JasmyCoin (JASMY) has recently experienced a significant surge, with a 16% increase over the past 24 hours and a 41% gain over the last 30 days. This positive momentum is reflective of the overall bullish market conditions, characterized by increasing trading activity and growing buying momentum. However, despite these gains, JASMY is currently facing a key resistance level at $0.01786, which has resulted in a recent pullback.
The recent breakout of JASMY saw the altcoin breaking through the upper resistance of a descending channel. While the next potential target for the coin is near $0.02139, the major hurdle lies at the $0.01786 zone, where price rejection has been observed. This rejection indicates that there is a concentration of sell orders at this level, which has triggered the pullback. It is important to note that breaking above $0.01786 is not sufficient to confirm a full bullish trend. A complete bullish confirmation would require JASMY to break above $0.02139, forming a new higher high.
In terms of technical indicators, the Moving Average Ribbon suggests that the broader trend has not yet turned bullish, as the 100-day and 200-day moving averages are still above the 20-day and 50-day moving averages. On the other hand, the Moving Average Convergence Divergence (MACD) presents a more optimistic view, with the MACD line sitting above the signal line, indicating strong momentum and the potential for continued price growth.
The derivatives market also provides bullish support for JASMY, as the Open Interest Weighted Funding Rate remains positive and elevated. This suggests that more long contracts (buys) are being opened than shorts, reflecting an overall bullish sentiment among traders.
On-chain activity further confirms the bullish sentiment surrounding JASMY, with notable spikes in both the Transaction Count and the number of Unique Addresses interacting with the coin. This increased on-chain engagement indicates growing interest and support for JASMY, which could potentially fuel a sustained price rally.
Overall, while JASMY faces a key resistance level at $0.01786, breaking above $0.02139 with volume confirmation could pave the way for further gains. The current market conditions, technical indicators, and on-chain activity all point towards a positive outlook for JASMY, suggesting that the altcoin may be poised for continued growth in the near future. The Benefits of Incorporating Yoga into Your Daily Routine
Yoga has been practiced for thousands of years and has become increasingly popular in recent times due to its numerous health benefits. Incorporating yoga into your daily routine can have a positive impact on both your physical and mental well-being. Here are some of the key benefits of practicing yoga regularly:
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6. Increased Mindfulness: Yoga is a practice that encourages mindfulness, or the act of being present in the moment. By focusing on your breath and the sensations in your body, you can learn to cultivate a greater sense of awareness and connection with yourself. This can help you develop a more positive outlook on life and improve your overall sense of well-being.
In conclusion, incorporating yoga into your daily routine can have a multitude of benefits for both your physical and mental health. Whether you are looking to improve your flexibility, build strength, reduce stress, or simply find a sense of calm and relaxation, practicing yoga regularly can help you achieve your goals. So why not roll out your mat and give yoga a try today? Your body and mind will thank you.