JasmyCoin Price Prediction: 2024, 2025, 2030

JASMY price prediction: Key highlights

1. Primary support and resistance levels

• $0.040 was the highest resistance to the price on the weekly chart.
• Meanwhile, $0.003 was established as the lowest support.

2. Market sentiment

• As of September 2024, the market is bearish.

3. Predictive forecasts

• Our AI/ML predictive algorithms project JASMY’s average price to be $0.050 in 2029 and $0.100 in 2035.

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: Sellers wipe out previous 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 Q4 2023. A bullish rally started in late 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, 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 due to JASMY’s overvaluation. 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 happened in late May. 

AMBCrypto noted that this was fueled by rumors of Apple planning to integrate Japan's My Number system. Market participants speculated that Jasmy, being a Tokyo-based frontrunner in private data security and blockchain solutions, was involved.
 

A succeeding price surge propelled the asset to a yearly high resistance of $0.040. However, an early June correction at this peak pulled the price to $0.021 by July. The market’s overbuying spree triggered this drop.
 

Nonetheless, the price rebounded in mid-month to challenge $0.031. Substantial liquidations at this level did not let the repeated tests succeed. The market turned red by late July. Consequently, $0.021 was lost to sellers in August. 
 

A mid-month attempt to reclaim it failed due to insufficient buying pressure. As the calendar turned to September, the asset returned to $0.017. At the time of writing, JASMY traded at $0.019.

How high/low can JASMY go in 2024?
 

Looking forward, the bulls need to flip the immediate resistance to tip the scales in their favor. Sustained buying pressure over $0.031 can elevate the altcoin to retest the yearly highest barrier. 
 

Regardless, investors should remain cautious of the sell-offs. Should the selling pressure increase, the token can fall below $0.017. This would mark the onset of a definitive downtrend, 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 2029, the average price of JASMY will be $0.050. Furthermore, it can go as high as $0.100 by 2035.

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. The candles regained dominance after briefly dipping below the 20 EMA in July. However, they dropped again in August, indicating a resurgence of selling pressure.
• 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 and turned negative in September. At the time of writing, it stood at -0.00108, highlighting a bearish stance.