JASMY/USDT Holds Above 200 SMA, Eyes Resistance at 0.02300
$JASMY

Moving Averages

200-period SMA (4-hour Chart): The current price is slightly above the 200 SMA at approximately 0.01926, indicating a potential bullish momentum. Staying above this moving average might suggest continued upward movement, provided it holds as support.

Relative Strength Index (RSI)

Current RSI: Around 59.61, which is near the upper midline, indicating a neutral to slightly bullish sentiment. This RSI level suggests potential for further upward movement if buying interest remains strong.

Moving Average Convergence Divergence (MACD)

MACD Line: 0.00010Signal Line: -0.00001Histogram: Slightly positive, around 0.00012, indicating mild bullish momentum. The MACD line crossing above the signal line may suggest the beginning of a short-term uptrend, with the histogram showing early bullish pressure.

Support and Resistance Levels

Immediate Resistance: Approximately 0.02300, as observed in the second chart where the price has previously faced selling pressure. A breakout above this level with strong volume could confirm bullish strength.

Local Support: Around 0.02000, identified as a strong support area in the second chart. A move below this level, especially with strong volume, could indicate further downside.

Bullish/Bearish Scenarios

Bullish Scenario:

Break Above 0.02300 Resistance: If the price surpasses this level with strong volume, it may signal a continuation of the bullish trend.