Cryptocurrency Markets Under Scrutiny: Mixed Technical Signals – Volatility Increasing

While JasmyCoin (JASMY) shows an impressive rally, Cosmos (ATOM) and Bittensor (TAO) come under pressure. The mixed signals indicate a market consolidation – similar to traditional markets, where gold and other safe havens recently also came under pressure (gold price forecast remains volatile).

ATOM under pressure: Expectation of a pullback to the 50-day EMA

After six consecutive winning days, Cosmos (ATOM) faces a correction. With the current price at $2.54 (-3.90% in 24h), the coin signals natural profit-taking. The pullback is guided by two critical levels:

• 50-day EMA at 2.321: This is the first resistance; holding above this level would preserve the long-term uptrend.
• Support at 2.346: The November 4th low acts as psychological support.

The RSI at 66 already shows overbought signals and is turning downward – a classic sign of waning buying pressure. However, MACD and the signal line remain higher, meaning: the overall momentum is not finished, just slowing down. If ATOM breaks this support zone, the next barrier could be at 2.856 (October 11th low) – but only if a stable bottom is formed first.

JASMY dominates – but overheating is obvious

JasmyCoin, on the other hand, shows a completely different dynamic. After the explosive 27% rally on Tuesday, JASMY is now at $0.01 (-3.84% in 24h). This renewed weakness should not be misleading – the sixth consecutive winning day clearly indicates a different story.

The technical situation is tense:

The RSI at 79 signals extreme overboughtness – a level that typically warns of consolidations. At the same time, MACD with green histogram bars indicates that the bulls are not ready to give up yet. Target levels for the coming days are:

• 0.01000: The psychological threshold where institutional stop orders and take profits sit.
• 200-day EMA at 0.01105: A breakout here could enable a rally up to 0.01361 (October 3rd level).

In a downside scenario, a fall back to 0.00779 (November 4th low) could occur. Traders should pay particular attention to volume here – high volume on declines signals serious selling pressure.

TAO remains stuck: The $300 mark as Achilles’ heel

Bittensor (TAO) shows the weakest picture among the three analyzed coins. Currently at $284.80 (-2.19% in 24h), TAO repeatedly fails to establish above $300. The coin is dangerously approaching the 50-day EMA at 271, which is just above the critical support zone at 260.

The RSI at 62 already signals a turn from the overbought zone downward – similar pattern to ATOM, but with less strength. MACD still shows rising lines, but the market is waiting for a new impulse.

Critical scenarios for TAO:

• If TAO stays above 271, there’s a chance to return to 300 and possibly 312 (tested on December 12th).
• If TAO breaks below 260, it will quickly become uncomfortable: then 206 (December 24th low) comes into focus.

Conclusion: When does it get interesting?

The crypto market currently shows classic consolidation patterns. JASMY offers short-term opportunities but is overheated. ATOM and TAO are more likely to invite mid-term buy-ins once they stabilize their support zones. During such phases of volatility, it’s wise to also observe alternative assets like gold price movements – diversification remains the best risk management.

Important: All figures are snapshots. Technical indicators alone cannot guarantee market future. Risk management and position sizing are more crucial than the perfect entry point.