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Crypto Gainers for May 2: Bittensor (TAO),Dogecoin (DOGE) and JasmyCoin (JASMY)

Irene Mukiri by Irene Mukiri
2 months ago
in Price Predictions
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Crypto gainers for May 2: Bittensor (TAO),Dogecoin (DOGE) and JasmyCoin (JASMY)
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  • The price of Bittensor (TAO) increased by 1.36% through strategic investor accumulation even though its trading volume fell by 28.32%.
  • Dogecoin (DOGE) achieved a 1.16% increase as traders showed growing interest according to its 8% rise in trading volume.
  • JasmyCoin (JASMY) increased its value by 0.86% while trading volume decreased which suggests conservative but positive market sentiment towards an almost saturated token.

Throughout a single 24-hour period Cryptocurrencies such as  Bittensor (TAO), Dogecoin (DOGE) and JasmyCoin (JASMY) demonstrated unique market patterns that indication both defensive strength and marketplace emotion and price fluctuations. Price surges for Bittensor against declining volume occurred as Dogecoin’s renewed attention strengthened its meme-coin position and JasmyCoin showed a slight upward trend with flat volume because of caution among investors. These movements create a clear image of how fast-moving crypto market changes affect digital asset markets which continue to be shaped by investor conduct.

Bittensor (TAO)

Bittensor (TAO) achieved a price growth of 1.36% that elevated its value to $368.54 although its trading volume declined substantially by 28.32% to $108.84 million during the past 24 hours according to CoinMarketCap records. With 8.7 million TAO from a 21 million total supply, the market capitalization of Bittensor (TAO) currently reaches $3.19 billion. The price movement for today started around $362.95 after which it increased to $375 and experienced strong retracement before ending with a bullish trend. The price increase along with low trading volume may indicate tactical investor buying behavior while reducing the number of sellers which positions TAO as a promising candidate among valuable altcoins.

Source: CoinMarketCap

According to KNIGHT, Bittensor (TAO) has exited a stretched consolidation period during which it achieved a dominant upward direction through its breakthrough from the critical support area between $260 and $290. The four-hour chart reveals a complete reversing trend from April when prices hit their lowest point, followed by strong upward momentum because of which TAO reached $368.8. Analysis suggests additional bullish potential that may extend toward the resistance zone between $1,065.1 to $866.3. The crypto has moved past multiple previous resistance points (marked in blue) indicating that market accumulation has turned into expansion. Price discovery mode has taken TAO above $368.8 according to both price and volume movement while bullish traders watch these summer targets.

Source: X

Dogecoin (DOGE) 

According to CoinMarketCap price data Dogecoin (DOGE) has increased by 1.70% and now trades at  $0.1819 throughout the last 24 hours. The market cap and 24-hour trade volume of Dogecoin (DOGE) indicate growing investor interest since its market cap reached $27.12 billion while 24-hour trading volume surpassed $1.11 billion at an 13.46% increase. The price chart demonstrates significant volatility during the day when the value reached its lowest point at $0.1793 before stabilizing at intra-day highs at $0.184. Dogecoin sustains its 149.09 billion circulating supply because it implements an inflationary monetary model which has no limit on its maximum token count. The cryptocurrency market volatility affects DOGE but the token has proven its ability to withstand these market movements.

Source: CoinMarketCap

According to Trader Tardigrade,a strong best movement is approaching Dogecoin (DOGE) based on technical indicators, which confirm historical patterns. The graph demonstrates how DOGE repeatedly rebounces from a steady upward trendline (black) to create round bottom patterns (purple) before its RSI crossover events match past major price increases. RSI technical indicator has risen above its smoothing average in an intense upward direction (marked by pink arrow) which indicates upcoming powerful price changes in the market. At its current trading level of $0.17 DOGE shows promising signs of climbing beyond $0.90 in the next few months while the RSI exceeds 60 levels. Another strong bullish cycle for the meme coin might begin with successful application of this setup.

Source: X

JasmyCoin (JASMY)

JASMY experienced minor market growth during the previous day when it gained 0.86% to reach $0.01705 according to CoinMarketCap statistics. The total market capitalization reached $843.33 million but the trading volume dropped 1.42% to $42.69 million which demonstrates limited momentum during this period. The price graph depicts continuous growth starting at $0.01695 and reaching $0.0176 during the day then returning to stabilize near $0.0170. JASMY has achieved nearly complete distribution because 49.44 billion tokens exist in circulation among the 50 billion max total supply. Crypto Market traders demonstrate tentative positive feelings based on the price gains even though volume metrics are in a state of inconsistency.

Source: CoinMarketCap

According to STEPH IS CRYPTO, JasmyCoin (JASMY) will experience a major fifth wave rally because it stands at the end of its fourth wave within a classic Elliott Wave pattern. The price movement illustrates a classic five-wave pattern where the current Wave 4 shows potential for $0.011 before starting an upward trend. An upcoming fifth wave in JASMY price movement might generate new maximum prices exceeding $0.90 at the same time it delivers significant crypto market value growth. Technical predictions indicate JASMY remains strong enough for conquering the altcoin market in its upcoming developments.

Source: X

Tags: BittensorDogecoinJasmyCoin
Irene Mukiri

Irene Mukiri

Irene Mukiri, a crypto enthusiast and writer, embraces travel. As a digital nomad, she delves into the potential of blockchain technology, showcasing its capacity to unite and empower humanity in her writing.

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