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Jasmy Coin Price Forecast 2023: Opportunities, Risks, and Predictions for a Bull Market

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

Image source: Shutterstock

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