Price is also struggling near the mid-Bollinger Band, which often acts as dynamic resistance during downtrends. Until JASMY pushes decisively above this level and reclaims the $0.0066–$0.0070 zone, the V-shaped recovery remains incomplete.
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Meanwhile, MACD continues to hover below the signal line, reflecting weak bullish momentum despite the recent rebound. A breakout above the channel resistance could open the path toward $0.008 and potentially $0.0104. However, failure to hold above $0.0048 may drag the price back toward lower support levels within the channel.
The Bottom Line
JasmyCoin price is at a decisive point. The recent bounce suggested a possible V-shaped recovery, but rejection at the upper boundary of the descending parallel channel shows sellers remain active. Unless price reclaims the $0.0066–$0.0070 zone and breaks above channel resistance, the broader bearish structure stays intact.
A confirmed breakout could open the path toward $0.008 and possibly $0.0104. However, losing the $0.0044–$0.0048 support area would weaken the recovery thesis and risk deeper downside. The next few sessions should determine whether the JASMY price is preparing for a reversal or extending its downtrend.
FAQs
JASMY price is down due to a sharp rejection at the upper range boundary, confirming that sellers remain active and are defending higher levels.
A confirmed breakout above the $0.0066–$0.0070 resistance zone could push JASMY toward $0.008, while losing $0.0048 risks further downside.
JASMY remains within a bearish channel; a breakout above resistance is needed to confirm a recovery, otherwise downside risk persists.
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