Key Takeaways
- The JASMY price closed the previous day’s trade at INR 1.43 with a market capitalization of INR 896.1 Lakh and a circulating supply of 475 Cr JASMY
- The asset is drowning within a deep bearish channel and appears to be primed to shed another 20%of its value before igniting a notable leg up
Price Comparison Table
| Crypto-Asset | Start-Month Price (April) | Mid-Month Price (April) | End-Month Price (April) | % Change |
| JasmyCoin(JASMY) | INR 2.68 | INR 1.43 | INR 1.39 | -48.13% |
* As of 01-May-2022
JasmyCoin (JASMY) Technical Analysis at a Glance
JasmyCoin, woefully, maintained a strong descending trend ever since the beginning and also squashed a couple of possibilities of a rebound. And hence one cannot expect a drastic change in the trend as the asset carries less variation due to depleted volume. And hence unless and until the strong influx of liquidity floods no notable change can be expected.
| Short-Term | JASMY price is consolidating heavily along with the average levels and hence may continue to do so until it receives a gigantic push. |
| Mid-Term | The price after hitting the lower support is consolidating for sometime, may rebound with enough bullish momentum ahead |
| Long-Term | The asset despite following a strong descending trend, does not appear to have finished with the downtrend and hence could hit the lower support soon |
Technical Indicators & Pivot Levels
Technical Indicators
| Technical Indicators | Value(1D / 1M) | Action (1D / 1M) |
| Relative Strength Index(RSI) | 39.53 / 100 | Sell / Overbought |
| MACD(12,26) | -0.002 / 0.009 | Sell / Buy |
| Average Directional Index(ADX) | 18.49 / 57.65 | Neutral / Sell |
| Bull-Bear Power | -0.0023 / -0.205 | Sell / Sell |
Pivot Levels
| Pivot Levels | Short-Term | Mid-Term | Long-term |
| Moving Average(MA)-50 | INR 0.02715 | INR 0.036 | INR 0.0077 |
| Moving Average(MA)-200 | INR 0.06596 | INR 0.009 | INR 0.0019 |
| Resistance | INR 2.10 | INR 3.01 | INR 5.83 |
| Support | INR 1.35 | INR 1.17 | INR 1 |
Oscillators
| Oscillators | Short-Term | Mid-term | Long-Term |
| Stochastic Oscillator | 17.32 | 30.91 | 0.0 |
| Ultimate Oscillator | 32.94 | 30.12 | 35.88 |
| Average True Range(ATR) | 0.0031 | 0.0119 | 0.044 |
| CCI | -91.13 | -85.41 | -24.62 |
The JasmyCoin price is pretty bearish in all the time frames as the bears appear to have capitulated completely and for a long time. Most of the indicators are pointing towards a sell signal with fewer possibilities of a flip. On the other hand, the strength of the rally is also notably weak while the volatility is also less. Therefore the price could undergo a slow yet steady descending rally initially and wait for a bullish push in the upcoming days.
Additional Read: What is JASMY?
JASMY Price and Technical Analysis for May-July
Source: Tradingview
- The JASMY coin since the beginning of the trade dropped heavily shedding nearly 95% of its value.
- With a flip from the bearish divergence, the price quickly ranged high by more than 350% within a fortnight but failed to hover near the ATH
- The price is currently following a significant descending trend and may hit the lower support just below $1 before igniting a strong rebound
- With a flip from the lower support, the price may surge high to achieve levels above INR 3 initially by the end of May
- However, the chances of a minor rejection may haunt the price here which may be overcome, surging above INR 4 by the end of June and attempt to range towards the pivotal resistance close to INR 5, further somewhere in mid or end of July
How to Invest in JasmyCoin(JASMY)
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The above information represent the independent views of Primestack Pte. Ltd, Neblio Technologies Pvt. Ltd, and/or their affiliate entities and are for informational & educational purposes only. The content, information or data provided above is not an offer, or solicitation of an offer, to invest in, or to buy or sell any interest or shares, virtual digital assets/ crypto products or securities, or to participate in any investment or trading strategy. Any statement or communication made above shall not be treated as a legal, financial, investment or tax advice by the reader. The calculations, data, risk-return formulations, performance or market capitalization indicators captured above are based on the independent data sourcing including collation of public information and/or analysis performed by analysts, advisors or employees of Primestack Pte. Ltd/ Neblio Technologies Pvt. Ltd and/or their affiliate companies and/or any third party. Past performance is not indicative of any future results. The reader(s) are hereby advised to consult their financial/ legal/ tax advisor(s) before making any investment.
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