$JASMY Price Action:
• Price is trading at 0.02553 and appears to have made a correction after the previous bullish move.
• The recent candles are green and show that buyers are active in the market.
Moving Averages (MA):
• MA(5): Indicates the short-term direction of the price. The price is currently above the MA(5), which supports a short-term uptrend.
• MA(10): The slightly longer-term direction of the price. The price is crossing the MA(10), which may indicate a balanced market.
RSI (Relative Strength Index):
• RSI values are above 50 (around 52-56), which indicates that the price is moving from neutral to slightly bullish and is not in overbought or oversold areas.
MACD:
• The MACD line is just above the zero line and is slightly bullish. This may indicate that momentum is picking up.
OBV (On-Balance Volume):
• The OBV value is high and shows a stable volume increase, which may support the current price trend.
General Evaluation:
• Technical indicators are giving signals of recovery in the short term. However, it will be important whether it can rise above the resistance level of 0.02630.
It is critical for the price to stay above MA(5) and MA(10) so that the correction movement does not deepen.
This analysis is based on short-term indicators and it is recommended to support it with other fundamental analyses.