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- 1 JasmyCoin is trading above the key moving averages, showcasing bullishness on the daily chart.
- 2 JASMY has demonstrated solid growth in recent times, surging by almost 51% in the last 7 days.
- 3 The cryptocurrency is currently hovering in the overbought zone, per the RSI indicator.
JasmyCoin is making a buzz in the market and gathering everyone’s attention with its robust performance. At press time, the coin is trading in a bullish zone above the key moving averages. Indicators are supporting the coin’s bullish momentum.
JasmyCoin Social Metrics are Spiked
JASMY crypto social Dominance and social volume took a solid spike in recent times, showcasing the increasing popularity of the cryptocurrency
According to the social dominance and social volume Santiment chart, the popularity has been increasing for the last few months. It positively impacted the price.
Furthermore, the future momentum of the JASMY price may depend upon the change in its social dominance and volume dominance. If the social metrics continue to spike, the price will have a positive impact.
JASMY Price is in the Bullish Zone On the Technical Chart
On the technical charts, JASMY crypto is trading in the bullish zone above the essential exponential EMA levels. Meanwhile, the crypto showcased a robust performance throughout the year as the price grew by 495.27% year to date.
Additionally, the coin grew by 52.05% in a week, 93% in the last month, 84.38% in the previous 3 months, and 549.47% in the last 6 months, indicating the buying momentum.
When writing, the JasmyCoin price is trading at $0.0388 with an intraday surge of 0.76%. The daily volume also surged by 35%, demonstrating high buying and selling activity in the coin.
JASMY crypto’s market cap stands at $1.93 Billion, and its volume-to-market cap ratio stands at 23.50%, signifying the coin has good liquidity.
At press time, JASMY had a Circulating supply of 49.3 Billion coins and a max supply of 50 Billion coins. Moreover, it has a fully diluted market cap of $1.96 Billion.
Decoding Indicators of the JasmyCoin Price
The JASMY crypto price is trading above the 20, 50, 100, and 200-day EMA levels, demonstrating bullishness. Moreover, the crypto is hovering in an overbought zone.
The RSI curve stands at 81.31 above the 14-day SMA curve in the bullish zone, which points to bullishness in the cryptocurrency price. The MACD curves also hover in the bullish territory, and green histograms in MACD define bullishness.
Conclusion
JasmyCoin is exhibiting a strong bullish trend, as evidenced by its performance above key moving averages and a significant 51% increase in value over the past week. The cryptocurrency’s social metrics have spiked, indicating a rise in popularity that could positively influence its price trajectory.
With the RSI indicator suggesting an overbought condition and the price trading well above the EMA levels, the technical analysis supports the ongoing bullish sentiment. The substantial year-to-date growth of 495.27% and consistent gains over various time frames underscore the market’s buying momentum. JasmyCoin’s liquidity is also highlighted by its market cap and volume-to-market cap ratio.
Disclaimer
The analysis given above is for informational and educational purposes only. You should not take it as financial, investment, or other advice. Investing in or trading crypto assets is risky. Please consider your circumstances and risk profile before making any investment decisions.
Adarsh Singh is a true connoisseur of Defi and Blockchain technologies, who left his job at a “Big 4” multinational finance firm to pursue crypto and NFT trading full-time. He has a strong background in finance, with MBA from a prestigious B-school. He delves deep into these innovative fields, unraveling their intricacies. Uncovering hidden gems, be it coins, tokens or NFTs, is his expertise. NFTs drive deep interest for him, and his creative analysis of NFTs opens up engaging narratives. He strives to bring decentralized digital assets accessible to the masses.
