This could push the JASMY price to $0.35

The price of JasmyCoin (JASMY) has been gaining significantly recently. Over the past week, JASMYCOIN's value has increased by 14%, indicating a robust uptrend. The altcoin's price action is characterized by dynamic green trends, indicating potential further increases. This trend reflects growing investor confidence and market optimism about the cryptocurrency.

JASMYCoin Price Prediction: Whale Transactions Signal Imminent Price Rises

Recent trading data on JasmyCoin price shows a significant increase in whale transactions above $100,000, as shown in a double line chart by SantimentSharp red spikes in the chart represent these whale activities.

They often precede significant fluctuations in the JASMYCOIN price, which are marked in green. For example, a rise in mid-June correlates with a high price peak. This indicates a possible connection between large-scale trading and price changes.

JasmyCoin Price Prediction: This Could Push JASMY Price to $0.35 — Source – Santiment

Accordingly Coin jar According to data, there has been a noticeable shift in market activity. Trading volume has increased by 2.30% and now stands at $85.79 million. At the same time, open interest, which tracks all unsettled derivatives contracts such as futures and options, has seen a sharp increase. It rose by 7.69% and reached a total value of $32.15 million.

This increase in open interest, along with volume growth, indicates increased trading activity and potentially increased market liquidity.

JasmyCoin price shows strong upward momentum

Over the past 24 hours, JasmyCoin price has increased, indicating significant market activity. At the time of writing, JASMYCOIN Price is trading at $0.02363, with a strong increase of 5% during the US period.

JasmyCoin is fluctuating between a low of $0.0222 and a high of $0.02373, indicating increased trading activity that has attracted the interest of investors looking for short-term profits.

The JasmyCoin price is showing a promising uptrend, indicating a possible entry into a bullish market phase. The recent movements show that Altcoin is approaching the critical resistance level of $0.25. If this momentum continues, the price could soon rise to $0.3. And if the bullish pressure increases, the altcoin could even reach $0.35.

The 4-hour technical analysis for the JASMY/USD trading pair shows a slight uptrend. The Moving Average Convergence Divergence (MACD) Indicator shows a bullish signal. The MACD line (blue) is above the signal line (orange) and positive histogram bars indicate an increase in upward momentum.

The Relative Strength Index (RSI) is approaching the overbought area and is currently at 69.72.

Conversely, if the market sentiment weakens, the JasmyCoin price could initially find support at $0.2. If the bearish trend intensifies, the price will drop to $0.19. In a more pessimistic scenario, the value of JASMYCOIN could possibly drop to $0.15.

Frequently Asked Questions (FAQs)

JasmyCoin could possibly reach $0.35 if the uptrend continues. Currently, the support is at $0.2 and in bearish scenarios, the price could drop to $0.19 or even $0.15.

Jasmy integrates blockchain for data security and integrity, edge computing for efficient data processing close to the source, and IPFS for decentralized and reliable data storage.

Large transactions, often by whales, precede significant fluctuations in the JasmyCoin price. These transactions can indicate upcoming price increases due to the large amount of capital moved, thus influencing market dynamics.