Jasmy coin price (JASMY-USD) gained 25% last week as the price bounced off the 200-day moving average. Our analysis shows that a massive upside is still possible if bulls orchestrate a breakout above $0.0083. JASMY and many other altcoins are awaiting the next Bitcoin move while retesting key resistances.
Most cryptocurrencies have been trading sideways as Bitcoin bulls battle to break above $25,000. The key psychological level has become a huge resistance and a line in the sand for many traders to flip bullish. Jasmy coin price has gained $3.24 since yesterday, and there appears to be a lot more gas left in the tank.
What Is JASMY Coin?
JASMY is one of the few crypto projects that are working in the realm of the Internet of Things (IoT). It aims to democratize data by leveraging decentralized security and private data control. JASMY coin is the native cryptocurrency of its ecosystem and currently resides on Ethereum as an ERC-20 token.
Currently, JASMY-USD has a market cap of $35.7 million which puts it at the 595 ranks on Coingecko. The pair has shown a remarkable recovery since the start of 2023 and has gained 170% since its 2022 low of $0.00275.
According to the latest Jasmy coin news today, it has now been added to the list of supported assets on Travala. The holders will now be able to book millions of travel products on Travala by paying with JASMY.
Jasmy Coin Price Prediction
Technical analysis of Jasmy chart suggests that the price is riding a massive uptrend. A major sign of strength is the recent successful retest of the 200-day moving average. If the price reclaims the $0.0083 level in the coming days, then I expect it to surge to the $0.016 level very soon.
This will be a 109% price increase from the current price of $0.0075. However, this Jasmy coin price prediction can be considered invalidated if the price breaks below the 200-day moving average. In the meantime, Bitcoin price also needs to remain in an uptrend or at least sideways. A major correction in Bitcoin may trigger a similar price action in altcoins.
