JASMY's price rise has awakened the altcoin crypto community as many altcoins have seen widespread price increases $NOT and many others have grown alongside JASMY.
$JASMY +70% within 8 days since I posted. Thank you for playing, I don't think it will stop here. It's just the beginning!!! https://t.co/UbgzJt5SjU pic.twitter.com/Jk88lKkJlC– Bitcoin Ezy (@EzyBitcoin) June 4, 2024Since the announcement of the partnership between Apple and JASMY, JASMY price has increased steadily by 20% in less than filled 24 hours to nearly 100% in about 10 days. This explosive price action has led many to believe that JASMY will have a smooth ride towards a price of $1. Despite JASMY's price surge, it appears the asset may have hit some challenging resistance levels. To highlight, one analyst in particular shares what he considers bad news, more bad news, and finally good news for JASMY price. Yesterday, I was wondering why $JASMY stopped rising at $0.04. So I spent all night studying the#JASMYchart. I have some good news, some bad news, and some more bad news. Bad news: This rally will probably not continue as quickly as the past few days. Like… pic.twitter.com/JrvkuYFfnE— Patric H. | CryptelligenceX (@CryptelligenceX) June 5, 2024More specifically, the analyst said the JASMY price has stopped breaking above the $0.04 price level. This sign marks the beginning of another challenging demand for a price breakout. According to the analyst, the first bad news is that JASMY's recovery will not continue as fast as it has been in the last week or so. In fact, he specifies that JASMY price will fluctuate between $0.039 and 0.042 USD and this will be the main resistance level for JASMY. He also noted that this is the price JASMY is struggling in February and March 2022.He noted that the most recent JASMY price hike in March 2022 stopped at the same level. However, he noted that back then the cryptocurrency market was in a marco bear market. He then added that the worse news is that JASMY will have another hurdle to overcome. Besides the already mentioned resistance, the analyst believes that JASMY will hit another resistance level between the 0.048 price mark USD and 0.052 USD. He noted that this is the trading range that JASMY went through when the altcoin started trading on Coinbase. Finally, he concluded with good news for JASMY if JASMY breaks through these two resistance levels then the price JASMY at the next high in the trend will reach $0.90 and it will increase very quickly. This is encouraging news for JASMY and a bullish sign overall.