On-chain Implications On Price

31 Ağu

Its holders have grown, MVRV is showing an undervalued state, increasing transactions, and lesser correlation to BTC, and a recent interview with the CFO has marked optimism in Jasmy.
Per its price action, it trades near a crucial support level after the rejection from the top. The critical demand level at $0.01655 is the key area to watch because a break below this could trigger a sharp decline toward the $0.01300 mark.
However, after the liquidity grab candle on August 5th, JasmyCoin has attempted to move upside down, and many factors support the bullish bias. However, caution is necessary to avoid FOMO and DYOR.