$JASMY / USDT analysis on 1d
š **Price Evolution and Trend Analysis**
The price of $JASMY has shown significant fluctuations, with a recent closing price of $0.01614. The current trend appears to be moderately bullish, reflected by the bullish cross of price over both the 100 SMA and EMA. However, the RSI is at 68.77, indicating overbought conditions, which might signal a potential pullback.
š **Trend Strength and Factors Influencing Movement**
With the StochRSI being extremely high (K at 98.1 and D at 97.07) and the ADX at 19.41, the trend strength is questionable. Although a bullish signal from the Chikou Span and SuperTrend suggests continuation, caution is advised as overbought conditions may lead to a reversive correction.
š **Support and Resistance Levels**
The immediate support level is at the BB Low ($0.01119) while resistance is noted at the trendline ($0.01972). Trading below recent highs may test these support levels.
šÆ **Price Target and Stop-Loss Recommendation**
Given the current dynamics, a price target of $0.01850 (near the trendline resistance) seems achievable if bullish momentum builds. A prudent stop-loss at $0.01550 ensures limited risk in case of a downward reversal.
This content is generated by AI and does not constitute investment advice.
Do your own research before investing in any asset, and only invest what you can afford to lose.
