JasmyCoin (JASMY) 24-hour Price Analysis: Showcases 0.40% Resilience; How Will Jasmy Perform in July?

JasmyCoin (JASMY) Gains 11.97% in 24 Hours: Why is JasmyCoin Outperforming Major Altcoins?

The global cryptocurrency market has seen a 3.40% decline in the last 7 days, reflecting the broader market sentiment. However, JasmyCoin has outperformed the market, recording a 3.00% price increase over the same period. This resilience suggests that JASMY may be poised for further upside, even in the face of broader market challenges.

As of the time of publishing, JasmyCoin (JASMY) is trading at $0.029960, with a 24-hour trading volume of $67,486,385. The cryptocurrency has slightly increased by 0.40% in the last 24 hours, but its overall 30-day performance remains positive at 23.96%. Notably, JASMY is currently ranked #59 on CoinMarketCap, with a market capitalization of $1,477,014,422.

Source: JASMY 24-hour Chart (CMC)

Technical Analysis: Bullish Signals Abound

Recent technical analysis has revealed several promising signs for JasmyCoin. Analysts have identified a hidden bullish divergence, a Bullish Divergence, and the formation of higher lows, all suggesting a potential bullish reversal. These technical indicators indicate the possibility of JASMY moving back into the $0.04 range and potentially higher shortly.

Related article: AAVE Surges 4.2% in 24 Hours, Signaling Renewed Investor Confidence in DeFi Platform

All-Time High and Low Comparison

JasmyCoin’s all-time high (ATH) price of $4.79 was recorded on February 16, 2021, over 3 years ago. Compared to this ATH, the current price of $0.029960 is a staggering 99.37% lower. On the other hand, the cryptocurrency’s all-time low (ATL) of $0.00275 was recorded on December 29, 2022, over 1 year ago. The current price is 989.66% higher than the ATL, indicating a significant recovery from the previous lows.

Conclusion

The technical analysis and market performance of JasmyCoin (JASMY) suggest that the cryptocurrency may be poised for a bullish reversal. With the emergence of key bullish indicators and the coin’s outperformance of the broader market, investors and traders should closely monitor JASMY’s price movements in the coming days and weeks.

fxcrypto tele

Disclaimer: The information in this article should not be considered financial advice, and FXCryptoNews articles are intended only to provide educational and general information. Please consult with a financial advisor before making any investment decisions.

Share this :

Facebook
Twitter
LinkedIn
Telegram
WhatsApp