Jasmycoin (JASMY) Soars +30% as Investors Await Major Reveal, Price Must Maintain This Level for Full Bullish Reversal

The cryptocurrency Jasmycoin (JASMY) has witnessed a significant price surge of over 30% today, continuing an uptrend that commenced in mid-March after bottoming out at around $0.015. According to analyst Steph Is Crypto, if JASMY can decisively break and sustain above the $0.02 level, it could confirm a bullish reversal, signaling the potential for further upside.

At the time of writing, JASMY is trading at approximately $0.022, inching closer to the crucial $0.02 support level. The bulls are hoping for a daily close above this level to cement their control over the price trajectory. Technical indicators like the 50 and 100-day moving averages currently reside below the price, potentially acting as support in case of a pullback during the reversal.

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The recent price action can be attributed to the anticipation surrounding a major announcement from the Jasmy team. Hara, the Chief Financial Officer of Jasmy, has confirmed that the project’s roadmap for 2024 will be unveiled this Saturday, March 23rd. Furthermore, Hara hinted at a significant business partnership that will be revealed shortly after the roadmap’s publication.

It’s important to note that while the price surge and the upcoming announcements have generated excitement within the JASMY community, investors should exercise caution and conduct thorough research before making any investment decisions. Cryptocurrencies are known for their volatility, and previous performance does not guarantee future results.

As the market eagerly awaits the roadmap and partnership details, all eyes will be on whether JASMY can maintain its momentum and close above the $0.02 level, potentially triggering a broader bullish reversal. However, investors should remain vigilant and manage their risk accordingly, as the cryptocurrency market is known for its unpredictability.

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Felix Küster
Felix Küster

Felix Kuester works as an analyst and content manager for Captainaltcoin and specializes in chart analysis and blockchain technology. He is also actively involved in the crypto community - both online as a central contact in the Facebook and Telegram channel of Captainaltcoin and offline as an interviewer he always maintains an ongoing interaction with startups, developers and visionaries. The physicist has couple of years of professional experience as project manager and technological consultant. Felix has for many years been enthusiastic not only about the technological dimension of crypto currencies, but also about the socio-economic vision behind them.