11.20% and 318.29% yearly, revealing a short term bullish trend.

The pair of JASMY/BTC is at 0.000000306 BTC, and the market cap is $98.20 Million. Analysts are neutral and suggest that the JASMY price might breach the $0.0220 mark and would rally gains ahead.

Price Action Hints Bullish Structure: What’s Next For JASMY?

The daily charts of the JasmyCoin highlights a bullish pennant formation and the breakout is on the cards. In addition, the crypto is poised for a sharp up move toward the 52 week high mark of $0.02500 soon.

Source: TradingView

This week, after the U.S CPI Data, most of the altcoins picked bullish momentum and revealed investor speculation.

Going forward, the trading volume significantly increased and surged over 19.02% to $75.53 Million in the last 24 hrs.

The RSI curve highlighted a positive crossover and reached the overbought zone. Similarly, the MACD indicator registered a bullish crossover and depicted green bars on the histogram.

Per the tweet, JASMY price has crossed the upper bollinger band region and is ready to pump 2x gains ahead.

Source: Twitter

Additionally, the majority of key metrics have suggested the upcoming bull run and might rally ahead.

Futures OI Data Reveal Sharp Surge

Followed the price increment, the investors have added significant long positions and highlighted the buying pressure.

Source: coinglass

The OI (open-interest data) revealed a sharp spike over 12.28% to $30.57 Million in the last 24 hrs.

The immediate support levels for the JasmyCoin (JASMY) is $0.01920 and $0.01850 whereas the key upside hurdle is around $0.02100, followed by $0.02200.

Conclusion

The JasmyCoin (JASMY) price has triggered bullish momentum and might stretch the up move in the following sessions. Moreover, the price action favours the buyers and highlights a sharp uptick can be seen soon.

Disclaimer

The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. 

Amanda Shinoy

Amanda Shinoy is one of the few women in the space invested knee-deep in crypto. An advocate for increasing the presence of women in crypto, she is known for her accurate technical analysis and price prediction of cryptocurrencies. Readers are often waiting for her opinion about the next rally. She is a finance expert with an MBA in finance. Quitting a corporate job at a leading financial institution, she now engages herself full-time into financial education for the general public.