Top 3 altcoins with prominent trends today - January 9

JasmyCoin (JASMY), Polygon (POL), and Monero (XMR) continue to maintain a green trend over the past 24 hours, indicating a notable recovery effort from this group of assets. However, JasmyCoin still faces many difficulties as it approaches a key psychological resistance level, while Polygon and Monero appear more resilient as they extend their recovery momentum. On a broader scale, the technical outlook for these coins remains uncertain, amid signs of a market slowdown in the entire cryptocurrency space and cautious investor sentiment awaiting a ruling from the US Supreme Court regarding President Donald Trump’s tax policies.

JasmyCoin Faces Challenges at a Key Psychological Barrier

As of writing on Friday, JasmyCoin has corrected downward by nearly 2% after a strong breakout of almost 15% in the previous session. The upward momentum has stalled as the coin encounters a major obstacle at the critical psychological level of 0.01000 USD — a resistance level that has continuously suppressed the price since early November.

In a positive scenario, if JASMY successfully breaks through the 0.01000 USD mark, the price could extend its rally toward the supply zone around 0.01100 USD, a level last tested on October 29.

Daily JASMY/USDT Chart | Source: TradingView Technical signals on the daily timeframe continue to favor an uptrend. The RSI remains around 68, approaching overbought territory, reflecting strong demand, while the MACD lines continue to widen, indicating sustained bullish momentum.

Conversely, if the price fails at the 0.01000 USD resistance and reverses to a correction, JasmyCoin could face downward pressure toward the support zone near the intraday low of November 4 at 0.00779 USD.

Polygon Rebounds Steadily, Approaching the 100-Day EMA

Polygon continues its impressive recovery streak for the ninth consecutive session, approaching the important resistance level of 0.1400 USD. At the time of writing, POL has gained about 3% on Friday, following a more than 6% breakout the previous day, showing that buying pressure remains dominant.

If the price can decisively break above and hold above 0.1400 USD, the rally is likely to extend, with the next target being the 100-day exponential moving average (EMA) at around 0.1501 USD.

Daily POL/USDT Chart | Source: TradingView Similar to JasmyCoin, technical signals on the daily chart for Polygon are leaning toward a positive scenario. The RSI has risen to 72, indicating overbought conditions and strong buying interest, while the MACD continues its upward trend with increasing green histogram bars.

However, in a less optimistic scenario, if POL fails to surpass the 0.1400 USD level and reverses downward, the price could retreat to test the support zone near the 50-day EMA at 0.1270 USD.

Monero Approaching the 500 USD Milestone

Monero has recorded a modest gain of about 1% as of Friday, following a 3% increase in the previous session. This privacy-focused coin is maintaining a steady recovery trend amid Zcash facing governance uncertainties, which temporarily helps Monero expand its market share.

From a technical perspective, the area around the psychological 500 USD level — coinciding with the December 20 high at 498 USD and the R1 pivot point at 501 USD — is emerging as a key short-term resistance zone.

Daily XMR/USDT Chart | Source: TradingView The RSI currently stands at 59, above the neutral threshold, indicating that buying pressure is dominant and there is still room for upside. Meanwhile, the MACD line continues to rise and approaches the signal line, reflecting a weakening downward momentum. A MACD crossover above the signal line would confirm a return to an uptrend and trigger a buy signal.

In a negative scenario, if Monero loses the support at 450 USD, the price could reverse to test the 50-day EMA around 418 USD.