Analyst warns: “Buy these altcoins before it’s too late!”
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Crypto analysis platform Coinpedia has given a danger signal for three altcoins in its analysis titled “Bear market warning”.
Altcoins are trying to hold on to important support levels in the cryptocurrency market that has fallen below $ 2 trillion.
#Jasmycoin (JASMY), which gained significant momentum at the beginning of the year, has been moving in a downtrend lately. JASMY lost nearly 20 percent in value last month
Coinpedia, which stated that investors holding #JASMY have achieved a return of 173.26 percent since the beginning of the year, suggested that the profitability rate in question could create selling pressure
In the analysis titled “Altcoins to sell before it’s too late”, the following was said for JASMY: “The technical indicator RSI continued to display a fixed flat line in the one-day time frame. In addition, the average trend line is recording an increase in the downward movement. This shows that there is weak buying pressure for the altcoin in the market. If the bears continue to dominate the market, #JASMY could fall to the support
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