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$JASMY soars 225% after breaking key resistance, signaling a significant win
Regulatory shifts in Japan boost $JASMY, with venture capital fueling the nation’s crypto innovation, growth.
Technical indicators suggest caution with $JASMY’s RSI at 71.14, hinting at potential short-term pullback risks.
JasmyCoin ($JASMY) exceeded market expectations with a 225% increase following a pivotal break in its resistance level, as highlighted by CryptoBusy, an analytic platform on X. This development comes on the heels of a forecast made on December 13, which accurately predicted the coin’s trajectory beyond a critical resistance point, signaling a lucrative opportunity for investors within the accumulation zone.
At press time, JASMY was trading at $0.018544, with its trading volume reaching $1.6 billion over the past 24 hours, per CoinMarketCap. The market has witnessed a 59.58% uptick in value, underscoring a robust bullish momentum.
Moreover, the technical indicators vividly show the current market dynamics. The 1-Day Relative Strength Index (RSI) 71.14 hints at a potentially overbought condition, suggesting investors tread cautiously for possible short-term pullbacks.
Meanwhile, the Moving Average Convergence Divergence (MACD) echoes the strength of recent price gains, albeit with a cautious note on sustainability. However, the 1-Day Know Sure Thing (KST) reaffirms the strong short-term momentum, likely propelling the coin’s upward trajectory.
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