Bear Market Bites: JASMY and ADA Plunge, Technicals Flash Red

• JasmyCoin experienced a sharp 28.34% decline in just one day amid market volatility.
• Cardano’s price plunges 18.10%, with a death cross pattern indicating further declines.
• Both JasmyCoin and Cardano face oversold conditions, highlighting challenges in the crypto market.

The cryptocurrency market continues to face challenges, with JasmyCoin (JASMY) and Cardano (ADA) experiencing significant price declines recently. JasmyCoin’s price plunged by over 28% in a single day, driven by intense selling pressure. Cardano (ADA) also experienced substantial losses, with its price falling by more than 18%. 

JASMY’s dramatic fall highlights the intense selling pressure in the market. The coin is trading at $0.01642, down 28.34% in the past 24 hours. The market cap stands at approximately $833.74 million, with a 24-hour trading volume of $257.68 million, indicating a 70.39% increase in trading activity.

Technical analysis reveals that JasmyCoin is trading below its 20-day Simple Moving Average (SMA) and has experienced a significant decline in its Relative Strength Index (RSI), now at 26.56. This suggests that the coin is currently oversold, reflecting bearish mar…

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