Jasmy Price
Jasmy Sheds 20% Amid Bitcoin Sell-Off
Published
3 days agoon
By
admin![](https://blocknewsmedia.com/wp-content/uploads/2024/07/WhatsApp-Image-2024-07-05-at-08.25.06-1.jpeg)
JasmyCoin Price Analysis: Jasmy price is down 20.6% following the ongoing market bleeding on account of the Bitcoin sell-off. The price of JASMY hovered around $0.019 during European business hours on Friday, a 36% crash in the last 7 days. Nevertheless, crypto enthusiasts remain hopeful, calling this the last pullback before the main bull run. Are they correct?
JasmyCoin Price Analysis Hints at Further Downside to $0.015
JASMY’s price had a good run following the misconstrued news of its partnership with Apple. After the hype, the sell-off began, and unfortunately for JasmyCoin, the sell-off has been further exacerbated by the current Bitcoin downturn. Bitcoin’s current market dominance of 51.8% means its price volatility affects the majority of the altcoins in the market.
The price of JASMY is surprisingly still trending above the 200-day simple moving average (SMA), despite the heavy drop in value. This indicator may provide some support around $0.02 but if Bitcoin continues to bleed, JASMY’s price may fall lower and find further support around $0.015
If JASMY bulls decide to push the price higher from this level, the asset may increase by 42% back to around $0.028, which coincides with the 0.618 Fibonacci retracement level.
The JASMY 14-day relative strength index (RSI) is at 30—almost breaking into the oversold area. This means market participants can expect heightened selling momentum over the weekend before a reversal.
Crypto Analysts Maintain Bullish Stance on JasmyCoin Price
Despite the flailing price, crypto market analysts have maintained a bullish outlook on the price of JAMSY. JasmyCoin’s bullish prospects include its role in the Internet of Things (IoT) sector, potential technological adoption, and positive market sentiment.
$JASMY (JasmyCoin)’s price made an over +1,180% move since the attached analysis, from ≈$0.003125 to $0.040115, and “The Path to $2.90+” REMAINS 💥!
This particular technical setup can imply another near 71X (Over +7,000%) and the process looks more than underway.
“First they… https://t.co/7Vkm4x1LAq pic.twitter.com/H1izdFD7wZ
— JAVON⚡️MARKS (@JavonTM1) June 3, 2024
Javon Marks, a crypto analyst on X (formerly Twitter), predicted a 15X move from JASMY on its path to $2.9. This analysis was an update of another he did in October 2023, citing that nothing has changed.
Zooming out to the larger bull channel on the weekly. True test coming at mid channel support. It held back in April/May. Let’s see if history repeats 🙈⛽ $JASMY pic.twitter.com/rBlmfWRuIL
— 𝒯𝒽𝑒 𝒞𝒶𝓃𝒹𝓁𝑒 𝒲𝒾𝒸𝓀🕯️ (@Fresh_Fontana) July 4, 2024
The Candle Wick, another crypto analyst, predicts a JASMY price may bounce off the midline of an ascending channel, as it did back in April.
While these analyses remain bullish, the possibility of further downside is palpable, as everything depends on BTC’s next move. Bitcoin price prediction indicates a potential downside over the weekend to the $50,000 area before a bounce back up. This may affect JASMY’s price negatively.
Bottom Line
JasmyCoin’s value plummeted 20% in the wake of a broader Bitcoin sell-off, indicating the ripple effect that major cryptos can have on smaller altcoins. This sharp decline shows how interconnected the digital assets in the crypto market are.
Related Articles
Evans Karanja is a content writer and scriptwriter with a focus on crypto, blockchain, and video gaming. He has worked with various startups in the past, helping them create engaging and high-quality content that captures the essence of their brand. Evans is also an avid crypto trader and investor, and he believes that blockchain will revolutionize many industries in the years to come. When he is not writing, you can find him playing video games or chasing waterfalls.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
Source link
You may like
The German Government Is Selling More Bitcoin – $28 Million Moves to Exchanges
BC.GAME Announces the Partnership with Leicester City and New $BC Token!
Justin Sun Says TRON Team Designing New Gas-Free Stablecoin Transfer Solution
Mt. Gox is a ‘thorn in Bitcoin’s side,’ analyst says
XRP Eyes Recovery Amid Massive Accumulation, What’s Next?
Germany Moves Another $28 Million in Bitcoin to Bitstamp, Coinbase
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/germany-80x80.jpg)
The German Government Is Selling More Bitcoin – $28 Million Moves to Exchanges
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/btcsmall-1-1-80x45.png)
BC.GAME Announces the Partnership with Leicester City and New $BC Token!
