JasmyCoin Soars on Apple News, Analysts Eye Bullish Future

JasmyCoin Soars on Apple News, Analysts Eye Bullish Future

JasmyCoin (JASMY) surged over 20% in the past 24 hours after news broke of its integration with Japan’s My Number Card on iPhones. This partnership, announced by the Japanese Prime Minister, signifies a major step for Jasmy’s technology and could propel the coin’s price further.

TL;DR

  • JasmyCoin integration with Apple’s My Number Card is a major development.
  • Technical analysis suggests potential for continued price growth.
  • Investor sentiment is bullish on JASMY’s future.

Jasmy’s Integration with Apple

Japan’s My Number Card, a digital ID system, will be available on iPhones starting next Spring. This integrates JasmyCoin technology into Apple products, boosting its visibility. The news sparked a surge in JASMY’s price, reflecting investor optimism.

Jasmy Price Prediction

Bullish predictions for 2024 range from $0.029210 to $0.056815. Some analysts believe JASMY could reach $0.1 by year’s end. Long-term predictions are more varied, with some expecting continued growth.

JASMY/USD Technical Analysis

Analysts identified a bullish flag pattern on the daily JASMY chart, indicating a potential price rise. The recent price correction is seen as temporary, with further growth expected.

Some analysts predict JASMY could reach $0.04 soon, while others are more bullish with targets of $0.1 or even higher.

Support and Resistance

  • Current price: $0.02535
  • Resistance levels: $0.028643, $0.042908
  • Support levels: $0.021773, $0.014670

 

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Arslan Butt
Index & Commodity Analyst
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.
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