Jasmy coin price has entered a deeper correction after facing rejection from the $0.0083 level. Since then, the price has depreciated by around 27% in value. Crypto prices have retracted once again as Bitcoin price failed to break above $24,000 despite multiple attempts. Consequently, the biggest cryptocurrency price has fallen below $22,000, tanking most of the altcoins as well.
Global investors are awaiting the release of January 2023 inflation data. The CPI report will be released on 14th February and is expected to affect the price action in equities and crypto markets. Traders are expecting high volatility in the markets this week due to the speculation on CPI numbers.
JasmyCoin Latest News
According to the most recent Jasmy coin news, the coin has been listed on Fameex Global exchange. Jasmy deposits and withdrawals on the exchange have been open since last week. In other news, Jasmy roadmap 2023 is also out now. The project CFO Hara shared the much-awaited roadmap in a Twitter thread.
Jasmy Coin Price Chart Daily
Technical analysis of the Jasmycoin price chart shows that the $0.0083 level has become critical. This level has acted as a strong support on many previous occasions. However, it has now become a very strong resistance since the price broke below it in September 2022.
If the BTC price enters a deeper correction, I expect Jasmy price to retest the $0.0048 level. This level perfectly matches the 0.618 fib retracement level when connecting December 2022 low with the recent high. Since December 2022, Jasmy price has shown remarkable recovery. The price has gained 127% since then and now trading at $0.006355.
If the price reclaims the $0.0083 level then Jasmy coin price prediction would become extremely bullish. In such an event, I expect the price to retest the $0.0159 resistance. This would be a 150% price increase from the current level. However, this prediction is only likely to be met if the price breaks above $0.0083.
Another factor that could affect the altcoin prices is the Bitcoin price action. Therefore, if BTC breaks below $20,000 then our price prediction would also be invalidated.