JASMY prices rise while the Wedge pattern indicates 50 % higher capabilities

The price of JasmyCoin was frequently recovered with the improvement of feelings in the coded currency industry in the wake of the interest rate decision in the Federal Reserve.

jasmycoin (YasimiThe famous digital assets increased in the middle of the clouds, by 25 % on Thursday, reaching an increase of $ 0.0320, which represents its highest level since January 9.

I joined other cryptocurrencies in the middle of the clouds such as Fartcoin, SPX6900, Raydium, Mantra and Litecoin in spreading double -number gains. The broader stock market was also green, with the S&P 500 and NASDAQ continued its recovery.

The assembly came a day after the first federal reserve The interest rate decision From the year. The central bank left prices unchanged and maintains its loud expectations, as economists now expect to reduce the next rate in July.

The Jasmycoin boom also coincided with its high interest. According to Coinglass, the open interest has increased to $ 53 million, its highest level since January 15. Open interest height usually indicates increased demand.

In addition, there are indications that more distinctive jasmycoin leaves the stock exchanges, indicating accumulation by investors. The number of distinctive symbols held on the stock exchanges decreased to 16.45 billion, a decrease of about 1 % over the past week. The graph below shows the jasmycoin flows from the central stock exchanges during the past seven days.

Yasmi price analysis

The Daily Chart explains that Jasmycoin rose to the highest level of $ 0.0588 in November last year, when most alternative cryptocurrencies rose. Then it witnessed a sharp decline, as it reached a decrease of $ 0.023 during the continuous sale of Altcoin.

The price of support at the level of Fibonacci is 61.8 % at 0.0150 dollars, which is a critical area where many upscale repercussions occur.

Jasmycoin has also formed a falling spoiler, characterized by the presence of directional lines for landing and rapprochement. These directional lines are now approaching rapprochement, indicating that the upscale collapse may be imminent.

In the event of this penetration, the next key resistance level will be $ 0.0445, as it is in line with the upper limits of the cup and the handle style. This goal represents a potential increase of 50 % of the current price. Another march can pay the Yasminin gatherings towards a height of 2024 at 0.0588 dollars, which represents a profit of 96 % of its current level.

However, JasMycoin’s bullish forecasts will be nullified if the price decreases to less than the main support level of $ 0.0231, which is its lowest point since January.