JasmyCoin Announces New Partnership, JASMY Price Pumps
NOT
SATS
JASMY
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GAINS
JasmyCoin’s CFO “HARA” announced on Twitter that they are very happy with their new collaboration with Gains Network.
Gains Network is a project that has developed gTrade, an innovative leveraged trading platform. Moments before HARA’s tweet, they announced the JASMY listing.
Gains Network joins many other exchanges that have already listed JASMY, such as Binance, MEXC, KuCoin, and others.
JASMY Price Reaction and Technical Analysis
The JASMY price reacted fairly well to this news, pumping 7% today. The current price is now around $0.028.
I analyzed the JASMY/USD chart a couple of weeks ago, and the chart hasn’t changed much since.
The price broke out of the descending channel after it breached the $0.026 resistance.
The price is now in discovery mode, but no significant pumps yet. The next psychological area is at $0.03, and after today’s 7% pump, the price is not far away from here.
The all-time high still stands at $0.04, which is another big resistance zone. But first things first – the $0.03 resistance.
There’s one technical indicator – the 200-day Moving Average (MA) – that shows JASMY is in an uptrend when you look at the longer time frame on the chart. The 200-day MA is currently at $0.012 for JASMY, indicating that the price has been trading above this long-term average, which is generally considered a bullish signal.
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Show more +To sum it up – JasmyCoin is definitely an interesting one. Continued development activity, exchange listings and “healthy” chart; there’s really not much more you can ask from a crypto project. The only area where JASMY lack is marketing.
Read also: Top Analyst Predicts Bitcoin’s (BTC) Path, Calls Cardano’s (ADA) Price Chart ‘Frustrating’
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