JasmyCoin is always an interesting internal topic in CaptainAltcoin’s team, especially on days like this when the Jasmy price is “in green”.
To be fair, the price is up 5% so we are talking about modest gains here. The current Jasmy price is now over $0.028.
YouTuber “Steph in Crypto” posted a viral video yesterday to his 27k subscribers in which he updated his Jasmy price forecast.
JASMY Price Forecast: Bullish MACD Crossover, A Potential Game-Changer
The video highlights a potential bullish crossover on the 2-day Moving Average Convergence Divergence (MACD) for Jasmy Coin (JASMY), emphasizing its potential impact on future price movements. This analysis draws from historical instances where similar crossovers resulted in substantial price increases for JASMY.
The MACD indicator, a technical tool that helps predict price trends by showing the relationship between two moving averages, is approaching a bullish close. This suggests a strong potential for upward movement in JASMY’s price.
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Show more +Looking at past patterns, during the last bullish crossover in October 2023, JASMY’s price surged by 131%. Even more impressively, another crossover in February 2024 led to a staggering 400% increase in price.
Based on this technical analysis, the presenter expects big price increases in the weeks following the crossover. In the short term, a confirmed breakout above $0.032 could potentially push the price towards $0.055 which is roughly 2x from the current levels.
The video also touches on broader market factors that could influence JASMY’s performance. He also mentioned the launch of Ethereum spot ETFs as a bullish catalyst that could positively impact the entire cryptocurrency market.
There’s a sense of optimism among crypto traders about an upcoming altcoin season, with suggestions that Ethereum might reach a new all-time high. Popular altcoins this bull cycle, with strong utility, could benefit from this. JASMY falls into that category.
Read also: Polygon’s Metrics Continue to Grow – Will MATIC Price Break This Next Key Level?
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