JasmyCoin Price Prediction: 2024, 2025, 2030

JASMY price prediction: Key highlights

1. Primary support and resistance levels

• $0.030-$0.040 can likely prove to be significant barriers for the price on the weekly chart.
• On the downside, $0.003 was established as the lowest price floor.

2. Market sentiment

• The market remains under a bullish dominance in April 2024.

3. Predictive forecasts

• Our AI/ML models predict the average price of JASMY will reach $0.8 in 2028 and $15 in 2032.

Gain valuable insights on JASMYs future trajectory via a comprehensive weekly technical analysis, followed by the coming weeks of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

JASMY technical analysis: Market contemplates future direction

JASMY, aka Japan’s Bitcoin (BTC), experienced a significant downturn over the last two years. Its valuation continuously declined and was even considered undervalued for most of 2022. However, given the recent shift in the token's performance, the JasmyCoin price prediction for 2024 might be more optimistic. 
 

The weekly chart analysis over the past year revealed that the market was initially predominantly bearish. The altcoin encountered considerable resistance at $0.007. Attempts to breach this level between April and early May led to a retreat to the support level of $0.004. 
 

A significant drop was observed in June, with the price falling to $0.003. This level was effectively established as the lowest support floor for the price. Despite a bullish rally in October, the price was again rejected at $0.007 by the end of December.

History repeated itself, with the price once again dropping to its support level at $0.004. However, in mid-February, a significant price surge was observed. The token opened at $0.006 but soared as high as $0.018 within one week, marking an appreciation of over 200% in its value. This surge represented a major development, as the token had not reached such a high price since May 2022. Several factors contributed to this price pump.
 

Recent regulatory shifts in Japan spotlighted JasmyCoin. The government's increasingly supportive approach to venture capital (VC) investment in cryptocurrency projects significantly bolstered investor confidence. 

Compounding this uptrend was the transfer of 665.6 million JASMY tokens from Coinbase, worth approximately $5.36 million. This intensified market demand. These whales had been consistently purchasing JASMY tokens since October 2021, accumulating over 1.223 billion tokens. Their ongoing interest reflected a strong belief in the asset's potential. Moreover, JasmyCoin's association with DWF Labs further elevated the market's optimism. 

The uptrend continued, and by the end of February, bulls turned $0.018 into support. Simultaneously, a new high resistance was established at $0.024. A test of this resistance led to price consolidation. At the time of writing, the asset exchanged hands at $0.020.

Looking ahead, the prevailing bullish sentiment in the market could propel the price to as high as $0.030. An even more optimistic forecast suggests the token could reach up to $0.040. Yet, these price points could also act as significant resistances, halting further upward momentum.
 

Investors should also be wary of the potential for a correction, given indications that the token may be overvalued. Should a price correction occur, the token is anticipated to fall to $0.018. If the current support is broken, it could precipitate a decline to $0.012, with $0.007 being the most bearish scenario.

While JasmyCoin is still far from reaching its all-time high (ATH), its past performance, marked by volatility, suggests a cautious approach to future growth predictions.
 

Our predictive models suggest a substantial growth trajectory. By 2028, the average price of JASMY is projected to be around $0.8. Furthermore, surpassing the $10 mark can be seen as a realistic goal by 2032, with the average price going as high as $15.

JASMY's 2024 roadmap: Key indicators to watch and trade

• The 50-week Exponential Moving Average (EMA) acted as a dynamic resistance level for most of the period. However, in mid-February, the price successfully broke above this resistance, indicating a positive shift in momentum.
• The price temporarily surpassed the 20-week EMA between April and May but struggled to maintain this position. Nonetheless, the price has remained above the 20 EMA since ending October, demonstrating sustained buyer presence.
• Towards the end of February, the 20 and 50 EMAs started converging and formed a golden cross. The formation of a golden cross could signal the validity of a sustainable uptrend.
• The trading volume was relatively low and even decreased further during periods of bearish dominance. Yet, as the price surged, a substantial increase in volume was observed, with the highest volume recorded at 78.886 billion. 
• After this peak, a slight drop was noted even when the price approached its highest resistance. This indicated cautious optimism among investors.
• The Awesome Oscillator (AO) remained negative for the most part, albeit with a brief surge above zero between mid-April and May. Towards the end of November, it climbed into the positive territory.
• Moreover, the positive values substantially increased since mid-February, which was dampened slightly in April. At the time of writing, the value stood at 0.011483. This highlighted strong buying pressure.