JasmyCoin Price Prediction: 2024, 2025, 2030

JASMY price prediction: Key highlights

1. Primary support and resistance levels

• $0.070 can likely be a significant barrier to the price on the weekly chart.
• Meanwhile, $0.003 was established as the lowest support.

2. Market sentiment

• As of July 2024, the market is seen to be bullish.

3. Predictive forecasts

• Our AI/ML predictive algorithms project JASMY’s average price to be $0.006 in 2028 and $0.1 in 2030.

Uncover important details on JASMY’s prospects via a comprehensive weekly technical analysis, followed by projections for the coming days of the month, upcoming months, and yearly forecast tables derived from our AI/ML-based predictive models: 

JASMY technical analysis: Bulls remain resilient to retain gains

JASMY, often referred to as Japan's Bitcoin (BTC), has faced a considerable decline in its valuation over the past two years. Throughout most of 2022, it was undervalued. Yet, with the recent improvement in its performance, the JasmyCoin price prediction in 2024 appears more favorable.

The weekly chart analysis began with JASMY’s price dropping until it reached the lowest yearly support of $0.003 in mid-August. Attempts to recover proved fruitless due to insufficient buying pressure, returning the asset to the lowest floor in Q4 2023. The bullish rally ensued in October, elevating the price to test $0.007 in mid-December. However, it faced a retracement in the new year. 

After briefly stabilizing, the asset surged in mid-February. With an opening price of $0.006, it escalated to $0.018 within a week, experiencing a remarkable 200% increase in value. This rise marked a significant milestone, as JASMY hadn't reached such levels since May 2022. Several factors fueled this sharp increase.
 

Firstly, changes in Japanese regulations brought JasmyCoin into the spotlight. The government's growing support for venture capital investments in crypto projects greatly enhanced investor confidence.

Additionally, the momentum was boosted by the movement of 665.6 million JASMY tokens from Coinbase, valued at about $5.36 million, which spurred market demand. These whales have been buying JASMY tokens since October 2021, amassing over 1.223 billion tokens, demonstrating their strong belief in the token’s future. Furthermore, JasmyCoin's partnerships with DWF Labs and Panasonic also contributed to heightened market enthusiasm.

Continuing the uptrend, the bulls pushed the price briefly over $0.021. However, the buying strength cooled off in mid-March as the price retraced. Afterward, the price remained range-bound between this level while holding the base at $0.017.

Despite the broader market downturn, JASMY's price remained largely stable, experiencing only minor losses. After over two months of consolidation, a bullish breakout in late May propelled the asset to a new high resistance of $0.040. 

This breakout was triggered by the possibility of a partnership between JasmyCoin and NVIDIA following the latter’s announcement of building AI infrastructure in Japan. A correction at this peak pulled the price below $0.031. Nonetheless, it rebounded to exchange hands at $0.028 by the analysis’ end. 

How high/low can JASMY go in 2024? 

Looking forward, the bulls can target $0.050 and $0.064. The prevailing positive sentiment might drive the altcoin's price to $0.070. An even more bullish outlook posits the token climbing to $0.100. Nevertheless, the former might serve as a significant resistance point.

Investors should remain cautious of a resurgence of selling pressure. Should it increase, the token can fall to $0.021. If this support is broken, it could precipitate a decline to $0.017, with $0.007 being the most bearish scenario.

The asset’s past performance, marked by volatility, suggests a cautious approach to future growth predictions. Our predictive models project that by 2028, the average price of JASMY will be $0.006. Furthermore, it can go as high as $0.1 by 2030.

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

• The 20 and 50-week Exponential Moving Averages (EMAs) acted as resistance levels till late 2023. The bulls flipped the former by the end of October and the latter in mid-February, indicating a positive shift in momentum.
• Following this, a golden cross was formed. After a brief dip below the 20 EMA in July, the candles regained dominance, validating the sustainability of the uptrend.
• The trading volume remained low for the majority of the period. Intermittent surges were observed as the price pumped in February and late May but weren’t sustained.
• The Awesome Oscillator (AO) climbed over the zero line in late November. Moreover, the positive values rose exponentially from mid-February, which was dampened in April. 
• By late May, the indicator picked up the pace. However, by July, it lost momentum again. At the time of writing, it stood at 0.01083. This highlighted a resurging bullish stance.