JasmyCoin (JASMY) has enjoyed a bullish rally recently, but the last 24 hours show signs of potential exhaustion. Despite briefly surpassing $0.030, the token is struggling to maintain upward momentum. As the RSI divergence turns negative and the price interacts with critical EMA levels, traders evaluate the next potential moves for JASMY.

JASMY Price Movement: Bulls Losing Steam

In the past 24 hours, JASMY peaked at $0.03076 before pulling back to its current price of $0.03004, reflecting a 6.44% surge. While bulls managed to drive the price above the 20 EMA ($0.02966), the momentum has waned, indicating that selling pressure may increase. The price must break above $0.03100 with strong volume to reclaim bullish momentum.

RSI Divergence Signals Bearish Momentum

The RSI Divergence (5, 14) is at -7.80, a clear indicator of growing bearish sentiment. This negative divergence suggests that the bullish rally could slow, with sellers gaining control. If the RSI divergence continues to widen, JASMY may test lower support levels, potentially falling toward the 50 EMA.

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EMA Levels: Critical Support Zones

JASMY holds above the 20 EMA ($0.02966), but the 50 EMA ($0.02871) is a key support level. A drop below the 50 EMA could result in further bearish action, with the 100 EMA ($0.02762) acting as the next line of defence. On the upside, breaking above the $0.03076 resistance could reignite bullish momentum.

Conclusion

JasmyCoin’s bullish rally is threatened, with weakening RSI divergence and key EMAs providing critical levels to watch. While the bulls need a push above $0.03100 to regain strength, failure to hold above the 20 EMA could result in a bearish pullback. Traders should monitor RSI behaviour and EMA interactions for signs of the next big move.