JasmyCoin Price Prediction: JASMY Soars 15% As This 2.0 Meme Coin Gives Investors One Last Chance To Buy

By Inside Bitcoins
about 1 month ago

The JasmyCoin price soared 15% in the last 24 hours to trade for $0.0236 as of 01:20 a.m. EST as trading volume exploded 115%.

Analysts say JASMY is super bullish as it flashes a W pattern, anticipating a bold take off. This optimism is likely attributed to a broader bullish market, as the Bitcoin (BTC) price continues to hold above $70,000.

JasmyCoin Price Prepares For A Bullish Move

As the JasmyCoin price prepares for a possible bullish move, it’s featured on the top gainers list on CoinMarketCap.

JasmyCoin Price Outlook

Meanwhile, the daily timeframe shows the altcoin is consolidating within a falling wedge pattern. This is a bullish reversal pattern, hinting a possible rally in the works. However, this technical formation is pending confirmation and investors looking to long the JasmyCoin price should wait for candlestick close above the range high of $0.0274.

A break above the aforementioned level would encourage more buy orders, potentially sending the JasmyCoin price to the forecasted target of nearly 50% at $0.0350.

Multiple technical indicators support this thesis, starting with the Relative Strength Index (RSI).  Its position above 50 shows the market is bullish. Further, its stance below the 70 threshold shows there is still more room north before JASMY is considered overbought.

Also, the Awesome Oscillator (AO) is in positive territory, as is the Moving Average Convergence Divergence (MACD). With their histograms growing, it suggests a strengthening bullish cycle.


TradingView: JASMY/USDT 1-day chart

Converse Case

On the other hand, if the bears recover the market, the JasmyCoin price could drop. A break and close below $0.0150 psychological level would invalidate the bullish thesis.

Nevertheless, even as the JasmyCoin price coils up for a bullish move, Sponge V2 is giving investors a last chance to buy before listing. YouTuber Jacob Bury ranks it among the five best meme coins to buy now.

Promising Alternative To JasmyCoin

Sponge V2, a meme coin that some analysts says is poised for exponential gains, has announced the discontinuation of its predecessor, Sponge V1.

With this, the project migrated to the Polygon network after a malicious attack on its liquidity pool. The project is making a strong comeback in 2024, thanks to the exciting launch of its sequel, bringing forth a new and special staking model, a Play-to-Earn (P2E) game, and a big marketing budget.

While plans are already underway to have the Sponge V2 meme coin listed across multiple exchanges, token holders are already enjoying annual percentage yields (APY) as high as 166% on Ethereum and 360% on Polygon, with upwards of 9.720 billion tokens already staked.

The high staking reward is among the key reasons why analysts rank it among the top five cryptos to invest in now with 1000x potential.

To increase community engagement, Sponge V2 has introduced a new P2E racer game where players can compete against each other for a chance to win $SPONGEV2 tokens as rewards.

$SPONGE recorded 100x gains after its launch last year in a bear market, and the SpongeV2 team aims now to give new investors another similar opportunity.

If you would like to participate, visit and buy SpongeV2 here.

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