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Crypto Market Plunges to Extreme Fear Sentiment, Altcoins Like JASMY Continue to Show Bullish Indicators
The crypto market has taken a drastic turn as it plunges to extreme fear sentiment, with the Bitcoin Fear & Greed Index scoring an all-time low of 25. The CoinMarketCap Crypto Fear & Greed Index also echoes this sentiment, marking a score of 29 and a “Fear” sentiment.
This unprecedented dip in the market has led many seasoned analysts to see this as an opportunity for gains, rather than a reason to panic. According to previous bull markets and every bull cycle, analysts have consistently stated that it is during fear markets and greed markets that profits are made. In light of this, a dip such as this could be seen as an opportunity for those who can accumulate to do so.
However, it’s not just any asset that is showing bullish signs – altcoins like JASMY have also continued to form bullish indicators on their price charts. Specifically, JasmyCoin (JASMY) has formed a huge regular bullish divergence formation, which could indicate a major price pump ahead for the coin.
As investors continue to grapple with the uncertainty of the market, it seems that some altcoins are showing a different story altogether. With JASMY leading the charge in this regard, analysts are urging caution but also acknowledging the potential gains that lie ahead.
Tags: Altcoin Bullish Crypto market cryptocurrency Jasmy JasmyCoin
