Jasmy coin was one of the top-performing coins last week as many investors rushed to buy it. However, it now seems to be preparing for a price drop from its current level.
JasmyCoin was one of the best-performing coins last week as investors rushed to buy it after a misunderstood Apple announcement. The price of JASMY surged to $0.040 before slowing down. On Thursday, during European business hours, JASMY traded around $0.039, which is a 0.6% drop in the last 24 hours but a 57.6% increase over the past week.
JASMY Price Analysis and Potential Movements
Current Price Trends and Support Levels: For the past 10 days, JASMY has been making higher highs, but it may be due for a retreat soon. Despite this, the price is still trending above the 50-day and 200-day simple moving averages (SMA), with strong support forming around the 0.5 Fibonacci retracement level. Recently, JASMY surged to a new high of $0.0425 before correcting back by 8%.
On the 30-minute chart, JASMY is currently supported by the top of a range at $0.0372, from which it previously broke out. If the price action breaks below this level, it may re-enter the range.
Potential Retracement and Support Factors: Additionally, below the range, the 0.5 Fibonacci retracement level coincides with a fair value gap (FVG) that is yet to be filled, indicating the possibility of a 23% retracement from the current price.
Bullish Potential and Resistance Levels: On the flip side, bulls may still compete to push the price higher, aiming for targets at $0.049, $0.059, and $0.064. They may encounter some weak resistance around the $0.042 area.
JASMY Price Volatility and Market Concerns
JASMY’s price could rebound following the impending retracement, but investors in the crypto community are apprehensive about a significant pullback for the coin. The surge in JasmyCoin followed a misunderstanding of Apple’s recent announcement about integrating Japan’s ‘My Number’ feature into their iPhones.
Investors presumed JasmyCoin, a key player in the decentralized Physical Infrastructure Network (DePIN) sector, was involved, thus driving its rally. It surged by 57% in the past week based on this news, which has now been clarified as a misinterpretation.
Additionally, concerns arise over DWF Labs, which recently deposited 50 million JASMY tokens valued at approximately $1.57 million into Binance. They might drastically reduce their current holdings at this profit-taking juncture, considering they already have a 3x profit.
Currently, Jasmy has witnessed a decline in trading volume of -57.20% in the last 24 hours, indicating a slowdown in market activity.
⚠️Disclaimer
This content aims to enrich readers with information. Always conduct independent research and use discretionary funds before investing. All buying, selling, and crypto asset investment activities are the responsibility of the reader.
#Jasmycoin #JASMY

As JasmyCoin (JASMY) rises in the crypto market, its position is being reassessed. Referred to as the “Bitcoin of Japan,” JASMY shows potential to climb higher in the rankings. A crypto expert predicts it could break into the top 10 cryptocurrencies.
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JasmyCoin is attracting significant attention with its surging price. According to a crypto expert, JASMY is poised to enter the top 10 cryptocurrencies in the market. Price predictions for JASMY are extremely bullish, suggesting potential pumps ranging from 7000% to 12000%.

JASMY Gains Momentum with Bullish Market Sentiment
Prediction: $JASMY  destined to reach crypto top 10 list.— Del Crxpto (@DelCrxpto) June 4, 2024

The market sentiment for JasmyCoin (JASMY) is overwhelmingly bullish as traders flock to capitalize on its potential and watch its price surge. A bullish response to recent developments even predicts JASMY breaking into the top 5 cryptocurrencies.
Following months of efforts to gain attention, JASMY has finally entered the spotlight within the broader crypto community. This surge in attention coincided with JASMY’s collaboration with Apple, where Japan’s My Number Card was integrated onto JasmyCoin’s blockchain. Plans are underway to integrate this feature onto iPhones by next Spring, solidifying the partnership between JASMY and Apple.

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After the collaboration announcement, the price of JASMY spiked significantly, breaking through a major resistance level. Traders and analysts now anticipate no further resistance as JASMY appears poised to reclaim its previous all-time high of $4.99.

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JASMY Surpasses $5 Expectations After Apple Collaboration
Initially, it was widely expected that JASMY would surpass $5 during this crypto bull season. However, following the collaboration announcement with Apple, price predictions for JASMY have now soared even higher.

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Returning to the discussion in the post, many express regret over missing the opportunity to invest in JASMY early, now having to settle for entering at a later stage. The post reflects on the challenges in the crypto market, where influencers can lead investors astray, emphasizing the value of steady growth over time in cryptocurrency investments.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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