JASMY is at a key point right now. Market signs show it could either break upward or continue falling. Traders are keeping an eye on important price levels while everyone wonders what’s next.
Veteran trader Matthew Dixon posted something positive about JASMY’s price on X. He thinks the downward trend might be ending soon, possibly setting up for a good upward move.
Right now, JASMY sits around $0.0213 after some wild price swings. It’s been moving within a specific range, testing the $0.0209-$0.0210 support level several times. The price hasn’t dropped below this point despite multiple tests, which suggests buyers are stepping in.
There’s resistance around $0.025-$0.026, an area traders are watching for a breakout. If JASMY surpasses this zone, momentum could shift toward higher price levels. However, failure to maintain support may lead to a decline toward $0.0195 – $0.0200.
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What you'll learn 👉
JASMY Market Sentiment and Technical Indicators
Technical indicators reflect mixed sentiment. The RSI is currently 39.84, putting JASMY in oversold territory. This might mean a bounce back if more buyers come in. Looking at JASMY’s price action, there are longer wicks near support, showing that buyers are likely accumulating.
If JASMY starts closing above $0.0225, it could signal a momentum shift toward higher prices. Breaking past $0.026 might trigger more upward movement, possibly reaching $0.028-$0.030. On the other hand, falling below $0.0210 could bring more sales.
Matthew Dixon’s recent tweet has made many JASMY holders feel more optimistic. He pointed out that the correction appears to be concluding, implying that a strong upward move could follow. His statement, “JASMY fans could soon be celebrating,” reinforces the belief that an impulsive rally may be approaching.
While his outlook remains positive, price confirmation is necessary before concluding. The next few trading sessions will be crucial in determining whether JASMY’s price will break higher or extend its decline.
JasmyCoin Potential Market Scenarios
If JASMY stays above $0.0210, buyers might push the price up and test key resistance points. Breaking above $0.026 could lead to quick gains, supporting Dixon’s positive outlook. However, if it falls below $0.0210, we could see prices drop further.
Traders should look for clear signals before making their moves. The market is still jumpy, so managing risk is important. Technical indicators suggest a possible trend change, so everyone’s watching to see if JASMY’s price will turn around or keep following its current pattern.
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