Crypto prices had an encouraging performance this week as Bitcoin finally made a bullish breakout and jumped above the key resistance at $45,000. This surge happened as investors cheered the performance of Bitcoin ETFs as inflows jumped. IBIT and FBTC are breaking out in terms of assets and stability. This article looks at some key cryptocurrencies like Dymension (DYM), Jasmy, and Bitcoin SV.
Bitcoin SV price prediction
Bitcoin SV (BSV) was in the spotlight this week as Craig Wright testified in a London court. This was an important move because Wright has always claimed that he is the real Satoshi Nakamoto, the creator of Bitcoin. Most people don’t believe that so, the ongoing case will shed more light on this.
BSV price rose above $75 on Friday morning also because of its close correlation with Bitcoin. In most cases, the two coins tend to move in the same direction. On the daily chart, we see that Bitcoin SV bottomed at $64.86 as BTC settled at $38,500 after the spot Bitcoin ETF approval.
It has now bounced back and is approaching the key resistance point at $80. Additionally, the coin has remained above the 100-day Arnaud Legoux Moving Average (ALMA). Further, the two lines of the Percentage Price Oscillator (PPO) have formed a bullish crossover as the histograms have risen above the neutral point.
Bitcoin SV’s volume has also risen modestly in the past few days. Therefore, the outlook for BSV is bullish as buyers attempt to test the key resistance point at $110, its highest point this year. This means that it could jump by more than 44% from the current level. The key catalysts for the asset will be the BTC strength ahead of the upcoming Bitcoin halving event.
Jasmy price forecast
JasmyCoin is a popular small-cap cryptocurrency that has a market cap of more than $268 million. It is often seen as Japan’s Bitcoin even though the two have different roles in the industry. Bitcoin’s goal is to be an alternative to the US dollar, a fiat currency that is controlled by the Federal Reserve.
Jasmy, on the other hand, is an advanced cryptocurrency whose goal is to help people and companies deal with their privacy issues. Like other digital currencies, JASMY peaked at $0.0074 when BTC jumped to $49,000 in January and then pulled back. In this case, it retreated to $0.0045 and has then bounced back. Jasmy is now attempting to cross the 50-day ALMA indicator while the PPO is about to flip the neutral point.
It has also formed a small inverse head and shoulders and cup and handle patterns. Therefore, the outlook for this token is bullish, with the next reference point being at $0.065.
Dymension price prediction
Dymension (DYM) was one of the best-performing cryptocurrencies this week after launching a highly-successful airdrop. The token surged to a high of $8.34, which was much higher than its opening price of $5. As a result, its total market cap surged to more than $1 billion, making it one of the most successful tokens this year.
Dymension is a Cosmos blockchain that aims to create a single standard for rollups in the industry. Therefore, I suspect that the DYM token will have some volatility in the coming days as some initial buyers take profits. Besides, it has already formed a small double-top pattern. In this case, the token could slip to the key support at $7 and then rebound later this month.
Which crypto is the best to buy?
So, which is the best crypto to buy among the three? In this case, I believe that the three are good buys especially because digital currencies are in a bull run. But, I would give Dymension time to settle before initiating a position. Historically, we have seen many new tokens like Celestia and Sui retreat sharply after going public. Therefore, I’d buy Bitcoin SV and Jasmy initially.
