The price of JASMYCOIN (JASMY) over the past seven days has increased by 14%, and its market capitalization is approaching $ 1.6 billion. The recent rally was caused by many gold crosses, signaling a strong bull impulse, while the cloud installation of Ichimoku remains positive.
Nevertheless, BBTREND has become negative, assuming that sales pressure can increase in the near future. Regardless of whether Jasmi continues his surge or face to face, the refusal will depend on how she reacts to key levels of resistance and support in the coming days.
JASMY BBTREND is now negative, compared to 6.37 yesterday
JASMY BBTREND is currently -4.36, sharply falls from 6.37 in total day ago.
This rapid decline indicates a significant shift in the pulse, which suggests that the bear’s pressure has increased over the past few hours.
BBTREND is an indicator of the trend strength obtained from the lanes of the Bolinger, which measures the price pulse regarding its volatility. A positive BBTREND indicates a bull impulse, while a negative indicator involves an increase in bear pressure.
Since Jasmy BBTREND will become more negative, this signals that sellers receive control, which can lead to a further reduction in prices, unless the purchase of pressure increases.
The cloud of Jasmi Ichimoku shows bull setting
ICHIMOKU cloud diagram for JASMI shows a strong bull breakthrough, and the price moves much higher than the cloud (kumo). Tenkan-Sen (Blue Line) is also higher than Kijun-Sen (red line), enhancing the short-term bullish impulse.
The flight of Chikou (the line of green lag) is much higher than the previous price action, confirming that this trend has a strong increase. Nevertheless, the future cloud is still red, which means that any resistance may arise if the price retreats.
Despite this strong step, the price has currently consolidated after its breakthrough, and Tenkan-Sen acts as short-term support. If the price remains above the cloud, the bull trend may continue, but the transition back to the cloud may indicate a period of consolidation or impulse weakening.
Ahead, the cloud becomes green, assuming that if buyers maintain control, this trend may remain untouched. The next few candles will be crucial when determining whether Jasmi continues its ascending trajectory or faces correction.
Jasmy price forecasting: will surge?
The jasmy chart shows its EMA lines formed by several gold crosses over the past few days, signaling a strong bull pulse. Soon, another golden cross may form, which can push Jasmi to the next resistance at 0.036 US dollars.
If this level is broken, the further potential potential can lead to jasmy to $ 0.041, enhancing its bull tendency, especially if the narrative around the depin is restored by a good impetus.
Nevertheless, BBTrend suggests that this trend may be at risk of reverse. If the sales pressure increases, Altcoin can check support at 0.031 US dollars, and if this level fails, up to $ 0.029 may follow.
A stronger descending trend can increase the price of to $ 0.025, which makes the following movements critical to determine whether the bull tendency can continue.
