Jasmycoin (JASMY) continues to show strong upward momentum following a key price rejection. Over the past day, Jasmycoin’s price has seen a modest 5.71% pump, and its trading volume saw a 48.36% increase, which could mean more traders are buying it.
Blockchain Baller, a top analyst on X (formerly Twitter), shared with his followers that the token’s current price is hovering above critical support levels, with the next target set at $0.024.The analyst highlights JASMY’s resilience after bouncing from $0.02106 and indicates further bullish potential, provided the market continues to hold key support levels.
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Show more +Show less – JasmyCoin Price Analysis: Support at $0.02106 Remains Intact
Blockchain Baller’s JASMY chart shows that the price is holding above $0.02106, a level that has acted as a key support zone. This level is key, as it marked the point where buyers re-entered the market after a short pullback.
Image Source: X/Blockchainballer
However, the JASMY price has bounced off $0.02106 several times, suggesting it might go up from here. The tokens’ price also witnessed a liquidity grab near $0.01943, where the market saw a quick dip before reversing to higher levels.
This move allowed for the accumulation of liquidity, pushing the price back up. Traders are now closely watching whether the support at $0.02106 will continue to hold as the market tests higher resistance levels.
JASMY’s $0.024 Resistance Level in Focus
Despite the bullish momentum, JASMY faces strong resistance around the $0.024 mark. The JASMY chart shows multiple rejections near this price level, where the price failed to sustain its gains. This resistance has been tested before, and each time, JASMY’s price faced a sharp rejection, which led to a pullback.
According to Blockchain Baller, JASMY’s next target is $0.024. If the token’s price can go above this resistance level, it might keep going.
However, another rejection could see JASMY’s price fall to the key support levels at $0.02106 or even $0.01943.
Read Also: Analyst Warns of Kaspa’s Downside Potential, Says Bitcoin (BTC) Has Outperformed KAS Amid Bearish Trend
JASMY’s price has to rise over $0.024 to continue rising. The token has been reaching higher highs and higher lows, as seen in the Jasmycoin chart, indicating that people are still buying it. However, the price might dip if it can’t get beyond $0.024.
To conclude – if the JasmyCoin price does fall, it might stop falling around $0.02106 or $0.01943, as these are points where people tend to buy.
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The post JasmyCoin Price Nears Key Resistance: Here’s Why JASMY Bulls Are Optimistic appeared first on CaptainAltcoin.
