Based on the technical analysis of $JASMY /USDT:
$JASMY /USDT is currently trading at $0.02847, indicating a 7.44% decrease in the last 24 hours. The coin saw a high of $0.03089 and a low of $0.02844, with trading volumes of 544.42 million JASMY and 16.07 million USDT.
The price is near the lower end of its recent range, suggesting potential support around $0.02844. The Relative Strength Index (RSI) on the 1-hour chart indicates oversold conditions, possibly signaling a bounce towards resistance levels if buying interest picks up.
For short-term traders, a strategic entry point for a long trade could be considered around the support level of $0.02844, targeting resistance near $0.02936. Conversely, for short trades, an entry near resistance levels around $0.02936, with a target towards support at $0.02844, could be considered depending on confirmation of bearish momentum.
Traders should closely monitor volume trends and market dynamics for confirmation and adjust their strategies accordingly to manage risk effectively.
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