JasmyCoin (JASMY) price has experienced a 24.13% increase today reaching $0.028 levels, so this coin is one of the hot stories right now in crypto as we head into the new week.
The token’s trading volume has also surged by 642.26%, with $420 million worth of JASMY changing hands in the past day.
JasmyCoin to Enter Top 50 Ranking by July?
Analyst Saiyan1k believes that with a consistent inflow of over $300 million in trading volume, JASMY could reach the top 50 cryptocurrencies by market capitalization by July or even sooner.
The analyst suggests that one or more large entities have recognized the potential of this “Japanese $BTC” and its vast utility in data democratization.
JASMY Price Analysis: Bullish Technical Indicators
Several analysts have pointed out bullish technical indicators for JASMY. JD notes that the token is breaking out of a symmetrical triangle pattern, which is a very bullish sign, especially when supported by high volume inflow.
Crypto Kindie highlights that JASMY has achieved its highest weekly close all year, with the weekly RSI breaking out, indicating a potential push higher this week. The analyst sets the next target at $0.05.
$JASMY WeeklyKiller Weekly cose Highest close on the Weekly all year, Weekly RSI breaking out, looking good for a push this week.Next target, 5c #jasmy pic.twitter.com/Y5K3KCWxSv
— Crypto Kindie (@CryptoKindie) May 27, 2024
Nuck Chorris observes that JASMY has broken out of its accumulation range since February and is now aiming to go much higher.
Crypto Tony emphasizes the importance of JASMY holding above the $0.017 level, stating that if this support holds, the token could “take off nicely.”
Mrpatrickschmitt shares that JASMY is about to enter the top 80 cryptocurrencies by market capitalization and suggests saving this information for future reference when the token reaches the top 20.
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Show more +Show less – First Buy Signal in 3 Months
Trader KIR FI reports that JASMY has just recorded its first buy signal in 3 months, indicating that the coming week should be positive for the token, and June may be an exciting month for JASMY holders.
FYI… $JASMY #Jasmy just recorded the first buy signal in 3 months. So, it's looking like this should be a pretty good week and June may be a lot of fun. pic.twitter.com/KCuatlUHDj
— 𝐊𝐈𝐑 𝐅𝐈 (@KIRFinance) May 26, 2024
The recent surge in JasmyCoin’s price and trading volume, coupled with bullish technical indicators and optimistic analyst projections, suggests that the token may be poised for more growth in the coming weeks and months.
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The post Here’s Why the JasmyCoin (JASMY) Price is Pumping appeared first on CaptainAltcoin.
