#Jasmy : Uptrend Is Coming ⁉️
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The cryptocurrency is consolidating between $0.0225 and $0.0255, waiting for a breakout to confirm direction. The current situation looks bearish, but there are signs of bullish momentum. For JASMY to turn bullish, it needs to surpass $0.0255, ideally reaching $0.028.
The current trend is down, making a bearish breakout more likely. Bitcoin is showing momentum, which could positively affect JASMY, as JASMY has historically tracked Bitcoin movements. JASMY regained momentum yesterday, but it weakened partly due to market volatility.
CVOL and open interest indicate mixed momentum, with both long and short positions open. While an upside breakout is possible, mixed momentum makes it less likely. A bearish breakout is more likely based on the current trend and Bitcoin's situation.
In the short term, consolidation and stability in the current price range is more likely. A breakout could occur if Bitcoin begins to move significantly or if JASMY gains more momentum.