Crypto trader notices two challenging resistance levels for JASMY.
JasmyCoin will have to break through two major resistance levels to continue its uptrend.
Doing so will lead the price of JASMY to climb to $0.09 in rapid momentum.
The rise of the price of JASMY has awakened the altcoin crypto community as many altcoins have been surging in price across the board. SHIB, DOGE, TON NOT, and many others have been surging alongside JASMY.
$JASMY +70% within 8 days since I posted. Thanks for playing I don't think it will stop here. It's just the beginning!!! https://t.co/UbgzJt5SjU pic.twitter.com/Jk88lKkJlC
— Ezy Bitcoin (@EzyBitcoin) June 4, 2024
Since the Apple and JASMY collaboration announcement, the price of JASMY steadily rose by 20% in under 24 hours to almost 100% in about 10 days. This explosive price action has led many to believe that JASMY will have a smooth ride towards $1 price.
Despite the flourishing price spike for JASMY, it seems that the asset may have hit a few challenging resistance levels. To highlight, one analyst in particular shares what he believes to be bad news, more bad news, and finally good news for JASMY price.
Yesterday, I wondered why $JASMY stopped pushing at $0,04. So, I spent the whole night studying the #JASMY chart.I have some good news, I have some bad news, and I have some more bad news.The bad news :This rally will probably not continue as fast as the last few days. As… pic.twitter.com/JrvkuYFfnE
— Patric H. | CryptelligenceX (@CryptelligenceX) June 5, 2024
In detail, the analyst says JASMY price has stopped pushing past the $0.04 price level. The mark marks the start of another challenging need for a price breakout. According to this analyst, the first bad news is that JASMY’s rally will not continue as fast as it had been moving over the last week or so.
In fact, he specifies that the JASMY price will fluctuate between $0.039 and $0.042 and this will be a level of major resistance for JASMY. He also marks that this is the level JASMY price was struggling at in February and March 2022.
He notes that the last JASMY price run during March 2022 stopped at this same level. However, he notes that back then the crypto market was in a marco bear market. He then adds that the more bad news is that JASMY will have another barrier to break through.
Besides the resistance level already mentioned, the analyst believes JASMY will hit another resistance level between the $0.048 and $0.052 price mark. He notes that this was the trading range JASMY experienced back when the altcoin started trading on Coinbase.
Finally, he concludes with good news for JASMY where if JASMY breaks through these two resistance levels, then the next trend high JASMY price will hit $0.9 and it will be a very quick surge. This is encouraging news for JASMY and a bullish sign overall.
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The post Varying JASMY Predictions Keep JasmyCoin Traders on Their Toes, Analysts Say Slow Momentum Pump Incoming appeared first on Crypto News Land.