#JASMY : Watch Out For This ♉️

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- Bullish overall, but currently in a consolidation phase.

- 50 EMA hit, typically leading to a strong reaction.

- EMAs on the 4-hour timeframe still acting as support.

- Resistance found at the 28 EMA.

- Support levels are at 3.7 cents and 3.55 cents.

🪷 Market Sentiment:

- Slightly more bearish after Friday.

- JASMY has reacted well but may reverse and turn bearish if markets continue to decline.

🪷 Bullish Outlook:

- Community and news around JASMY remain bullish.

- Previous consolidation phases led to breakouts and rallies.

- Strong support levels to prevent a deep dive.

🪷 Bearish Concerns:

- Bearish divergence forming between price and RSI, indicating a potential reversal.

- Loss of momentum is concerning.

- Potential bearish outlook if Bitcoin drops below 69,000 or JASMY drops below 3.7 cents.

🪷 Conclusion:

- Technicals still appear bullish, but a bearish turn is possible.

- Next 24 hours are crucial for determining JASMY's price direction.

$JASMY $BTC #bitcoin #BTC #Metaverse #altcoins