Jasmycoin (JASMY ($0.01)) has shown signs of consolidation after a brief downward correction in the last 24 hours. Traders closely monitor price movements as the asset hovers around the $0.0188 mark. With modest market volatility, key indicators such as the Exponential Moving Averages (EMAs) and Relative Strength Index (RSI) point toward potential setups for short-term trading opportunities.

JASMY Price Action Overview 

The chart indicates a slight pullback as JASMY trades below the $0.019 level, with a current price of $0.0188. The 20 EMA, positioned at $0.01926, suggests downward pressure as the price struggles to break above it. However, the 50 EMA ($0.01959) and 100 EMA ($0.01962) show potential resistance levels that traders should monitor. JASMY may trigger further bearish sentiment if it fails to surpass these levels.

^{Source: TradingView}

The price earlier tested highs near $0.021 before retracing to its current level. A reversal is possible if bulls regain momentum above the 50 EMA, but failure to do so may push the coin lower toward support around $0.0185.

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RSI Divergence Insight 

The RSI divergence indicator, calculated with a 14-period setting, currently stands at -0.5384. This negative value implies a bearish divergence, as the RSI has not rebounded strongly after the recent dip in price. However, the moderate uptrend in RSI over the past few hours indicates a slight recovery, suggesting buyers are cautiously stepping back in.

Outlook for the Next 24 Hours 

JASMY faces a critical test as it approaches key resistance around the 50 EMA. Traders should be cautious of the price failing to break above $0.0196, as a rejection here could trigger a further drop toward $0.0185 or lower. However, a push toward $0.020 may be possible if buying pressure increases, with $0.021 as the next major target.

JASMY remains in a consolidation phase with mild recovery potential. In the next 24 hours, traders should monitor the EMA levels and RSI movements for clearer direction signs.

The post 24-hour Price Analysis: Jasmycoin (JASMY) Shows Sign For Mild Recovery Despite 3.03% Decline – Key Price Levels to Watch appeared first on FXcrypto News.