Like many other coins, Jasmy saw a major correction in the past months and dropped to a year-low. It found solid ground and recovered above $0.01. After a short break, it is showing signs of strength again daily. After months of wide correction, Jasmy located support at $0.0082 earlier this month and marked the above price as its lowest trading level in a year. Luckily, the level bolstered, and the price increased daily until it reached a high of $0.0178, posting a 100% gain within a week. This led to a notable break above a falling descending trendline, serving as resistance for four months. Unfortunately, the buying stopped due to a rejection, and the price fell. That triggered a slight pullback, but the broken trendline provided support, and the price climbed back yesterday. It appears strong today amid rising demand. A surge above last week’s high should set the stage for more gains in the coming days. While the mid-term outlook is still considered bearish, selling pressure may return if the price falls back under the falling trendline. However, it is important to note that its trading landscape has technically changed as the crypto bias turns bullish on the daily chart. Looking at the latest price actions, it may rally into the $0.03 level anytime soon. JASMY Key Level To Watch Source: Tradingview In a fresh surge, Jasmy is trying to reclaim the $0.0178 resistance level, rejected last week. Surpassing this resistance could rally the price to the $0.025 level and potentially $0.035 in the future. The $0.0134 level is currently supporting the latest surge. If it fails to hold well, it may navigate the key $0.01 level for support, along with the yearly $0.0082 low. Key Resistance Levels: $0.0178, $0.025, $0.035 Key Support Levels: $0.0131, $0.01, $0.0082 Spot Price: $0.0153 Trend: Bullish Volatility: Low Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news !
