Current Price: JASMY/USDT is trading at $0.02463, with a decrease of 1.32%.200-Period Moving Average (MA): The price is well above the 200-period MA at $0.02013, indicating a bullish medium-term trend.VWAP (Volume Weighted Average Price): VWAP is at $0.02445, which suggests that there is solid volume supporting the current price action.
Key Indicators:RSI (Relative Strength Index):The RSI is at 67.29, close to the overbought territory. This could signal a potential short-term pullback if the price struggles to break through resistance levels.MACD (Moving Average Convergence Divergence):MACD Line: 0.00012Signal Line: 0.00054The MACD shows a bullish crossover, with the MACD line above the signal line, indicating positive momentum and suggesting the price may continue upward in the short term.
Resistance Levels:
Key Resistance: $0.02650 â a historical resistance level that could be tested if the current momentum continues.Secondary Resistance: $0.03000 â if the price breaks above the first resistance, this could be the next target.
Immediate Support: $0.02400 â a recent support level based on the VWAP, which may provide a cushion for the price.Further Support: $0.02200, a key support level near the 200-period MA, acting as a crucial threshold to maintain bullish momentum.
Bullish Scenario: If the price breaks above $0.02650, the next resistance level could be $0.03000.Bearish Scenario: If the price faces rejection, it could pull back to $0.02400 or even test the $0.02200 support level.
Disclaimer:
This analysis is for informational purposes only and should not be considered financial advice. Always perform your own research before making trading decisions.
#6thTrade #MarketSentimentToday U.S.PCIUp 0.1% BTCPredictedNewATH
