JASMY/USDT MACD Shows Bullish Momentum, Targeting Next Resistance
$JASMY

200-Period Moving Average (MA)

The current price of JASMY/USDT is $0.01938, which is trading below the 200-period moving average at $0.02069. This indicates a bearish trend, with the MA likely acting as resistance if the price attempts to climb.

Relative Strength Index (RSI)

The RSI is currently at 56.00, suggesting neutral momentum. While it does not indicate overbought or oversold conditions, it does show some buying interest, which could support a potential short-term rebound.

Moving Average Convergence Divergence (MACD)

The MACD histogram is showing slightly positive momentum, with the MACD line above the signal line. This could suggest a possible continuation of bullish momentum in the short term if the buying interest remains steady.

Bullish Scenario

If JASMY/USDT manages to break above the 200-period MA at $0.02069 and holds, it could see additional upside, with the next resistance likely near $0.02200. A break above this level may confirm stronger bullish sentiment.

Bearish Scenario

If the price faces selling pressure and falls below the immediate support level of $0.01800, it may look to test lower support levels around $0.01600, which could indicate a continuation of the bearish trend.

Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Please conduct your own research or consult a financial professional before making any investment decisions.