WLD eyes a 14.50% rise, pushing its price to $2.16, with further gains expected.
JASMY rises 11%, bolstered by a partnership with Now Payments, signaling a potential bull run.
Both tokens maintain positive trends above their 20-day MA’s, indicating bullish momentum.
Leading altcoins Worldcoin (WLD) and JasmyCoin (JASMY) are showing promising signs of reaching new peaks, fueled by Bitcoin’s climb above $62,000 and a wave of optimism sweeping the crypto market.
Source: CoinMarketCap
Moreover, the upswing has impacted the global crypto market cap, which has gained 0.23% in a single day to $2.31 trillion. With such bullish movements, investors are eyeing these altcoins with renewed optimism.
WLD Eyes $3.60 Breakout After 14.82% Increase
Worldcoin (WLD) has been one of the top gainers in the crypto market. With an opening price of $1.9365, WLD has seen a 14.82% increase in the last 24 hours, positioning its price at $2.18 at press time. The asset has hovered within a 24-hour price range of $1.88, acting as its support, and $2.38, acting as its resistance.
Source: CoinMarketCap
This uptick has seen WLD’s market cap surge 15.52% to $601,575,881, while its trading volume has gained 200.34% to $337,224,428. This indicates heightened trading activity and increased investor interest in WLD.
Moreover, the RSI index, currently at 43.27, supports the growing market optimism in the WLD token. It indicates that WLD is not yet in overbought territory, leaving room for potential further gains.
Source: TradingView
A move into the overbought region could propel WLD’s price to break above $3.60, shifting the bearish sentiment to bullish momentum, as seen in the monthly chart. A further push toward the $5.74 mark along the 61.8% Fibonacci level is possible should a breakout above $3.60 occur. This would mark over a 160% increase from its current price.
Meanwhile, the WLD token is trading closely above the 20-day moving average, indicating short-term bullish momentum. If the price continues to stay above this moving average, it could signal a sustained uptrend for the WLD token. Conversely, a dip below this level might reset WLD’s support to $1.74 before another upward movement.
JASMY’s 11% Surge Signals Upcoming Breakout
JasmyCoin (JASMY) has also captured the market’s attention with an impressive 11% price increase, currently trading at $0.02959. This uptick follows Jasmy’s partnership with NowPayments, which enables businesses in Japan to accept payments in JASMY, bolstering its use case and market penetration.
Source: CoinMarketCap
This positive price action is further supported by JASMY’s technical indicators, suggesting the coin may be gearing up for another bull run. For instance, the RSI index is currently at 54.71, above the neutral line, and has yet to reach the overbought region, indicating short-term bullish momentum.
Source: TradingView
Historically, when the RSI reaches the overbought region, JASMY tends to achieve new highs. If this region is reached, a breakout above $0.04500 is possible, with the potential to form a new high.
Additionally, the 20-day moving average is currently below JASMY’s price, indicating a positive trend. As long as the price remains above this moving average, it supports the potential for a bullish breakout. If negative sentiment arises, the moving average could act as short-term support for JASMY.
The post WLD and JASMY Breakout Potential: Technical Analysis and Market Insights appeared first on Coin Edition.