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/From-Stablecoin-Issuer-Giant-80x80.jpg)
Justin Sun Says TRON Team Designing New Gas-Free Stablecoin Transfer Solution
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-Mt-Gox-announced-the-start-of-payments-option03.webp-80x80.webp)
Mt. Gox is a ‘thorn in Bitcoin’s side,’ analyst says
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/XRP-Will-Hit-1-80x80.jpg)
XRP Eyes Recovery Amid Massive Accumulation, What’s Next?
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/germany-bitcoin-gID_7-80x80.jpg)
Germany Moves Another $28 Million in Bitcoin to Bitstamp, Coinbase
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/japan-80x80.jpg)
'Asia's MicroStrategy' Metaplanet Buys Another ¥400 Million Worth of Bitcoin
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-trading-chart-front-side-view-Exchange-building-background-bright-neon-colors-option09.webp-80x80.webp)
BlackRock’s BUIDL adds over $5m in a week despite market turbulence
![](https://blocknewsmedia.com/wp-content/uploads/2024/06/binance3-80x80.jpg)
Binance To Delist All Spot Pairs Of These Major Crypto
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/TUYCJ3CEPJGIJNZROV22QP4URQ-80x80.jpg)
German Government Sill Holds 39,826 BTC, Blockchain Data Show
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-mining-equipment-option02.webp-80x80.webp)
HIVE Digital stock rallies over 9% as Bitcoin miner bolsters crypto reserves to 2.5k BTC
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/pepe_price2_720-80x80.jpg)
Pepe Price Analysis Reveals Bullish Strength As Bitcoin Plummets
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-Taiwan03.webp-80x80.webp)
Taiwan is not in a CBDC rush as central bank lacks timetable
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/SHIBA-Inu-Price-80x80.jpg)
Will SHIB Price Reclaim $0.00003 Mark By July End?
![](https://blocknewsmedia.com/wp-content/uploads/2024/07/crypto-news-The-power-of-play-option03.webp-80x80.webp)
The power of play: Web2 games need web3 stickiness
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/1656437120_shutterstock_1736086877-80x80.jpg)
Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/07/coinbase-shutterstock_1866715066-80x80.jpg)
What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs
BNM DAO Token Airdrop
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/btcsmall-1-1-80x45.png)
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
![](https://blocknewsmedia.com/wp-content/uploads/2023/03/ETH-NFT-shutterstock_1944183022-80x80.jpg)
NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs
New Minting Services
![](https://blocknewsmedia.com/wp-content/uploads/2022/10/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/SEC-shutterstock_1625495629-80x80.jpg)
SEC’s Chairman Gensler Takes Aggressive Stance on Tokens – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/08/Green-mining-Shutterstock_1981391501-80x80.jpg)
Friends or Enemies? – Blockchain News, Opinion, TV and Jobs
![](https://blocknewsmedia.com/wp-content/uploads/2022/06/0BK4KOQfADYNvpEKU-80x80.png)
Enjoy frictionless crypto purchases with Apple Pay and Google Pay | by Jim | @blockchain | Jun, 2022
![](https://blocknewsmedia.com/wp-content/uploads/2023/09/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy8zZmE3ZTQzYzVmNTkwYTA0ZDA1MWZlY2EwZGY4YjA2OS5qcGc-80x80.jpg)
How Web3 can prevent Hollywood strikes
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2022/07/1657766796_maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2023/02/maxresdefault_live-80x80.jpg)
Block News Media Live Stream
![](https://blocknewsmedia.com/wp-content/uploads/2023/07/iStock-1349331161-80x80.jpg)
XRP Explodes With 1,300% Surge In Trading Volume As crypto Exchanges Jump On Board
Trending
- Altcoins2 years ago
Bitcoin Dropped Below 2017 All-Time-High but Could Sellers be Getting Exhausted? – Blockchain News, Opinion, TV and Jobs
- Binance2 years ago
What does the Coinbase Premium Gap Tell us about Investor Activity? – Blockchain News, Opinion, TV and Jobs
- Uncategorized3 years ago
BNM DAO Token Airdrop
- Bitcoin miners2 years ago
A String of 200 ‘Sleeping Bitcoins’ From 2010 Worth $4.27 Million Moved on Friday
- BTC1 year ago
NFT Sector Keeps Developing – Number of Unique Ethereum NFT Traders Surged 276% in 2022 – Blockchain News, Opinion, TV and Jobs
- Uncategorized3 years ago
New Minting Services
- Video2 years ago
Block News Media Live Stream
- Bitcoin1 year ago
SEC’s Chairman Gensler Takes Aggressive Stance on Tokens – Blockchain News, Opinion, TV and Jobs
✓ Share: