The post JasmyCoin defies broader crypto market as price surges 12% appeared on BitcoinEthereumNews.com.

JasmyCoin surges 12% as price defies broader crypto market JASMY could flip to $0.04 if bulls hold above key support level JasmyCoin (JASMY), the native token of a Japan-based cryptocurrency project for decentralized data, has witnessed a significant price increase as most top altcoins mirror Bitcoin’s consolidation in the past month. On June 23, JASMY price was up 12% – more than any other token in the top 100 by market cap. As BTC and ETH hovered around the $64k and $3.5k price levels respectively, JasmyCoin was trading above $0.033, seeing a notable surge in daily volume and one of the top trending crypto tokens in the market. JASMY price – what happened? While JasmyCoin remains nearly 7% down in the past week, the past 24-hour gains have helped stem recent rot that saw JASMY fall to around $0.027. The declines had accelerated once JASMY retreated from above $0.044 in early June, with a breakdown to $0.030 coinciding with Bitcoin’s sharp descent this month. As the crypto market struggled with sell-off pressure amid macroeconomic events and miner selling, JASMY broke below a technical support area to reach lows of $0.027 on June 21. Today’s upside is a continuation of the bullish flip over the past two days. According to CoinGecko data, this cryptocurrency has recorded a decent 24% uptick in 24-hour trading volume, currently at over $200 million. On the previous day, volume reached $176 million as price moved from near $0.029 to $0.032. Read more: Jasmy unveils major partnership with Panasonic JasmyCoin chart The technical picture for JasmyCoin suggests a slightly upper hand for bulls. As shown above, the Moving Average Convergence Divergence (MACD) and Relative Strength Index (RSI) on the 4-hour chart both offer this advantage. The chart also shows JASMY is nicely poised despite the retreat from…

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Filed under: News - @ June 23, 2024 11:28 am