JasmyCoin (JASMY) gained 5.78% on Friday, trading near $0.0059 as analysts monitor a key technical breakout level at $0.0060. The token’s pairing with Bitcoin shows a developing bullish flag pattern, while its daily Relative Strength Index (RSI) reads 46, indicating steadying momentum. Traders are watching the $0.00444 support level, with resistance seen at $0.00672 and beyond.
JasmyCoin (JASMY) saw a small bounce on Friday, with the token currently trading at $0.005860 according to CoinMarketCap data. Its 24-hour trading volume increased 16.8% to approximately $15.7 million.
Analyst Umair Crypto has highlighted that the BTC pair is the main area to watch, with a four-hour chart displaying a bullish flag pattern. “The break above the $0.0060 area indicates the potential to move to the $0.00643 area,” he noted.
The daily chart shows low price action with limited momentum, though green candles have appeared. Analysts point out that a move above $0.0060 could signal a structural change in the token’s price action.
According to CoinLore data, JASMY must stay above $0.00444 to remain stable in the short term. The first major resistance is at $0.00672, followed by $0.00881 and $0.0108.
Derivatives data from CoinGlass shows JASMY volume at $24.78 million, a 5.44% decline, while Open Interest increased 3.59% to $20.67 million. The Open Interest Weighted Funding Rate stands at -0.0441%.
Technical indicators show gradual improvement, with the daily RSI at 46.03 as per TradingView. The Moving Average Convergence Divergence (MACD) reads 0.00006, reflecting reduced bearish momentum.
