JASMY/USDT price has experienced a strong 🚀🚀🚀🚀🚀🚀bullish trend since the end of January 2024 by Cris Cors🤑🤑🤑🤑🤑
breaking several resistance levels and reaching an all-time high of 0.0388 on February 23.
However, since then, the price has corrected lower, finding support at the ascending trend line and the 200-period moving average.
The price has also remained within the Bollinger bands, indicating moderate volatility.
Volume has decreased during the correction, suggesting a lack of buyer interest.
The RSI has shown a bearish divergence, implying a loss of strength of the bullish movement.
Conclusion: The JASMYUSDT chart shows a long-term bullish trend, but with signs of weakness in the short term.
The price could bounce off the trendline support and the 200 moving average, or break them and look for other lower support levels.
Traders and investors should watch for trend reversal signals such as Bollinger Bands breaking out, increasing volume, or RSI crossing above or below overbought or oversold levels.
