JASMYCOIN (JASMY), a low -pushing, low -pushing symbol in WEB3 and the Internet of Things (IOT), faces renewable selling pressure where the broader coding market is still inaccurate.
At the time of writing this report, Jasmy is trading at $ 0.0149, where it remains less than all the main moving averages and fails to attract enough bullish momentum for hacking.
source: Coinmarketcap
Bitcoin also enhances side without a clear direction, struggling with Altcoins like Jasmy to restore the Earth.
Jasmy trading less than 20, 50, 100 and 200 SMAS
The 4 -hour graph from Jasmy shows that the distinctive symbol is circulated under all important simple moving averages (SMA): 20 SMA at $ 0.01529, 50 SMA at 0.01616 dollars, 100 SMA at 0.01710 dollars, and 200 SMA at 0.01738 dollars.
Even in the short term 9 EMA is currently at $ 0.01530-higher than the immediate price, highlighting that sellers continue to control the market.
This artistic alignment indicates that the less resistance path is still a decline. Despite the temporary nails during the day, the price failed to maintain any upward momentum during the past few sessions.
As long as Jasmy remains less than these main averages, the possibility of an upward reflection remains limited.
RSI and MACD show weak signals, but they are slightly improved
the Relative power index (RSI) is currently at 37.94, which is less than the level of 50 neutral.
This indicates that the upward interest is weak, but it is not completely absent. The relative power index hovered at the bottom range of several sessions, confirming that there is no directional force in the market.
Meanwhile, the MACD MACD is a possible early sign of change. The MACD line moved to 0.00007 while the signal line is at the -000057.
This simple intersection has turned the graph to a bit positive, indicating the early stages of the transformation of the momentum. However, this speculation remains without confirmation of the price of the price.
MacD often leads without size or strong price movement to wrong signals.
Support at $ 0.01500 holds but builds pressure
Support has been supported at $ 0.01500 through multiple trading sessions and works as a short -term floor of the distinctive symbol. If this level erupted, Jasmy can test the following support area about $ 0.01350.
On the upper side, the immediate resistance of viewing is 9 EMA at $ 0.01530. A break above this would bring 50 SMA at $ 0.01616.
It can support the transition beyond these levels, especially if it is accompanied by a stronger performance in Bitcoin or the renewal of market interest in Japanese Blockchain projects, short -term recovery.
However, such a move requires a wider improvement of feelings, which is currently decreasing.
Bitcoin frequency adds to Altcoin’s weakness
The last Bitcoin monotheism among narrow ranges is created by a stagnant environment for municipalities.
Without strong upward movements in BTC or Ethereum, small symbols such as Jasmy have a little support from the total level to reverse their directions.
This market decline continues to influence speculative assets, and unless Bitcoin shows a decisive step, most Altcoins are likely to remain under pressure.
Although its basics are linked to data security and decentralized identity solutions, the technical structure of Jasmy remains firmly in descending lands.
Traders may continue to be careful as long as the price fails to restore the moving averages and confirm the reflection of the direction with the size.
Post -Jasmycoin is trading at $ 0.0149, as the price of bears appeared below the averages first on Invezz
