🚨 $JASMY / USDT Analysis: Short-Term Bearish, Long-Term Bullish?🚨

Current Situation:

* Price: $0.02513

* 24h Change: -11.20%

* 24h High: $0.02833

* 24h Low: $0.02378

Short-Term Outlook:

The recent price action suggests a short-term bearish trend for JASMY/USDT. The price has fallen significantly over the past 24 hours, and the current price is below both the 7-day and 25-day moving averages. The Relative Strength Index (RSI) is also below the 50 level, indicating bearish momentum.

Long-Term Outlook:

Despite the short-term bearishness, the long-term outlook for JASMY/USDT remains bullish. The price has been steadily increasing over the past few months, and the 99-day moving average is above the current price. This suggests that the long-term trend is still upward.

Possible Scenarios:

* Bearish Scenario: If the price continues to fall below the 24h low, it could signal further downward movement. Support levels to watch are around $0.023 and $0.020.

* Bullish Scenario: If the price can break above the 24h high, it could signal a reversal of the current trend. Resistance levels to watch are around $0.028 and $0.030.

Disclaimer:

This analysis is for informational purposes only and should not be considered financial advice. Always do your own research before making any investment decisions.