Jasmy coin price is experiencing increased selling pressure on Wednesday as altcoins continue to suffer. The chart shows the price of the cryptocurrency is respecting a downward trendline. The utility token is priced at $0.003482 on Wednesday, down 1.89% till press time.
Bitcoin continues to show negative price action after facing a rejection from its weekly highs. As a result, altcoins experienced some bearish sentiment and started to plummet, too. Bitcoin currently sits at $27,054, down 0.57% from the last day.
Jasmy Lab And Kana Lab Announce Partnership
Earlier in September, Jasmy Lab and Kana Lab announced their partnership to promote Jasmy coin. This partnership will promote the JasmyCoin utility and the growth of projects by both Jasmy Lab and Kana Lab. A large-scale marketing strategy will be followed to promote Jasma lab in Korean, Indian, and Western markets.
Jasma crypto recently also partnered with NowPayments. NowPayments will now enable businesses to accept Jasmy Coin as a form of payment. This partnership has increased the utility of the Japanese coin by promoting it as a secure and safe payment method. Jasmy Coin price is trading 58% below its yearly high.
Jasmy Coin Price Remains In A Slump
JASMY chart shows that the price is trading 19% below the $0.0043 resistance level. A deeper analysis of the chart reveals the price has attempted to break above the $0.0043 resistance level multiple times but to no avail. The price also seems to be respecting a downward trendline since February 2023.
The Jasmy coin price prediction will flip bullish, provided the price breaks from the downward trendline. In that case, I expect the bulls to target the $0.0043 resistance level. However, in a bearish scenario, I expect the price to target the August lows, which lie below $0.003.
In the meantime, I’ll keep sharing updated analysis of Jasmy crypto and my personal trades on my Twitter, where you are welcome to follow me.