The last 24 hours have brought renewed optimism for JasmyCoin (JASMY) holders as the token makes a modest but steady comeback. After a volatile start to the month, the token has dropped by 2.97%, trading around $0.0126 after bouncing off a strong support level near $0.0118. The move comes as traders watch for a potential rebound from an ascending channel that has defined JASMY’s short-term trend.
JASMY Price Action: Stability Within the Ascending Channel
On the 4-hour chart, JasmyCoin continues to trade inside an ascending channel, signaling gradual bullish recovery despite intermittent pullbacks. The lower boundary of this channel, which aligns with the $0.0118–$0.0120 range, has served as a reliable demand zone over the past week.
The price currently hovers around $0.0126, slightly below the 20 EMA ($0.01284) and 50 EMA ($0.01286), a region that represents short-term resistance. Above that, the 100 EMA ($0.01299) and 200 EMA ($0.01345) act as crucial resistance barriers. For now, JASMY’s ability to remain above the lower trendline indicates that buyers are actively defending the structure.
A successful breakout above the 50 EMA could push the price toward $0.0132 and potentially $0.0135, marking a 7% upside from the current level. However, failure to sustain above the 20 EMA could invite renewed selling pressure back to $0.01186, the line separating short-term consolidation from deeper correction.
Related article: JasmyCoin 24 Hours Price Analysis: JASMY Targets $0.014 as Bulls Defend Key Support and Signal Reversal
EMA Cluster Suggests Potential Volatility Surge
The convergence of the 20, 50, 100, and 200 EMAs signals that the market is in a phase of compression. Historically, such clustering precedes a strong directional breakout, often accompanied by a spike in trading volume.
If momentum builds above the $0.01345 (200 EMA) mark, bulls could aim for the upper boundary of the channel near $0.0140–$0.0145, representing a 12% potential upside. On the contrary, a decisive drop below $0.0118 may trigger a move toward $0.0110, where the next liquidity zone sits.
RSI Indicator: Bearish but Showing Early Signs of Recovery
The RSI Divergence (5,14) reads -3.97, signaling mild bearish momentum but also room for a reversal. The RSI’s proximity to the oversold region suggests that selling pressure is easing, and a potential recovery could form if bulls push momentum back above the neutral 50 mark.
Any bullish RSI divergence near the $0.0120 area would likely strengthen confidence in a rebound, especially if supported by rising volume and consecutive green candles.
Key Support and Resistance Levels
- Immediate Support: $0.01186 – $0.01200
- Immediate Resistance: $0.01286 (EMA cluster)
- Major Breakout Level: $0.01345 (200 EMA)
- Bullish Target: $0.01400 – $0.01450
- Bearish Invalidity Zone: Below $0.0118
These levels remain critical for traders monitoring intraday volatility. Sustained consolidation above $0.0125 would increase bullish conviction, while a dip below $0.0118 could shift market sentiment back to neutral or bearish.
Conclusion: JasmyCoin Eyes a 7–12% Upside If Bulls Hold $0.012 Support
In summary, JasmyCoin (JASMY) continues to show resilience as it maintains its ascending channel structure. The recent 2.97% downtrend reflects a renewed buying opportunity after the asset rebounded from its $0.0118 support zone.
With EMAs converging and the RSI nearing recovery territory, JASMY’s next 24 hours may define whether it can break toward $0.0135–$0.0140 or revisit the lower support range. For now, traders are advised to watch the $0.0128–$0.0135 corridor closely, a zone likely to determine the token’s next major move.
