On a Sunday that felt like a scene from a fever dream, the price of JasmyCoin took off like a jackrabbit, reaching heights unseen since the days of yore—March 6, to be precise. The falling wedge, that sly little devil, finally played its hand, and lo and behold, the number of active addresses began to swell like a summer river after a rainstorm. 🌧️
Ah, Jasmy Coin (JASMY), the darling of the East, often dubbed Japan’s Bitcoin, has made a comeback worthy of a Hollywood script. After languishing at a pitiful $0.0082 earlier this month, it has now soared to a high of $0.017, a staggering 103% increase! Who knew a coin could have such a flair for the dramatic? 🎭
This miraculous rebound coincided with a moment of calm in the crypto storm, as Bitcoin (BTC) decided to strut its stuff above $84,000. Other tokens, like Solana (SOL) and the ever-so-hilariously named Fartcoin (FARTCOIN), also decided to join the party, bouncing back like rubber balls. 🎈
On-chain data, that mystical oracle of the blockchain, reveals that the number of JASMY active addresses has jumped to a whopping 1,307 on this fine Sunday, the highest since February 1. Quite the leap from a mere 382 earlier this month! It’s like watching a bunch of ants discover a picnic. 🐜
And if that wasn’t enough, the Mean Dollar Invested Age (MDIA) has been on a steady climb, rising to 241 from 180 since January 1. This suggests that long-term investors are holding onto their tokens like a child clinging to a favorite toy. 🧸
But wait, there’s more! The surge in JASMY’s price came right after the coin’s futures open interest took a nosedive to a mere $18 million earlier this month. Now, it has rebounded to $53 million, the highest since February 1. Looks like the futures market is waking up from its slumber! 💤
Jasmy price technical analysis
The ongoing JASMY surge is no accident; it’s the result of a falling wedge pattern that has formed on the daily chart. This pattern, made up of two descending and converging trendlines, is like a pair of old friends finally coming together. A bullish breakout occurs when these two trendlines meet, and guess what? They just did! 🎉
The coin has galloped past the 78.6% Fibonacci Retracement level at $0.015 and has also leaped over the key resistance level at $0.016, the lowest swing on November 3. It’s even above the 50-day moving average! Talk about a comeback! 🏇
Thus, the token seems poised to continue its ascent as bulls set their sights on the 50% Fibonacci Retracement level at $0.031, a tantalizing 90% increase from its current level. But beware! A drop below the lower side of the wedge at $0.0082 would send the bullish outlook packing. 🏃♂️💨
JASMY, the native token of JasmyCoin, hails from Japan, a blockchain project that champions data privacy and the Internet of Things. Founded by former Sony executives and engineers, it’s often referred to as “Japan’s Bitcoin.” Who knew data privacy could be so glamorous? 💃
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2025-04-13 16:01