jasmyanalysis

$JASMY /USDT Rebound or Downtrend Continuation? Key Levels to Watch! $JASMY is trading at $0.02535, reflecting a 7.82% drop in the last 24 hours. After hitting a low of $0.02395, the asset is attempting a minor recovery, signaling potential indecision in the market.


Key Levels:

Resistance: $0.02650 – A breakout here could drive momentum toward $0.02750.

Support: $0.02395 – Losing this level may trigger a decline toward $0.02250.

Indicators and Momentum:

RSI is at 51, indicating a neutral zone with no clear overbought or oversold signals.

Volume is steady but lacks strong confirmation for a decisive trend.

Trade Setup:

1. Long Entry: Above $0.02600 with targets at $0.02650 and $0.02750.

2. Short Entry: Below $0.02395 with targets at $0.02300 and $0.02250.

Risk Management: Consider placing stop-loss orders at $0.02500 to minimize downside risk.

#JASMYAnalysis

$JASMY if this indeed was the retest of the bearish breakdown and we are getting rejected off that level, we are indeed pretty far off the bulls here!

I think we see 0.024$ first in any case because of the corrections in other alts, more than 60-70% in some alts off the top so we need to be wary of that. $JASMY has corrected only 40%

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What's Next, JASMY?
$JASMY #jasmyanalysis
chart analysis. So, let's look closer at where we are and what JASMY's next move will probably be.
We had another amazing pump at the end of May/beginning of June, during which JASMY added another 100% and topped at the 0.045 level. More importantly, the token briefly broke through the resistance at 0.024 and even 0.037.
As expected, JASMY then entered a consolidation phase — which is absolutely necessary and healthy!! So far, JASMY corrected 30% based on the top.
If you zoom out, you can see that JASMY mirrors the March price performance. After the run-up, we had exactly the same correction of 30%. However, at that time, the consolidation took three months.
I don't expect a similar length this time. On a macro-level, I am convinced that the $ETH ETF approval will initiate a run for many altcoins. Additionally, we had a couple of positive news from SONY entering the crypto market, which can also positively influence JASMY.
Ultimately, I expect the following:
- Some more sideways consolidation is likely until the $ETH
ETH ETF launch.
- Re-test and break through the resistance at 0.037
- Pump towards 0.068 before entering a new consolidation phase.
Levels to watch:
- 0.024: This level should serve as strong support. A break below could initiate a dip towards 0.016 levels.
- 0.036 smaller resistance
- 0.068 target after a bullish breakout.

$JASMY can breakout above 0.0397$ short term!

This will easily be a 20-25% swing and we target anywhere between 0.046$ and 0.050$ off this breakout!

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