JASMY Price on the Rise: Can the Bullish Momentum Push Prices Past Critical Resistance Levels?

The recent performance of $JASMY price has shown a steady uptrend with closing prices moving from $0.039721 to $0.04394 over the past five periods. The 9 EMA has also been on the rise, currently at $0.041008, indicating a short-term bullish trend. Meanwhile, the 20 EMA, though lower at $0.039528, is also on an upward trajectory, confirming the positive momentum.

The MACD analysis supports this bullish sentiment. Initially, the MACD histogram showed a bearish divergence with negative values but has recently turned positive. The latest MACD values are 0.001699 for the MACD line and 0.001436 for the signal line, resulting in a positive histogram of 0.000263. This bullish crossover suggests increasing buying pressure and potential for further price gains.

RSI values have been consistently above 60, peaking at 73.393, indicating strong bullish momentum but also hinting at overbought conditions. High RSI values suggest that the asset might be due for a minor correction or consolidation before continuing its upward movement.

Given the current technical setup, #JASMY is likely to continue its upward movement if it can sustain above the immediate resistance level at $0.04394. Breaking this level could see the pair testing higher resistance levels around $0.045 and $0.047.

On the downside, key support levels to watch are $0.037951 and $0.034209. A fall below these levels might suggest a bearish reversal or deeper correction, with $0.034123 acting as a critical support to prevent further declines. #altcoins #TrendingPredictions #BullorBear
The full analysis and trade strategy were originally posted on ecoinimist.com.