Will Jacai stop this main resistance? Watch out for 2 main signs!

Main meals

JASMY facing major resistance at $ 0.01786. Price data on the chain and price indicate that the continuous gains depend on removing $ 0.02139 while confirming the size.

JASMYCOIN (JASMY) has published a strong gathering across multiple time frames. Altcoin has increased by 16 % over the past 24 hours, raised its gains for 30 days to 41 %.

While the total market conditions remain bullish, as trading activity and increased purchase momentum increased, Jasmy is still facing great resistance in the future.

The main penetration, but the resistance waves on the horizon

The last jasmy penetration comes as altcoin pushed through the upper resistance of a convergence channel.

Based on the structure of the historical graph, the next possible goal is located near $ 0.02139. However, a look at the daily chart revealed a big obstacle: rejecting prices near the $ 0.01786 area.

Source: TradingView

The perception of the magnification shows that the price has been rejected in this region, indicating that the sale orders are concentrated there and have caused the recent decline.

However, this refusal does not confirm the landmark. On the contrary, just a fracture above $ 0.01786 is not enough to confirm the full upward trend as well.

A full climbing assertion will occur if Jasmy is broken from $ 0.02139, which is a new higher height.

What do the indicators say?

Of course, indicators presented conflicting views.

The moving medium tape showed that MAS for 100 days and 200 days is still hovering over the diamonds of 20 days and 50 days. This composition means that the broader trend has not escaped ascending despite the recent gains.

Source: TradingView

Meanwhile, average medium rapprochement (MACD) offers a more optimistic view.

The MACD (blue) line sits over the (orange) signal line, which historically indicates a strong momentum and the possibility of continuing prices.

However, for a more persuasive bullish signal, you will need the low MAS (20 and 50) to cross MAS in the long run.

An additional meeting on the market

The derivative market adds more bullish support.

JASMY financing average open interest is likely Remain Positive and high, currently sitting 0.0141 %, for each coinglass.

A positive financing rate constantly indicates that more long contracts (purchases) of short pants are opened, which reflects comprehensive upscale feelings.

Source: Coinglass

Sustainable readings above zero usually increase the leverage of buyers and increased confidence.

The activity on the series reflects the upscale feelings

The activity emphasized the series’s optimism, with many scales that show noticeable screws.

During the past 24 hours, the number of transactions and the number of unique addresses that interact with JASMY has increased significantly, according to ETHERSCAN.

Source: ethescan

At the time of reporting, these measures rose to 349 and 238, respectively-a clear sign of increasing participation in the chain.

If this activity continues to rise, it may provide basic support for continuous prices.