$JASMY
$JASMY /USDT Analysis: Consolidation or Next Leg Up? 🚀
Technical Breakdown (1H Chart):
JASMY has shown a strong bullish move recently, hitting a 24h high of 0.00950. Currently, the price is undergoing a healthy correction and is trading around 0.00902.
Key Indicators:
Bollinger Bands: Price is currently testing the Middle Band (0.00887). Staying above this level is crucial for maintaining the bullish momentum.
RSI (Relative Strength Index): Sitting at 53.14, indicating a neutral zone. There is plenty of room for upward movement without being "overbought."
MACD: We see a slight decrease in bullish volume on the histogram, suggesting a short-term consolidation phase before the next potential move.
Support & Resistance: * Immediate Support: 0.00887
Key Resistance: 0.00943 - 0.00950
Trading Strategy:
If JASMY holds the 0.00887 support level, we could see a retest of the 0.00950 zone. However, a break below the support might lead to a retest of the 0.00855 area.
Safe traders should keep an eye on volume confirmation before entering.
What do you think? Is JASMY ready for 0.01 soon? Let me know in the comments! 👇
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