JASMY had a rollercoaster ride today. Intraday, the token lost almost 15% before reversing sharply. At the time of writing, JASMY is down "only" 3%.
More importantly, JASMY bounced back to its crucial support level. Although the market is currently heavily driven by external factors and less by a token's chart, it would be important to close the weekly candle at or above this level.
Otherwise, the selling pressure could increase even more when Bitcoin starts the week with another sell-off.
Additionally, IF this were the bottom, JASMY would have been able to make a higher low compared to early July, which would be the first bullish sign of a reversal.
More importantly, JASMY bounced back to its crucial support level. Although the market is currently heavily driven by external factors and less by a token's chart, it would be important to close the weekly candle at or above this level.
Otherwise, the selling pressure could increase even more when Bitcoin starts the week with another sell-off.
Additionally, IF this were the bottom, JASMY would have been able to make a higher low compared to early July, which would be the first bullish sign of a reversal.
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