As a seasoned researcher with over two decades of experience in the ever-evolving world of cryptocurrencies, I’ve seen more market fluctuations than I care to remember. However, the current performance of JasmyCoin (JASMY) is certainly grabbing my attention.
As Bitcoin hovers around the $96,000 mark, not moving much up or down, other cryptocurrencies called altcoins are experiencing a strong upward trend. It seems that investors are taking their profits from Bitcoin and investing in these altcoins instead. One coin that’s really standing out is JasmyCoin (JASMY), which has risen by 35% over the last day, edging ever closer to a market value of $2 billion.
Since hitting the support level of $0.016 on November 5, the price of JasmyCoin has experienced a significant surge, climbing by an impressive 144%. This altcoin is currently being traded at around $0.04 and shows signs of a reversal pattern, known as a rounding bottom, in its daily chart. The 24-hour trading volume for JasmyCoin has also risen significantly, reaching approximately $805 Million, representing a 125% increase.
The positive trend in JasmyCoin has just shattered a previous resistance line, meaning it’s no longer being held back. This follows a series where the highs were lower than before. Moreover, the price has moved beyond a significant area where sellers often put their offers, around $0.032-$0.033. Today, JasmyCoin experienced an impressive 33% increase in value, marking its seventh straight day of strong upward movement.
As the price nears the 100% Fibonacci level at $0.04077, optimistic investors are hopeful for a new record high this week, signaling a possible increase of 96%. But analysts advise that a dip to the $0.03353 Fibonacci level might happen if the momentum weakens.
Read More
- Crypto ETPs hit $44.5b in YTD inflows amid Bitcoin surge
- AI16Z PREDICTION. AI16Z cryptocurrency
- Li Haslett Chen to Leave Warner Bros. Discovery Board
- EXCLUSIVE: Alia Bhatt in talks with Dinesh Vijan for a supernatural horror thriller; Tentatively titled Chamunda
- Hong Kong Treasury says crypto is not a ‘target asset’ for its Exchange Fund
- ‘Kraven the Hunter & ‘Madame Web’ Box Office Disaster Blamed on Media Scrutiny
- The Best Fashion Audiobooks on Audible for Aspiring Stylists, Hypebeasts and Everyone In Between
- Smino and Samara Cyn To Hit the Road on ‘Kountry Kousins’ Tour
- US States charges ahead to adopt Bitcoin Reserve Legislation
- Felicity Jones Has a Fresh (and Minimalist) Take on Method Dressing Trend at ‘The Brutalist’ Premiere
2024-12-03 16:37