JasmyCoin （JASMY） has shown bullish momentum following a recent price plunge. This article analyzes the potential for further price increases and key technical indicators.
Points
- JASMY shows bullish presence after price plunge.
- Supported by the 200-day EMA band.
- Ranked 62nd among top global cryptocurrencies.
- Significant growth in trading volume and market cap.
After a recent price plunge, JasmyCoin （JASMY） has demonstrated a bullish presence this week, closely mirroring Bitcoin’s price activity. The JASMY price took support at the dynamic support of the 200-day EMA band, indicating that its long-term bullish trend remains intact.
JASMY is currently ranked 62nd among the top 100 global cryptocurrencies, witnessing nearly a 4% increase in price and market cap, alongside a 22% surge in trading volume over the past 24 hours. The liquidity of Jasmy stands at 7.65%, indicating moderate market stability, with 98.60% of the total supply circulating in the market.
The derivatives data showcases significant growth, with a 52.23% increase in volume, amounting to $125.28 million. This growth suggests heightened interest and participation in JASMY trading. Additionally, the Onchain data reveals that 66.79% of JASMY holders are in profit, reflecting strong market sentiment.
解説
- Bullish Momentum: JASMY’s price rebound after taking support at the 200-day EMA band indicates a continuation of its long-term bullish trend.
- Market Ranking: Ranked 62nd among global cryptocurrencies, JASMY shows significant growth in trading volume and market cap.
- Liquidity and Circulation: With 98.60% of the total supply circulating, JASMY demonstrates moderate market stability.
- Derivatives Data: A substantial increase in derivatives volume highlights growing interest and participation in JASMY trading.
- Onchain Data: A majority of JASMY holders are in profit, reflecting strong market sentiment and potential for further price increases.