- The ongoing crypto correction phase continues to slaughter the crypto market.
- JASMY has now fallen victim to this dip trend and falls by over 7% in the last 24 hours.
- Analysts notice bullish divergence patterns emerge for JASMY suggesting bull spike soon.
The crypto dip has come for JasmyCoin, as JASMY price dips below $0.04 falling by over 7% to $0.036 over the last 24 hours. As the JASMY community holds strong on their faith in the popular altcoin, new bullish information comes to light.
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According to the post above, this user notices an interesting move in the JASMY price action. He believes a hidden bullish divergence in emerging for the asset in technical analysis. During the dip, JASMY almost pushed past rank 50 as largest market cap, perhaps this bullish divergence will take it over rank 50.
He marks this pattern that indicates a continuation in an already existing uptrend which means JASMY is gearing up for another leg up. In particular, this pattern will take the asset to form higher lows while the momentum oscillator forms lower lows giving the impression of a price pullback.
However, this increases buying pressure which in this case is still very strong. Thus, a bullish continuation takes place. For JASMY specifically, this pattern could yield a 200% uptrend and take the asset up in a massive upwards trendline very soon.
Meanwhile, another user shares how JASMY price has broken down its upward channel and wonders if it can hold its bullish structure. To this he says that the marco bullish structure holds up but could very much go through a retest at $0.035. It it breakthrough then a bounce up is imminent.
Despite this analysis, the user believes that the asset should form new structures to truly see if JASMY is bullish or not. Even so, he expects the JASMY price to surpass $0.05 this JUne and hopes to see the asset pull through.
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