JasmyCoin Price Prediction: JASMY has surged 15% and an insane 235% in one month, but can it outperform this new Solana Meme coin that outperforms challenging Bonk ($BONK) and Myro ($MYRO)?

adminFebruary 29, 2024

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JasmyCoin price has surged 15% in the last 24 hours. Traded at $0.01811 As of 5:06 a.m. EST, trading volume had increased 77% to $579 million.

This follows increased user interest and the Guarda Wallet listing, which saw the coin increase by 235% in the past month.

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It’s started!🚀 🚀 🚀@HARA_JasmyCFO @JasmyMGT $Jasmy #BTC pic.twitter.com/rFrORbdxa9
— Janction (@JanctionMGT) February 27, 2024

Will the partnership help drive JASMY prices further?

JasmyCoin price strengthens, breaks above bullish pennant

JasmyCoin price chart analysis Source: Tradingview.com — JASMYUSD Chart Analysis Source: Tradingview.com

JasmyCoin price has been in a consolidation phase since the beginning of the year and is trading within the $0.006 range. However, the bulls appear to have won the fight, pushing the price onto an upward trajectory through the mark-up phase.

Nonetheless, it faced resistance at $0.0123 and the price moved back slightly to the support level around $0.010.

JASMY bulls remain resilient as the price has already crossed the upper boundary of the bullish pennant just before a slight retracement. JASMY is currently trading above its 50-day and 200-day simple moving averages (SMAs), indicating that the price is poised to move higher.

Additionally, the Relative Strength Index (RSI) is rising from the 50 midline area to 65, indicating increasing buying pressure as optimism surrounding the token increases.

Jasmi MACD

The moving average convergence divergence (MACD) is also bullish. This is because the moving average line (blue) crosses above the signal line (orange), indicating a bullish crossover. These crossovers often serve to encourage bulls to add more buying, which can push the price even higher.

Moreover, the green bar in the histogram extends above the zero line, indicating the beginning of a bullish trend, further supporting the bullish sentiment.

JasmyCoin price prediction

JasmyCoin price analysis has a bullish bias as the price is trading within a bullish pennant. Additionally, the 50-day SMA is trading above the 200-day SMA, forming a golden cross at $0.00535. Bulls are trying to leverage these factors to push the price higher and break the pennant’s upper limit, targeting $0.0246.

However, if the bulls take control of the price at this level, a retracement could push the price higher, reaching $0.01265, which coincides with the lower limit of the pennant.

With JASMY bulls showing gains over the past month, others are looking for the next meme coin sensation. Some analysts say this may be Solana-based Smog, a project that promises to be the source of all airdrops.

Smog rises 100x with next-generation Solana meme coin

smoga newcomer to the Solana blockchain, aims to dominate Solana-based meme coins, including BONK, MYRO, and WIF, as evident in its slogan “One meme coin rules them all.”

one #memecoin To rule them all! 🚀
Get ready for the best moment #airdrop Distributed in History #Solana. 💰
join #smog From Jilly! 🔥
Profile link 🔗 pic.twitter.com/vsn4p5cSF4
— Smog (@SMOGToken) February 8, 2024

The project is already gaining popularity, with over 30,000 holders and a market capitalization of $38 million.

The project aims to achieve a $700 million JUP airdrop, and the team has allocated 35% of Smog’s 1.4 billion token supply for the upcoming airdrop, which it calls “the largest in history.”

To qualify for the airdrop, the easiest way is to: Buy and hold Smog tokens In your wallet. You can also perform and complete various tasks managed by Zealy. There are over 10,000 airdrop members who have completed over 700,000 quests.

Buy and stake to receive 42% annual rewards

Smog has a staking protocol, which allows you to earn passively. Staking earned $SMOG tokens Achieved an impressive Annual Percentage Yield (APY) of 42%.

According to renowned crypto analyst and YouTuber CryptoGains, Smog has 100x potential at launch.