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JASMY at $0.0083: Smart Money Eyes Breakout Below $0.009
The recent market turbulence has led to a significant drop in the value of JasmyCoin (JASMY), with its current price hovering around $0.0083, according to cryptonewsland. Despite this decline, smart money appears to be eyeing a potential breakout below $0.009.
As JASMY approaches its main support level at $0.008353, investors are likely accumulating during this downtrend period. The cryptocurrency’s value has decreased in USD terms while it gained strength against both Bitcoin (BTC) and Ethereum (ETH), reflecting a 4.1% increase in the BTC pair and a 6.8% rise in the ETH pair.
This price drop below $0.009 could signal potential market reversals, as observed by some technical traders who see this level as a key reversal point. The cryptocurrency’s momentum indicators indicate that it is close to oversold limits provided that market stability persists.
In light of these factors, JASMY displays potential for short-term recovery as the price stabilizes and market capital movement continues to fluctuate.
Source: https://cryptonewsland.com/jasmy-at-0-0083-smart-money-eyes-breakout-below-0-009/
