JASMY Price Prediction: As JASMY surges 15%, this new AI joke coin is heading towards $5 million

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JasmyCoin price has increased by 15% in the past 24 hours, trading at $0.04401, and trading volume has surged by 136% to $487 million as of 7:30 AM ET.
JasmyCoin Price Technicals Support Bullish Sentiment
JasmyCoin price is showing a gradual uptrend after a sustained consolidation. The bulls have found a support level at $0.01553 which helped the price to fly above the ascending channel and break out to the $0.02855 resistance level.
Inside the channel, the bulls seem to have established a strong support level at $0.02118, where the price briefly stabilized.
However, the bears have already started a correction that is preventing the bulls from making further profits. If this correction continues, it will significantly cut into the profits of the bulls as they will be forced to retreat.
However, the bulls are aiming to regroup at the $0.03518 support level at the lower boundary of the channel. If they succeed, they are likely to push the price above the current resistance level.
Moreover, the support of technical indicators added momentum. The price remained above the 50 and 200 Simple Moving Averages (SMAs), and a moving average crossover occurred at $0.018692, solidifying the overall bullish momentum.
The relative strength index (RSI) showed a rebound above the 50 midline level and entered the overbought zone at 70. This shows strong buying pressure. The increased momentum could push the RSI into the overbought zone.
JasmyCoin price bulls ready for a bullish rally
JasmyCoin price is caught in a tug-of-war between the bulls and bears as they vie for control. The bulls are likely to gather strength at the uptrend line of the channel and attempt to push the price to $0.05164 and beyond the channel borders.
On the other hand, if the price turns down, it could signal a change to a bearish trend that will allow the bears to exert pressure on the bulls back towards the $0.03811 support level.
Given the uncertainty over JASMY’s prospects, traders may want to consider WienerAI, a dog-themed token that has raised more than $4.9 million.
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