Key Takeaways
So, JASMY is up against a rather posh resistance at $0.01786. Apparently, to keep the party going, it needs to strut past $0.02139—complete with a flashy volume confirmation. Don’t you just love a good old-fashioned challenge?
In a surprising plot twist, JasmyCoin [JASMY] has rallied like a contestant on a game show, with a 16% upswing in the last 24 hours. Yes, that’s right! That brings its total gains for the past 30 days to a sparkling 41%. It’s practically a Cinderella story—if Cinderella were an altcoin! 🥳
Although overall market vibes are like a sunlit picnic—check out that rising trading activity and buying momentum—JASMY still has to navigate some serious hurdles ahead. Think of it as an obstacle course, but with fewer clowns. 🎪
Key breakout, but resistance looms
JASMY’s recent breakout is looking spiffier than your best friend’s new outfit, having managed to squeeze through the upper resistance of a descending channel. Bravo! 👏
But hold your horses! Historical chart structure hints that the next much-anticipated goal post rests near $0.02139. However, the daily chart reveals a slightly less exhilarating detail: price rejection right around the $0.01786 hot zone. It’s like getting ghosted by your date before dessert. 🍰
A tight glimpse indicates that sell orders are swirling like a teenager’s mixed signals in that zone—serving up a cheeky little pullback. But fret not, this rejection is not an official farewell; merely, JASMY needs to shake things up a bit and power through the $0.01786 barrier if it wants to kick off a full bullish trend. 🎉
What do the indicators say?
Ah, the indicators, the ever-conflicted friends! 🙄
The Moving Average Ribbon is acting like that overly cautious pal who insists things aren’t that bad, revealing the 100-day and 200-day MAs still preening above the 20-day and 50-day MAs, suggesting that the broader trend isn’t fully onboard with the recent gains.
Then comes the MACD, strutting in like an overconfident friend at the bar, hinting at robust momentum as the MACD line (blue) overshadows the signal line (orange). Just picture them yelling, “We’re on a roll!” 🎊 But still, in the pursuit of a more solid bullish signal, those lower MAs (20 and 50) have a bit of climbing to do.
Additional confluence in the market
The derivatives market seems to be in on the optimism, welcoming more long contracts than shorts and waving that flag of overall bullish sentiment. Yay! 🎈
JASMY’s Open Interest Weighted Funding Rate is sitting pretty at 0.0141%, per CoinGlass. When the Funding Rate is consistently positive, it’s like a pep rally for buyers—woohoo! 🎉
They’re feeling braver than a cat in a room full of rocking chairs, and sustained readings above zero usually signal an increasing bullish confidence. 🐱
On-chain activity reflects bullish sentiment
And if that weren’t enough, on-chain activity jumped in like it just found out the party isn’t over yet. 🕺
In the last 24 hours, both Transaction Count and Unique Addresses have had notable spikes, and according to Etherscan, it’s enough to make any crypto enthusiast swoon.
As of now, these sparkling metrics have hit 349 and 238, respectively, showcasing that on-chain engagement is on the rise. If this kind of enthusiasm keeps up, JASMY could definitely be gearing up for a price rally worthy of a summery romance. 💖
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2025-07-15 02:19