- JasmyCoin price chart indicates something greater unfolding for JASMY.
- Analyst notices the RSI proves the asset being oversold.
- He believes JASMY’s true value will shine through in the future.
The price of Bitcoin (BTC) dips once again taking its price to the $58,000 price level and taking the Crypto Fear & Greed Index to a score of 34 indicating the ongoing state of Fear in the crypto market. This dip in crypto has even been reflected in the price of altcoins.
In particular, the price of popular altcoins has also dipped souring the sweet altcoin expectations for many crypto analysts. Much like Bitcoin, the prices of Ethereum (ETH), Solana (SOL), Dogecoin (DOGE), Cardano (ADA), JasmyCoin (JASMY), and many other altcoins have dipped in price.
JASMY Could Lead Altcoin Pump This Altseason
Specifically for JASMY, the altcoin known as the Bitcoin of Japan, one analyst remains particularly enthusiastic about the future of this altcoin’s performance during the peak of the ongoing bull cycle’s bull run phase.
As we can see from the post above, this analyst explains how according to JASMY’s monthly RSI, even after the asset experienced an over 1,530% price increase, remains one of the market’s most oversold coins. This means that the natural value of JASMY could be much higher than it is at the moment.
When Will JASMY’s True Value Shine?
To explain what it means for a coin to be oversold, the analyst explains further. He says, in simple terms, it would mean that if the asset trader’s at a price that is much lower than it should, this points to a probability that the asset is worth much more than the price it is currently trading at in the market.
He finally concludes his post by saying that if JASMY goes up by more than 16.2x and still the price of JASMY is nowhere near its ‘true value’ as the RSI suggests it to be higher, then it can be clear that JASMY may be at the beginning of something much bigger.
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