Breaking Above the Downside Trending Line
– Jasmy Coin has broken above its daily downside trending line, which now serves as a support line
Source: TradingView
Challenges Before a Bull Run
– Jasmy Coin is expected to correct and test the breakout before a potential bull run
– The 99-day Moving Average at $0.00429 is a significant resistance level to overcome
Jasmy Coin Price Prediction for 2023 and 2024
– The double top at $0.008364 and $0.007967 presents a major challenge
– A downturn in Bitcoin could hinder Jasmy Coin’s upward momentum
Source: TradingView
– Current market dynamics and technical indicators suggest cautious optimism for Jasmy Coin’s price trajectory
– The recent break above the downside trending line and the potential to overcome the 99-day Moving Average resistance may lead to further gains
Open Interest in Binance Futures
– Open Interest in Jasmy Coin on Binance Futures is approximately $10.35M
– The long/short ratio of 2.33 indicates a predominance of long traders
About Jasmy Coin
– Jasmy Coin focuses on facilitating data exchange between service providers and users through IoT and blockchain technology
Conclusion
– Jasmy Coin’s price movements and market dynamics show potential for growth
– Bitcoin’s price and other market indicators should be closely monitored
– A measured approach is suggested, with the potential for substantial gains if resistance levels are breached
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