JasmyCoin (JASMY) Price Prediction: JASMY Continues Its Downward Movement as the Coin Keeps Eyeing the Support Zone

The JasmyCoin price prediction shows that JASMY continues its downward movement as the coin keeps eyeing the support zone.

The JasmyCoin price prediction shows that JASMY continues its downward movement as the coin keeps eyeing the support zone.

JasmyCoin Price Prediction Data:

Key Levels:

Resistance levels: $0.020, $00.022, $0.024

Support levels: $0.005, $0.003, $0.001

JASMY/USD remains locked in a downtrend, trading within a descending channel and currently priced at $0.0127. The price is struggling below both the 9-day MA ($0.0132) and the 21-day MA ($0.0142), reinforcing the dominance of bearish momentum.

After repeated failures to sustain gains above these moving averages, sellers appear to be exerting more control. If the bearish pressure intensifies, the price may soon challenge lower support levels at $0.005, and if broken, further downside could extend toward $0.003 or even $0.001 respectively.

If JASMY manages to break out of the descending channel and rises above the 9-day and 21-day MAs, this could indicate a potential shift in momentum. However, for any bullish reversal to gain traction, the price must encounter significant demand, which could materialize as it approaches the lower boundary of the channel.

To shift the balance in favor of buyers, a decisive move above the MA line is crucial. A sustained move above these levels, ideally accompanied by an increase in trading volume, would be needed to break out of the long-term downtrend and target resistance levels at $0.020, $0.022, and $0.024.

If JASMY fails to gather enough buying pressure, the downward trajectory could continue, leading to extended consolidation or further breakdowns. Traders should closely monitor price action around the $0.010 support level, as a breach could accelerate losses toward lower demand zones.

On the other hand, an increase in buyer activity and a break above key resistance levels would indicate a shift in sentiment, potentially signaling the beginning of a new uptrend. However, such a move would require significant volume and sustained bullish momentum to break out of the long-term downtrend.

JASMY/BTC continues to face persistent downtrend pressure, trading within a descending channel and currently priced at 1440 SAT. The price is struggling below both the 9-day MA (1565 SAT) and the 21-day MA (1676 SAT), indicating that bearish momentum is still in control.

The failure to break above these moving averages suggests that sellers are managing to limit any potential recovery attempts. However, if the bears tire and the bulls manage to push the price above the 9-day MA, this could set the stage for a trend reversal.

If this trend continues, JASMY could retest its immediate support at 500 SAT, which marks a critical level for potential buyers to intervene and attempt to stall the decline. A breakdown below this level could lead to further downside pressure, potentially extending losses deeper into uncharted bearish territory.

On the other hand, if JASMY finds enough buying pressure, it could attempt to rebound toward the 9-day and 21-day MAs. However, a successful breakout above these levels is necessary for any bullish momentum to take shape.

If buyers manage to push JASMY above 2400 SAT, the market could witness a trend reversal, targeting higher resistance levels. Until such a breakout occurs, the bearish structure remains intact, and traders should watch for potential accumulation zones before expecting any significant recovery.

Crypto analyst @ja1405_ja tells his 24K followers on X that he is accumulating more $JASMY, expecting a significant price surge once the Binance delisting vote concludes and the token exits the monitoring zone. He believes the only regret investors may have is not buying more, with his price target being 30c – $1 during this bull run. Time will tell! ⏰📈

I'm accumulating more $JASMY and I believe we'll see a significant price increase after the #Binance vote to delist concludes and we're removed from the monitoring zone.

The only regret you'll have is not buying more. My target is 30c – $1 this bull run. Time will tell