The JasmyCoin price has plummeted 18% in the last 24 hours to trade for $0.015039 as of 6:15 a.m. EST time.

Trading volume has also dwindled by almost 50%, with the drops signaling that investors are shifting their interest away from JASMY. Nevertheless, some analysts remain bullish on the altcoin.

LONG: #JASMYUSDT.P $JASMY by @Xanrox

JASMY is breaking its 520-day symmetrical range, potentially yielding a 545% profit soon, prompted by an anticipated Elliott Wave impulse.

Join: https://t.co/ndbxlFU3a1#signals #trading #tradingopportunity pic.twitter.com/JTRV1o5MJf

— Cryptoninja.eth (@DrCryptoNinja) February 23, 2024

JasmyCoin Price Prognosis

The JasmyCoin price is confronting resistance due to the 50% Fibonacci retracement level at $0.015734. It comes after a rejection from the $0.020000 psychological level, likely associated with JASMY being massively overbought, seen with the Relative Strength Index (RSI) position above 70. With this, a pullback may be due.

The pullback possibility is high, also, because the JasmyCoin price had broken above the upper band of the Bollinger indicator. This often precedes a correction. If it does happen, the altcoin could correct to the 23.6% Fibonacci level at $0.008961. In a dire case, the load-shedding exercise could send the altcoin to the range low of $0.002726.

TradingView: JASMY/USDT 3-dau chart

On the flipside, enhanced buying pressure could see the JasmyCoin price extend the gains past the $0.200000 psychological level. In a highly bullish case, the gains could extrapolate to the peak of the market range at $0.028562. Such a move would constitute a 97% climb above current levels.

While the JasmyCoin price trades below the midrange of the market, new Solana meme coin star Smog, has skyrocketed 111% in the past week. And it’s currently offering a 10% discount for early project entrants. Analysts say it could 100X at launch.

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Promising Alternative To JasmyCoin

Smog is the latest Solana meme coin and analysts say it’s set to benefit from its dragon theme, which is likely to appeal to Chinese investors amid the onset of the Chinese New Year of the Dragon. The assumption is based on their shared dragon theme.

1 day to go! Join our Lunar New Year celebrations tomorrow from 12-4pm to celebrate the Year of the Dragon. We have some exciting events lined up to get you fired up for the new year, including lion dancing and Chinese face painting. We hope to see you there! 🐉 #bridgeofallan pic.twitter.com/HUnLEHmRPv

— Fairview International School, Bridge of Allan (@FairviewBofA) February 23, 2024

Emerging among the most talked-about meme coins in 2024 after a debut on Jupiter DEX, Smog promises the mother of all airdrops. Smog is committed to surpassing even the landmark $700 million airdrop by Solana’s JUP.

Towards this endeavor, the project has allocated 35% of the total token supply (1.4 billion tokens) for this purpose.  Project participants can accumulate airdrop points by engaging in a campaign on Zealy.

One #Memecoin to rule them all! 🚀

Get ready for the greatest #Airdrop in history, distributed on #Solana. 💰

Join #SMOG on Zealy! 🔥

Link in Bio 🔗 pic.twitter.com/vsn4p5cSF4

— SMOG (@SMOGToken) February 8, 2024

The project is a fresh entrant into the meme coin market, operating on the Solana blockchain, and it’s already burst into the ranks of the top 20 meme coins by market cap.

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Some analysts rank Smog among the best meme coins to invest in with potential for exponential gains, while others say it is one of the best penny crypto investments. And right now you can buy and stake Smog for a 10% discount. But hurry soon to catch the deal before it ends.

Visit and buy Smog here.

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• Source: https://insidebitcoins.com/news/jasmycoin-price-prediction-jasmy-plunges-18-as-experts-say-this-solana-meme-coin-might-be-the-best-crypto-to-buy-now