JASMY Sees 111% Spike in Trading Volume and Breaks Above 50 Daily Moving Average, Eyes $0.05 Price Target Next

• JasmyCoin sees a significant increase in trading volume over the last 24 hours.
• The trading volume is up by 111% and the price of JASMY continues to climb.
• Having broken above the 50 daily moving average, JASMY price aims $0.054 price target.

The crypto market is bursting with greater bullish sentiment since the Bitcoin Conference 2024. Between statements of a Bitcoin (BTC) worth over 40 million in the future and the US Treasury buying 1 million worth of Bitcoin (BTC), the pump in the crypto market looks like it’s finally beginning. 

Presently, the price of Bitcoin (BTC) is only 7% away from reaching its previous ATH. If the sentiment continues to remain bullish, Bitcoin (BTC) could set a new ATH soon. Many analysts predict Bitcoin (BTC) will surpass $80,000 – $100,000 by the end of this year.

Similarly, reflecting this bullish sentiment, are altcoins like VeChain (VET), WadzPay (WTK), Cardano (ADA), and JasmyCoin (JASMY). In particular, WTK went up by 30% yesterday and up again by an additional 12% today. This is in light of the asset’s Tier-1 listing that will take place on July 30. 

Meanwhile, JasmyCoin (JASMY) has already begun to see the start of what could be a significant rally. Yesterday, JASMY enthusiast, Steph is Crypto, observed that JASMY is close to completing the Handle formation on its huge cup and handle pattern on the JASMY price chart. He expects JASMY price to run to the $0.6 price target in the coming months. 

According to CoinMarketCap, the price of JASMY almost hit $0.033 and is currently at $0.031 with a total market cap of $1,557,338,854 and a 24 hour trading volume of $223,936,096, which is up by 111%.

JASMY looks like it could break through a major resistance level and shoot towards the $0.05 target price next. As we can see from the post above, JASMY has just broken above the 50 daily moving average. This analyst expects the price of JASMY to hit $0.05 soon. 

Read Also

• $17 JASMY Price Might Arrive Sooner Than Expected as JasmyCoin Heads Towards an Epic Supply Shock
• JasmyCoin (JASMY) Skyrockets: Apple Partnership Speculation Sparks $1 Price Target
• JASMY Walks in ADA’s 2021 Price Footsteps Signaling Massive Bullish Trend Spike Ahead, $5 for JASMY Soon?
• JASMY Will Hit $17 According to JasmyCoin CFO and CEO, an Expectation for when JASMY Hits 107 Million Users
• Varying JASMY Predictions Keep JasmyCoin Traders on Their Toes, Analysts Say Slow Momentum Pump Incoming

The post JASMY Sees 111% Spike in Trading Volume and Breaks Above 50 Daily Moving Average, Eyes $0.05 Price Target Next appeared first on Crypto News Land.