JasmyCoin Announces New Partnership, JASMY Price Pumps

JasmyCoin's CFO "HARA" announced on Twitter that they are very happy with their new collaboration with Gains Network.

JasmyCoin’s (JASMY) price pumped 7% today after its CFO announced a new partnership with Gains Network. Here’s what happened, and how JASMY price reacted.

JasmyCoin’s CFO “HARA” announced on Twitter today that they are excited to announce their new collaboration with Gains Network.

Moments before HARA’s tweet, Gains Network announced the listing of JASMY on their platform.

Several other exchanges have already listed JASMY, including Binance, MEXC, KuCoin, and others.

We are very pleased with this collaboration!$JASMY @GainsNetwork_io#Janction

JASMY Price Reaction and Technical Analysis

JASMY price reacted fairly well to this news, pumping 7% today. Current price now stands at around $0.028.

I last analyzed the JASMY/USD chart a couple of weeks ago, and the chart hasn’t changed all that much since then.

The price broke out of the descending channel after it breached the $0.026 resistance.

Now, the price is in discovery mode, but we haven’t seen any significant pumps just yet. The next psychological area is at $0.03, and after today’s 7% pump, the price isn’t all that far away from there.

The all-time high still stands at $0.04, which is another big resistance zone. But first things first – the $0.03 resistance.

There is one technical indicator – the 200-day Moving Average (MA) – that shows JASMY is in an uptrend when you look at the longer time frame on the chart. The 200-day MA is currently at $0.012 for JASMY, indicating that the price has been trading above this long-term average, which is generally considered a bullish signal.

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To summarize, JasmyCoin is certainly an interesting one. With continued development activity, exchange listings, and a “healthy” chart, there’s really not much more you can ask for from a crypto project. The only area where JASMY seems to be lacking is in marketing.

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