JasmyCoin’s (JASMY) price trajectory has signaled the potential for recovery, indicating a possible market bottom for the crypto asset. Industry experts and market analysts have noted positive indicators for JASMY, suggesting an upward trend may be on the horizon.
JASMY Community Engagement Surges
DipMehtaVerse, a crypto enthusiast, reported uncovering the DeGateDex wallet on Etherscan. This revelation shed light on user engagement with JASMY’s marketing efforts.
DipMehtaVerse stated, “It’s good to see the ~22.5M tokens ~$700k USD that users locked up for rewards. It’s good that people are responding to $jasmy marketing.”
The discovery of locked tokens in the DeGateDex wallet demonstrates growing user interest in JASMY. This development aligns with the project’s marketing strategies, which appear to be yielding positive results.
DipMehtaVerse drew a parallel to a previous campaign with XT exchange, noting, “If I remember correctly, around the time when there was a campaign with XT exchange, we pumped quite nicely so I’m hoping for the same thing.”
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Expert Analysis Points to Bullish Trends
Matthew Dixon, CEO of Evai, shared his insights on JASMY’s market performance. He emphasized the broader crypto market’s bottoming signs, specifically highlighting JASMY’s position.
Dixon tweeted, “As we said yesterday, there are signs that the #Crypto market is bottoming and that can certainly be said for $JASMY.”
Technical Indicators and Price Movements
Dixon’s analysis revealed bullish candlestick patterns for JASMY, suggesting an impending upward movement. He noted, “Following impulsive moves higher and a predicted correction down in three waves, #JASMY now shows Bullish candlesticks signalling upside is coming.”
According to CoinGecko data, JASMY’s price stands at $0.03253, with a 24-hour trading volume of $196,619,926.84. The token has seen a 12.75% price increase over the past 24 hours. However, it’s worth noting a slight 2.83% decline over the previous seven days.
The combination of user engagement, expert analysis, and current market data paints an optimistic picture for JasmyCoin. While short-term fluctuations persist, the overall trend suggests potential growth for JASMY in the coming period.
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The post JasmyCoin (JASMY) Shows Signs of Recovery: Experts Predict Bullish Trend Ahead – Here’s Their Outlook appeared first on CaptainAltcoin.
