Jasmycoin (JASMY) shows signs of recovery after navigating a consolidation day. With RSI divergence hinting at growing strength and EMA clusters offering critical price zones, the token’s next move will likely depend on breaking through resistance or holding key support.
Recent Price Action and Key Levels
JASMY’s price action has been stable within the $0.021533 to $0.021767 range over the last day. The coin faces resistance at the 50 EMA ($0.021611), while strong support lies at the 200 EMA ($0.021180). A break above $0.022000 would signal a potential rally, making this level a trader focal point.
RSI Divergence: Bullish Sentiment Grows
The RSI Divergence (5, 14) currently reads 8.03, highlighting positive momentum under the surface. This indicates that buyers may accumulate JASMY, setting the stage for a possible breakout if the price gains sufficient upward pressure.
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The 20 EMA ($0.021592) is immediate support, while the 100 EMA ($0.021478) reinforces the broader price floor. For bulls to gain control, they must push the price above the 50 EMA and maintain it, creating a path toward higher resistance levels. Conversely, a break below the 200 EMA could lead to further downside pressure.
Conclusion
Jasmycoin is at a crossroads, with EMA levels and RSI divergence offering clues to its next direction. While the technical indicators suggest the possibility of bullish continuation, breaking above resistance at $0.022000 is essential to confirm upward momentum.
