JASMY Price Prediction – What to Expect Over the Weekend?

Since September 23, the price of JasmyCoin [JASMY] has risen by about 20.6%. It has reversed the downward trend of the daily structure, but is facing a key resistance area. If Bitcoin [BTC] experiences a pullback, JASMY's gains may be affected and need to be closely monitored.

From a technical perspective, the outlook for JASMY is generally positive. In the short term, market sentiment is expected to continue to rise, but for swing traders, it is still necessary to pay attention to trading risks. Although the volume has recently recovered and is higher than the average level of the past two months, it is still relatively weak compared to the strong rebound in May. The Money Flow Index (MFI) reached 76, indicating strong buying pressure, but it is important to note that this indicator only reflects the market conditions in the past 14 days.

Currently, the price of JASMY is close to the key resistance level of $0.0244 that has been formed since the beginning of August. If this level can be broken, the subsequent impact may be further on the $0.0265 and $0.03 resistance levels. However, from the perspective of the moving average, JASMY is still in a long-term downward trend. To completely reverse this trend, it is necessary to break through the current key resistance.

Spot demand has grown strongly over the past week, especially in the past 48 hours, both open interest and spot CVD (cumulative volume difference) have increased significantly, indicating that the market is bullish on JASMY. Despite the good technical performance, market volatility still exists as the price approaches the key resistance area, and investors should formulate trading strategies with caution.

In general, although JASMY's short-term performance is strong, whether it can continue to rise still needs to observe the market's response to the key resistance. The current trading strategy should be flexible and adjusted in time according to market dynamics.