JASMY Ready For A Bump

The Jasmycoin (JASMY) price stayed flat around the 20 day EMA support zone and is waiting for another bullish wave to extend the bullsh rally.The crypto broke out by over 100% and reached the supply zone of $0.04460. After the rally, investors booked their gains off the table triggering a price retracement over the last weeks.After the bullish flag pattern, the coin decisively gained on the primary support zone of $0.03000. Once JASMY crosses the prompt hurdle of $0.3300, buyers would gain traction, after which a follow-on rise could be seen. At press time, JASMY was trading at $0.3010 with an intraday surge of 1.02%, reflecting neutrality on the chart. It has a monthly return ratio of 29.20% and 609.20% yearly.The pair of JASMY/BTC is at 0.000000493 BTC, and the market cap is $143.11 Million. Analysts are neutral and suggest that the bullish wave may continue. After the notable breakout rally of over 100% last month, the coin has retraced over 25% and reached the 61.8% Fib level this month. Nevertheless, the coin looks strong.

Until the lower trendline support zone of $0.2300 is breached, the sentiments for the coin are likely to remain positive.

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