"JasmyCoin is soaring, can it break $1 in 2024?"
JasmyCoin (JASMY) has performed strongly recently, with a sharp increase in price and trading volume. Can it break $1 in 2024?
Recent performance
- **Price**: Currently $0.03158, up 24.66% in 24 hours, 48.21% in a week, and 76.5% in a month.
- Trading volume: up 347.88% in 24 hours, with a market value of $1.55 billion, ranking 62nd.
Driving factors
1. AI incubation project (JANCTION AI): increase market interest.
2. Ban announcement: reduce supply and push up prices.
3. Apple cooperation rumors: trigger market frenzy.
4. Overall market rally: affected by the rise of Bitcoin and Ethereum
Technical analysis
- **EMA and SMA**: show strong buy signals.
- **RSI**: 77.24, may be overbought, but the upward momentum is strong.
- **MACD**: Strong buy signal.
**Support**: $0.00986, $0.01361, $0.01593
**Resistance**: $0.02344, $0.02576, $0.02952
**Market sentiment**
The rumors of Apple cooperation have greatly boosted market sentiment.
**Challenges and risks**
1. **Market volatility**: High uncertainty in the crypto market.
2. **Regulatory risk**: Unfavorable news may hit confidence.
3. **Speculative risk**: If the rumors are falsified, the price may fall back.
**Conclusion**
JasmyCoin has the potential to break through $1 in 2024, but it needs to remain optimistic and cautious. Pay attention to market dynamics and technical indicators and invest cautiously.
