CandleFocus

70% of Jasmy Holders ‘In the Money'—Will' Bulls Take Over?

Author: Content Editor
In the past 24 hours, Jasmy Coin has experienced a 9.81% dip in value and is trading at $0.03405. This decline in value is due to the Federal Reserve's rate cut causing increased volatility in the market. There are concerns that this rate cut could lead to inflation, resulting in a 4.16% decrease in the total crypto market cap.

Bitcoin falling below $100k reflects the uncertainty in the market, and Jasmy Coin has also been volatile throughout December. Currently, the token is stabilizing at $0.0340. The cryptocurrency has experienced significant fluctuations this month, ranging from $0.02450 to $0.04850, and is currently consolidating around the $0.03999 liquidity zone. The token's direction will depend on whether it breaks through resistance at $0.04850 or falls towards $0.02450.

Indicators such as the Supertrend, CMF, and MACD suggest a downtrend in the market, unless Jasmy Coin can reclaim ground above $0.03999. Intotheblock data shows that the majority of Jasmy holders are 'In the Money,' meaning they bought their coins at a cheaper price. However, a portion of addresses are 'Out of the Money,' holding tokens worth more than their current value.

Resistance near $0.042061 is predicted based on the analysis of "In the Money" and "Out of the Money" addresses. The long/short ratio indicates a changing market sentiment, with initial dominance of long positions shifting to renewed optimism on December 11th. Currently, the ratio nears parity at 0.90, suggesting a balanced market. Jasmy Coin is in a critical phase, and support and resistance levels will determine its future direction.

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