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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 downturn in recent times, with the Bitcoin Fear & Greed Index plummeting to an extreme fear sentiment of 25. The CoinMarketCap Crypto Fear & Greed Index also reflects this sentiment, scoring 29 and categorizing it as a “Fear” phase.
As many seasoned analysts would agree, dips like these can often be viewed as opportunities to accumulate for those who are able to do so, or for existing holders to maintain their positions unshakenly. This type of market behavior is not uncommon in bull markets, where gains are typically made in fear markets and greed markets are when profits should be taken.
Despite the recent massive dip, which wiped out a staggering $110 billion from the crypto market, many altcoins continue to display bullish indications on their charts. One such asset that stands out is JasmyCoin (JASMY), often referred to as the “Bitcoin of Japan”.
A major divergence formation has been detected on JASMY’s price chart, indicating a strong potential for a major price pump in the near future.
