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The JasmyCoin price has surged 19% in the last 24 hours to trade at $0.05392 as of 3:30 a.m. EST on a 285% pump in trading volume to $2.4 billion.
JasmyCoin Price Spikes In A Parabolic Curve
The JASMY/USD daily chart shows strong bullish momentum with a parabolic price movement. After consolidating around $0.01–$0.015 for quite some time, the price drastically surged, breaking out of its base and trading at $0.05392.
This is quite a rally, but a -7.78% pullback on the day indicates higher-level profit-taking or resistance. The parabolic curve formation indicates aggressive buying interest, but such patterns often correct once momentum slows.
JASMYUSD Analysis Source: Dextools.io
The formation of a golden cross, where the 50-day Moving Average (MA) is on the verge of crossing above the 200-day MA, generally indicates that long-term sentiment is shifting toward a stronger uptrend.
Supporting this view is the MACD indicator, which remains positive, with the MACD line staying above the signal line, reflecting ongoing bullish strength. However, the widening divergence between the MACD line and the signal line could point to diminishing momentum.
JasmyCoin Price Technicals Signal A Short Term Pullback
Additionally, the Relative Strength Index (RSI) stands at 80.01, well into overbought territory, suggesting the JasmyCoin price might reach exhaustion in the short term. This combination indicates that while the rally has been strong, caution is warranted as a correction could be imminent.
From a price perspective, key resistance lies in the $0.06–$0.07 region, where sellers may step in to take profits or where traders could encounter psychological barriers.
On the downside, $0.04524, the earlier high in June, will likely act as the first support level during any pullback. If the correction deepens, the $0.04 level becomes a critical zone to hold, as it is both a psychological level and a key structural support.
Furthermore, the area around the 50-day and 200-day MAs, at $0.023–$0.025, serves as dynamic support, aligning with longer-term trends.
Should the price retrace even further, the $0.01–$0.015 range, which served as a strong consolidation base before the breakout, could provide a solid floor for the price to stabilize.
Wall Street Pepe (WEPE) Presale Heads To $1.5 Million
Another coin that’s surging like JasmyCoin, albeit in terms of presale funding, is Wall Street Pepe (WEPE), a new meme coin that has raised over $1.4 million in just three days since it launched.
According to an analyst from the popular CryptoNews YouTube channel, which has over 14k subscribers, WEPE Token is gaining traction as a potential breakout “degen play” in the crypto market.
Wall Street Pepe is designed to empower retail traders in a market often dominated by whales, as it steps in to champion smaller investors by offering them tools and strategies to compete.
“Wall Street Pepe hates that whales are hiding in insider groups,” its website says. “So he decided to make his own. Join the WEPE Token Army, frogs strong together!”
Inspired by the success of Pepe, the original frog meme coin, the WEPE Token presale sets the stage for the next big phenomenon by providing holders access to exclusive trading insights, market strategies, and alpha calls.
These resources aim to help investors navigate the volatile crypto landscape with confidence.
Who said money doesn’t grow on trees 🐸⚔️ pic.twitter.com/tRLhkEnEBu
— Wall Street Pepe (@WEPEToken) December 4, 2024
In addition, investors have the opportunity to earn a lucrative passive income, with the WEPE Token staking mechanism offering a huge 440% annual percentage yield (APY).
Currently, WEPE tokens are available on the official website for $0.000204 and can be bought with ETH, USDT, or bank cards.
Hurry to buy as the price will increase in less than 4 days.
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