In this article, we’ll be taking a shot at JASMY coin price prediction, which seems to be hanging by a thread. Although the price appears to have bottomed out, it has failed to gain momentum. After tagging the lows of $0.0082, JASMY crypto immediately soared to $0.0159 in a relief rally. After that, however, it faced a massive rejection from that level and tanked again.
At the time of writing, the JASMY coin is trading at $0.0129, which is 99.7% below its February 2021 all-time high of $4.79. Nevertheless, the $4.79 ATH must be taken with a pinch of salt as the cryptocurrency wasn’t listed on any major exchanges back then.
According to JASMY coin news today, the team introduced JASMY securePC, a new security technology for Web 3.0. With this new feature, user actions would be recorded and managed as personal data. Users would then be able to monetize this data at their convenience. The coin is also available now on AAX Exchange.
JASMY coin price soared to record highs in 2021 due to the massive influx of retail investors. Nevertheless, the coin hasn’t lived up to the hype since then and has been in a constant downtrend since then.
JASMY Coin Price Prediction
Technical analysis of the JASMY coin price chart suggests that the price is gaining some strength after a brutal downtrend. There also appears to be a significant increase in trading volume. However, the price is still trading sideways despite breaking out of the falling wedge. Any close below the diagonal support might trigger another bearish leg.
If Bitcoin price shows some signs of recovery, the JASMY price prediction of $0.024 in the short term seems quite valid. This level also perfectly aligns with the 0.382 Fib retracement level when connecting the March high of $0.049 to the May low of $0.0082. Similarly, another slump in Bitcoin price might plummet the price to insanely low levels.
JASMY USD Daily Chart
