JasmyCoin (JASMY), Cosmos (ATOM), and Bittensor (TAO) are emerging as the most impressive-performing cryptocurrencies in the past 24 hours. Leading the market enthusiasm, JasmyCoin has broken out strongly with double-digit gains, as buying pressure continues to dominate and fuel expectations of reaching higher milestones. Conversely, Cosmos and Bittensor, although still maintaining a positive trend, are beginning to slow down as their upward momentum weakens after six consecutive recovery sessions.
JasmyCoin Approaches a Key Psychological Level
As of Wednesday, JasmyCoin is trading around $0.00950, following an impressive breakout with a 27% increase in the previous session. This strong recovery is pushing JASMY close to the 200-day EMA at $0.01105 – a critical technical threshold.
In the scenario where the price decisively breaks above this long-term moving average, the bullish trend is likely to be reinforced and expanded, with the next target around $0.01361 – a level last tested on 10/3.
Daily JASMY/USDT Chart | Source: TradingView Technical signals on the daily timeframe are clearly favoring the bulls. The RSI has surged to 79, entering overbought territory, indicating strong buying pressure but also warning of a potential correction if the rally becomes overheated.
At the same time, momentum remains supported as the MACD continues its steady upward trend, accompanied by expanding green histogram bars, reflecting the strength of the current bullish momentum.
In a less optimistic scenario, if JASMY fails to sustain its upward momentum and reverses from the $0.01000 level, the price could retreat to test the support at $0.00779 – the recent low established on 11/4.
Cosmos Cannot Extend 6-Day Recovery Streak
Cosmos experienced a slight correction of about 2% as of Wednesday, ending its six consecutive days of gains. The daily decline pushed the price back toward the 2.346 USD low formed on 11/4, and it approached the 50-day EMA at $2.321 – a key support zone.
Daily ATOM/USDT Chart | Source: TradingView On the daily timeframe, momentum indicators are sending mixed signals as ATOM’s price trend shows signs of stalling. The RSI has fallen to 66 after leaving overbought territory, reflecting waning buying strength. Conversely, the MACD and its signal line continue to expand upward, indicating that the overall bullish momentum remains intact.
On the downside, the October 11 low around $2.856 now stands out as the nearest resistance level that bulls need to overcome to resume the upward trend.
Bittensor’s Recovery Stalls Below $300
Bittensor (TAO) failed to sustain its six-day recovery streak when it was unable to break through the psychological $300 level. At the time of reporting, TAO was down over 3% in Wednesday’s session, approaching the 50-day EMA at around $271 – just slightly above the critical support zone at $260.
In a negative scenario, if the $260 support is broken, selling pressure could increase, pushing the price down toward $206 – the low established on 12/24.
Daily TAO/USDT Chart | Source: TradingView Similar to Cosmos, momentum indicators on TAO are sending mixed signals. The RSI at 62 has turned downward from overbought levels, while the MACD and its signal line continue to trend upward, suggesting that buying interest has not fully waned.
Conversely, if TAO successfully regains the $300 level, the rally may face significant resistance at around $312 – the nearest resistance level tested on 12/12.
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