Peter Zhang
July 22, 2025 03:54
Jasmy Price is traded at $ 0.02 with RSI at 73, which suggests a potential withdrawal despite the recent 25% increase in blockchain cancer Treatment Initiative announcement.
Fast
• Jasmy is currently trading at $ 0.02 (-1.30% in 24 hours) • Jasmycoin’s RSI at 73.05 indicates overbought conditions with potential correction for us • Recent 25% increase driven driven by blockchain-based cancer treatment initiative Application
What drives Jasmycoin price today?
Jasmycoin experienced a remarkable momentum this week, with the Jasmy price that rises 25% after the announcement of a groundbreaking blockchain-based cancer treatment initiative on July 21. This development pushed Jasmycoin above the critical resistance level of $ 0.05, which marked a significant breakthrough for the IoT focused on cryptocurrency.
The cancer treatment initiative is a major extension of Jasmycoin’s Real-World utilities outside its traditional internet of things. This diversification in health care block chain solutions has attracted institutional attention and interest in retail investors, which contributes to the substantial trade volume of $ 17.8 million on Binance Spot Markets.
Earlier in the week, on July 16, Jasmycoin broke through the resistance to $ 0.017, with a 24-hour highlight of $ 0.01705 in the middle of elevated trade volumes. This technical outbreak formed the basis for the subsequent rally, which demonstrated a strong buying pressure and momentum retirement before the most important news catalyst.
Jasmy Technical Analysis: Mixed signals arise
The current technical analysis of Jasmycoin reveals a complex image with both bullish momentum and warning signals. Jasmycoin’s RSI is at 73.05, firmly in Overbought territory above the 70 threshold, suggesting that the recent Rally Jasmy Price may have pushed in the short term outside of sustainable levels.
Despite the overbought RSI conditions, the MacD indicator of Jasmycoin shows a secondary bullish momentum with a positive histogram value of 0.0005. This divergence between momentum indicators suggests that although buying pressure remains strong, the pace of profit can slow down.
The position of Jasmycoin in the Bollinger tires offers extra insight, whereby the %B position indicates 0.8834 that indicates that the price of Jasmy is traded near the resistance of the upper band. This positioning often precedes a consolidation phase or a potential withdrawal to the middle band around $ 0.02.
The stochastic indicators for Jasmycoin show %K at 78.76 and %D at 82.88, both in Overbound area, which strengthens the RSI signal that a short-term correction can be located.
Jasmycoin -Prize levels: important support and resistance
Based on the current market structure, the jasmycoin support levels are clearly defined around $ 0.01, which coincides with both the immediate and the strong support zones. This level has proven to be considerably in recent trade and represents the primary downward target if taking profits accelerates.
Jasmy resistance remains concentrated at the level of $ 0.02, which includes both immediate and strong resistance zones. For bulls to maintain control, Jasmycoin must establish $ 0.02 as a new support floor instead of resistance ceiling.
The Jasmy/USDT trade savings shows consolidation around the current pivot point of $ 0.02, which suggests that indecision between buyers and sellers at these levels. A decisive break over the current resistance can focus on the 52 -week highlight of $ 0.06, while not holding support can lead to a retest of $ 0.01.
Do you have to buy Jasmy now? Risk-willing analysis
For Swinghandelers, the current Jasmy price setup offers a challenging access point given the Overbought technical conditions. Patient traders can wait for a withdrawal to Jasmycoin support levels around $ 0.01 before they consider positions.
Momentum traders who believe that the news of the cancer treatment initiative will stimulate the current $ 0.02 level, but must implement tight stop loss below $ 0.01 support in view of the increased RSI measurements.
Long-term investors who concentrate on the fundamental developments of Jasmycoin can regard any weakness as an opportunity, in particular given the expansion of the project in blockchain applications in health care. On the basis of Binance Spot market data, the substantial trade volume suggests that institutional interest remains strong despite technical warning signals.
Risk management is crucial at the current level, where positioning sizes are kept modest until Jasmycoin consolidates the current profit or offers a clearer technical arrangement for access.
Conclusion
Jasmy Price is confronted with a critical moment at $ 0.02, with recent fundamental catalysts who are contrary to Overbought technical indicators. Although the Blockchain Cancer Treatment Initiative offers strong fundamental support, traders must check whether Jasmycoin can digest recent profits without a significant withdrawal. The next 24-48 hours will probably determine whether Jasmy will maintain his bullish process or is undergoing a healthy correction in the direction of support levels.
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