Jasmycoin (JASMY):

Amid uncertainty in the crypto market, the Jasmy price has constantly formed lower highs since June. Moreover, it has lost over 20% within the past month. This indicates a rising bearish influence. With a YTD return of +173.26%, investors consider this to be a safe exit for their investments.

The technical indicator RSI has continued displaying a constant flatline in the 1D time frame. Further, its average trendline records an increase in the bearish action. This suggests a weak buying pressure for the altcoin in the market.

If the bears continue to dominate the market, the Jasmycoin might plunge toward its lower support level of $0.01150. This suggests a potential drop of approximately 37% for this altcoin. Notably, a bullish surge could push the price toward its high of $0.02450. $JASMY