While the overall crypto market is bleeding, JasmyCoin (JASMY) has come under the radar of several traders. Some of them are sharing conflicting predictions about its future price movement.
Some analysts maintain an extremely bullish outlook. However, others are more cautious, pointing to recent price declines as a cause for concern.
Bullish Outlook: Analyst Predicts 10,000% Move to $2.90+
Cryptocurrency analyst JAVON MARKS has reiterated his bullish stance on JASMY. He is maintaining a price target of $2.90 and beyond.
Updated Visual of $JASMY (JasmyCoin) and its $2.90+ target.Nothing with it has changed and throughout the past year, this target has necessarily only gotten closer to being reached, doing a more than 15X in Price!We remain with sights on a more than 10,000% move from here to… https://t.co/r1abyZQycB pic.twitter.com/TSofWpGALF
— JAVON MARKS (@JavonTM1) July 3, 2024
In his latest tweet, MARKS emphasized that his prediction has remained unchanged over the past year. He stated that the target is seemingly getting closer as the token has already achieved a 15X price increase.
Key points from MARKS’ analysis include:
A primary target of $2.90+, representing a potential 10,000% move from current levels
An additional target of $4.40+, discovered through further technical analysis
The suggestion that any pullbacks along the way may only serve to support healthier price action towards these targets
MARKS’ extremely bullish outlook suggests that JASMY could be poised for major gains in the future, despite recent market turbulence.
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Show more +Show less – Bearish Signals and Cautious Trader Sentiment
While some analysts maintain a bullish outlook, latest price performance and more cautious trader sentiment paint a different picture for JASMY:
Current price: $0.0244, down 11.7% in the last 24 hours
30-day performance: A decline of 35.3%
Analyst Erik has taken a more conservative approach, sharing that he sold all his JASMY positions at $0.042 based on lower timeframe (LTF) analysis. Erik’s decision was influenced by:
An expectation of lower prices in what he terms the “green zone”
The possibility that the Equal Low (EQL) level could be breached
Plans to seek new long entries if JASMY reaches certain lower price levels
$JASMY holders I sold all my positions at 0.042$ based on LTF entry and expected lower prices at green zone, if it can't hold than EQL will be takne out. There is high probability that EQL will be takan out. As soon as $JAMSY reaches below mentioned zone I will find long entries.… pic.twitter.com/OrxvD0cuiY
— Erik (@ero_crypto) July 3, 2024
Erik’s analysis suggests a high probability of further downside before any potential recovery or upward movement.
Even though the market is bleeding at the moment, altcoins including JASMY can exhibit a sudden reversal once Bitcoin regains momentum.
Read more: Best Meme Coins to Buy as Crypto Prices Dip – MOG, PEPE, WIF, and BRETT
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