• The crypto market struggles as Bitcoin (BTC) price struggles to regain $70,000 price level.
• Altcoin dominance is moving upward on an overall scale, analysts expect new ATHs soon.
• JasmyCoin (JASMY) is one of the leading altcoins to make massive price surges this cycle.

The crypto market is at a standstill as the price of Bitcoin (BTC) stands at $64,000. The crypto community expects Bitcoin to rise and surpass $73,000 once again to set a new ATH, one that will surpass 80,000. However, the small dips in Bitcoin price make many holders skeptical and panic sell even at the smallest dip.

With Bitcoin (BTC) price being uncertain, the prospects for a fruitful altseason is also in question. Analysts believe that altseason will arrive and bring new ATHs for many altcoins and JasmyCoin (JASMY) is one the most bullish altcoins in the space.

JASMY Remains Bullish Despite Market Dip

According to CoinMarketCap analytics, the price of JASMY stands at $0.02775 which shows that the asset has dipped by only 4.37%. This marks that the asset is bearish on the daily chart but bullish on the weekly and monthly charts. The altcoin also has a total market cap of $1,367,815,441 and a 24 hour trading volume is $126,194,089 which is up by almost 13%.

Presently, the expectations for JASMY are also in question as a popular crypto analyst Steph is Crypto makes a concerning observation on the JASMY price chart. In detail, he notices a bearish RSI divergence for JASMY price and shares an in-depth video about the short-term and long-term expectations for JASMY.

What JASMY Presents for the Long-Term

In the video the analyst says that overall JASMY is still bullish for the asset is setting higher highs and lower lows and remains bullish for the altcoin. He says the end of 2024 and the start of 2025 will be a very bullish time for crypto and especially for altcoins.

During this time he says the total crypto market cap will increase immensely and DCAing into JASMY is a good option for traders. He says overall, altcoins are on an uptrend and expect altcoin dominance to happen shortly in a few months alone, JASMY at the lead.

The same analyst has also been keeping a close watch on a huge cup and handle pattern on the JASMY chart. This matches well with his expectation of JASMY price shooting up to $0.6. Ultimately, the JASMY team expects JASMY price to hit $17 meaning the asset is certainly bullish for the long term.