Date: Thu, Sept 12, 2024, 10:54 AM GMT
The cryptocurrency market is riding high today, with Bitcoin (BTC) leading the charge, up 2.53% in the past 24 hours. BTC is now hovering around $58,000, eyeing a potential return to the $60,000 mark. This bullish momentum is also lifting several altcoins, including Jasmycoin (JASMY), which has gained 3.15% today with the price of $0.2006 and boasts a market cap of $984 million.
Bullish Signals for Jasmycoin (JASMY)
According to crypto analyst @Steph_iscrypto, Jasmycoin is showing promising signs. The analyst notes that $JASMY price is breaking out of a downward trend on the daily Relative Strength Index (RSI), suggesting a significant upward move could be on the horizon.
Source: S@teph_iscrypto
The analysis highlights a "falling wedge" pattern, a bullish signal. If JASMY closes a daily candle above 0.236 cents, this breakout could be confirmed. The analyst sets short-term targets of 0.38 cents and potentially 0.5 cents, based on the falling wedge pattern. Key resistance levels are marked using Fibonacci retracement, with the 0.236 cent level being the immediate obstacle to watch.
In summary, with JASMY breaking key technical levels, investors may want to keep a close eye on this altcoin as it could be on the verge of a significant upward move.
Checkout Pendle and Ondo coins analysis on : coinsprobe.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered financial advice.
#Jasmycoin #JASMY
