JasmyCoin Price Prediction:
The daily timeframe shows that the altcoin is consolidating within a falling wedge pattern. This is a bullish reversal pattern that hints at a possible bounce. However, the technical formation is yet to be confirmed and investors looking to go long on the JasmyCoin price should wait for a candlestick close above the range high of $0.0274.
A break above the above level will encourage more buy orders that could take the JasmyCoin price up to nearly 50% of the expected target, which is $0.0350.
Several technical indicators support this thesis, starting with the Relative Strength Index (RSI). Its position above 50 suggests a bullish market. Moreover, its stance below the 70 threshold suggests that there is more room to go before JASMY is considered overbought.
In addition, both the Awesome Oscillator (AO) and the Moving Average Convergence Divergence (MACD) are in positive territory. With the growth of the histogram, this suggests that the bullish cycle is strengthening.
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