Is JasmyCoin (JASMY) Price Preparing for a Move Toward Previous Highs? Key Levels to Watch

The price of JASMY has jumped 32% over the past day, making it one of today's top performers in the crypto market. At publication, JasmyCoin sits at $0.03113.

The price of JasmyCoin (JASMY) has surged by 32% over the past day, making it one of today’s top performers in the crypto market. At publication, JASMY trades at $0.03113. This substantial price increase comes hand-in-hand with a surge in trading activity, with JASMY’s trading volume soaring by over 280%, placing it among the top movers on Coinbase.

JASMY’s price has been holding steady in an important support area, which matches what traders would call the “right shoulder” of a head-and-shoulders pattern – something that often signals a price could turn upward.

Key support zones are providing stability in case of downward price movement, and the overall trend is showing higher lows, with bullish divergence indicators suggesting that the token may be poised for continued upward movement. Resistance remains at the previous market high (PMH), a level that must be breached to confirm a sustained bullish trend.

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This price increase is also being fueled by the token’s inclusion in Coinbase's "Top Mover" list, which has brought heightened visibility and volume to JASMY. As the analyst also notes, this volume push could propel JASMY’s price to $0.04 in the short term.

$JASMY just broke into the #coinbase TOP MOVER list demonstrating the beginning of the volume push necessary to reach .04 short term !!! 🚀📈🧡 pic.twitter.com/m0vmq8oQND

The heightened trading activity also points toward the growing interest in JasmyCoin, as the dynamics of supply and demand come into play. Analysts have attributed the price increase to declining exchange flows, which limit supply and drive up demand.

The more the JasmyCoin exchange flows drop into the exchanges the more the price is BOUND to go up due to offer and demand economics. 🔥🎯💯👽📈I hope you are emptying your pockets with everything you got and developing a plan to keep putting cash flow into $Jasmy #Jasmy30-50x here!!! ALTCOIN… pic.twitter.com/afhAfZgz7J

Several factors are also contributing to the bullish sentiment around JasmyCoin. One key catalyst is speculation, fueled by an analysis from a industry expert, regarding a potential collaboration between JasmyCoin and Apple.

$JASMY potential Apple collaboration could be the next major catalyst to send this skyrocketing.

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This collaboration, if realized, would likely drive further interest and demand in the token.

JASMY’s price trajectory and bullish market structure make it highly likely that the token will continue to see more growth. As JASMY’s price sits at key support levels and بازار activity continues to increase, traders will be watching closely to see if the token can break above the PMH and maintain its momentum. As the market awaits further developments, all eyes are on JASMY’s next moves.

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