JASMY Price Up 14% as Golden Cross Fuels Bullish Momentum
Jasmine (JasmineJasmine) In the past seven days, the price has risen by 14 %, and its market value is close to 1.6 billion US dollars. The recent rally was promoted by multiple golden cross stands, marking a strong bullish momentum, and Ichimoku Cloud Setup is still positive.
However, BBTREND becomes negative, indicating that sales pressure may increase in the short term. Whether Jasmine continues to emerge or faced with a callback will depend on its response to key resistance and support level in the next few days.
Jasmy Bbtrend is now negative, lower than yesterday’s 6.37
Jasmine BBTREND is currently -4.36, a sharp decline in 6.37 a day ago.
This rapid decline indicates that the amount of momentum has changed significantly, indicating that the pressure of the drop has increased in the past few hours.
BBTREND is a trend strength index from the Bollinger band, which is relative to its price momentum volatility scope. The positive BBTREND shows the rise of the rise, and the negative reading indicates that the pressure of the drop is increased.
and Jasmine The negative impact of BBTREND is even greater, which shows that the seller is obtaining control. Unless the purchase pressure is increased, this may lead to further price decline.
Jasmine Ishimkuyun shows the settings of the bullish watch
The jugo Ichimoku cloud chart shows a strong bullish breakthrough, and the price far exceeds the cloud (Kumo). Tenkan-Sen (blue line) is also above Kijun-Sen (red line), which enhances the short-term bullish momentum.
Chikou span (green lag line) far exceeds past price actions, confirming that the trend has strong uplink pressure. However, the future cloud is still red, which means that if the price traces, there may be some resistance.
Although this strong actions have been taken, the price has been consolidated after the breakthrough, and Tenkan-Sen has always been short-term support. If the price remains above the cloud, the trend of watching the bullish may continue, but the transfer of returning clouds may indicate consolidation or weak momentum.
The cloud in front is turning green, which shows that if the buyer keeps control, the trend may be complete. The next few candles are determined whether Jasmine Continue its upward trajectory or correction.
Jasmine price prediction: Will the surge continue?
Jasmine map shows EMA cable In recent days, a number of gold crossings have been formed, marking a strong bullish momentum. Another gold cross will soon be formed, which may push jasmine to its next resistance to $ 0.036.
If this level is broken, further rising space may make the jasmine reaches $ 0.041, thereby enhancing its bullish trend, especially in the surrounding narrative devil Restore a good motivation.
However, BBTREND It shows that this trend may have the risk of reversal. If the sales pressure increases, Altcoin It can be tested supporting at a 0.031 US dollar. If the level fails, it may drop to $ 0.029.
A stronger decline may push the price to $ 0.025, which is essential for determining whether the bullish trend can continue.
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