JasmyCoin is steadily recovering from its latest brutal price dips.
Crypto analyst and JASMY enthusiast shares latest price insights.
The technical analysis shows that JASMY price will continue to shoot up.
As the crypto market sways with the activity of the bulls and bears, it looks like some altcoins are on a bullish trajectory once again. Despite the repeated dips in the crypto market over this month, many altcoins are beginning to surge once more.
To highlight, the popular altcoin JasmyCoin (JASMY) seems to be on a bullish upward trajectory. Over the last 24 hours, the price of JASMY has soared by 3% printing green and bullish signals across the charts.
To support the hypothesis that the JASMY price will continue to spike, crypto analyst and JASMY enthusiast Steph is Crypto shares his latest video expressing his thoughts on the matter. This video drops an insightful technical analysis for the altcoin.
Specifically, Steph begins by sharing the 4-day hourly time frame chart and draws light to the fact that JASMY is painting a familiar price pattern. He has mentioned before that a bullish divergence is coming for JASMY based on the RSI on the time frame as he observed last week. Thus, he believes a new ATH this cycle is inevitable for JAMSY.
#Jasmy’s pathway to a new all time high.Will you keep holding to the end? pic.twitter.com/GPRzgneVrM
— STEPH IS CRYPTO (@Steph_iscrypto) June 16, 2024
Furthermore, he has been expecting the bullish end of the cup and handle pattern for the asset to finally make its debut. Despite these very bullish signals, he still expects the asset to dip a little bit more before shooting to the upward.
Steph notices that JASMY is at a price where it was earlier in the first week of June and is pleased to see that the asset is recovering steadily since the latest dips last week. He then mentions the same resistance bands that are still being tested.
Once these resistance levels are dealt with the JASMY price is set to shoot towards setting new local highs and much more. According to the founders of JASMY, JASMY price is set to reach $17 by 2026.
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The post JASMY Price Bullish Once Again as Green Signal Sends JASMY Price Back Towards the Upward Trend appeared first on Crypto News Land.
