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Could JASMY Reach $1 in the Next Weeks as Crypto Market Turns Bullish?
JasmyCoin price has increased recently, hitting $0.0388 on Monday, up 18.5% from Friday’s low. Will it reach $1 this July, nearly 400% from its all-time high of $4.99?
Today we review JasmyCoin and provide a detailed technical analysis update. We will look at market capitalizations, potential future prices and strategic buying opportunities for investors.
First, the article examines the bullish market structure of JasmyCoin, highlighting confirmed higher highs and confirmed higher lows. It also warns investors about possible pullbacks, highlighting the recent 12% decline.
JasmyCoin (JASMY)
JasmyCoin (JASMY), a cryptocurrency project dedicated to data privacy and the Internet of Things, has seen a significant price increase of more than 50% over the past 30 days. This surge can be attributed to the growing adoption and interest in JASMY’s innovative data blocking technology.
In late May, JasmyCoin partnered with Japanese electronics giant Panasonic to integrate its data storage into Panasonic’s smart home devices and appliances. This collaboration allowed users to securely store and monetize their personal data generated by Panasonic’s IoT products, increasing the value of JASMY.
Additionally, unconfirmed rumors suggest that JasmyCoin may explore integration with major smartphone manufacturers to include data lockers as a default feature. If this happened, it could greatly expand JASMY’s user base and usefulness.
🚨🚨JASMY x APPLE iPhone🚨🚨
JASMY and Apple in partnership as Japan’s My Number Card feature comes to iPhones next spring
🔸Japan announces the installation of the My Number Card function on iPhones next spring.
🔸This will bring JasmyCoin technology to Apple products.… pic.twitter.com/nT3zm6hZ18
— JA$MY.AI (@heysamulkim) May 30, 2024
Despite being a relatively small market cap project, JASMY’s focus on data privacy appeals to growing concerns about big tech companies exploiting user data.
JASMY price analysis and price prediction
When evaluating any cryptocurrency, it is crucial to evaluate its market structure. For JASMY, recent price movements show a bullish trend, with higher lows confirmed since December. This indicates significant price swings, which reached a high of $0.0336 a week ago.
A key point is the importance of previous higher lows, particularly around $0.03081. If JasmyCoin fell to this level, which would mean a 50% pullback, it would still maintain its uptrend on a larger scale.
Investors should be cautious given significant gains of up to 174% between these lows before a 9% correction. Historical support levels are valuable for analyzing potential entry points.
Currently around $0.0311, JASMY is approaching a crucial support line that often triggers rebounds. Testing this support could lead to an initial 5-10% move higher, with the potential for further growth. For those looking to buy on dips, the area around $0.03 represents a strong opportunity, supported by previous examples of support and resistance.
Considering the dynamics of JASMY’s market capitalization, despite its current price of around $0.03, the highest market capitalization of all time was $2 billion. This reflects an increase in circulating supply, meaning that to reach similar price levels would require the market capitalization to grow to around $10 billion.
While optimism for JASMY is high, especially with its bullish market structure and strategic buying opportunities, investors should have realistic expectations. Reaching previous price peaks like $0.0336 would require substantial market cap growth due to supply expansion.
A more realistic target for the near future is around 6-7 times the current price. Analysts say JASMY could reach $0.056 this month if the positive trend continues.
If you want to explore other investment opportunities, check out our guide to the best cryptocurrency presales Here.