Analyst Says JasmyCoin Can Deliver ‘Pure Market Eliteness’ – Here’s His JASMY Price Outlook

Crypto analyst Javon Marks has shared a bullish outlook for JasmyCoin (JASMY), predicting substantial price increases soon. In a tweet, Marks highlighted several technical indicators that suggest JASMY could be poised for growth.

Besides, he shared targets set at $0.2785 and a potential rally reaching $4 in the long term. Marks’ analysis of the JASMY chart reveals several key factors supporting a positive price trajectory.

The chart indicates a possible change from a bearish to a bullish perspective by showing a break from a descending trendline. Higher highs and lows, a classic indication of an uptrend, corroborate this breakout even further.

The analyst noted the presence of confirmed bullish patterns that have successfully broken out of previous resistance zones. These patterns, combined with the price action, suggest that JASMY has moved out of a consolidation phase and may be preparing for an uptrend.

Volume Supports Price Action

An important aspect of Marks’ analysis is the emphasis on increasing bullish volume. The chart includes a volume indicator showing rising trading activity coinciding with breakout periods. This surge in volume is often a crucial factor in validating breakouts and supporting continued price appreciation.

The alignment of bullish patterns, breakouts, and increasing volume provides a strong foundation for the analyst’s optimistic outlook on JASMY’s future price performance.

Celebrate Dogecoin and Make Big Gains with Doge2014!

Doge2014 raises 500K in days celebrating Dogecoin. Make potentially big profits and get in on exclusive airdrop!

Show more +

Read also: PENDLE Price Surges, Analyst Projects $20 Target for Q4

Price Targets and Potential Gains

Based on the technical analysis, Marks has set two price targets for JASMY. The first target is $0.2785, which would represent a gain of over 1,314% from current levels. This projection aligns with measured moves typically associated with breakout patterns in technical analysis.

The second, more ambitious target is set above $4, indicating a highly bullish long-term outlook for the crypto. While this target suggests exponential growth, it’s important to note that such projections are based on technical analysis and may not account for fundamental factors or market conditions.

Follow us on X (Twitter)CoinMarketCap and Binance Square for more daily crypto updates.
Get all our future calls by joining our FREE Telegram group.

We recommend eToro

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more
Active user community and social features like news feeds, chats for specific coins available for trading.
Wide range of assets: cryptocurrencies alongside other investment products such as stocks and ETFs.
Copy trading: allows users to copy the trades of leading traders, for free.
User-friendly: eToro’s web-based platform and mobile app are user-friendly and easy to navigate.
intelligent crypto
How are  regular people making returns of as much as 70% in a year with no risk?  By properly setting up a FREE Pionex grid bot - click the button to learn more.
Crypto arbitrage still works like a charm, if you do it right! Check out Alphador, leading crypto arbitrage bot to learn the best way of doing it.

Tags:

Samuel Munene
Samuel Munene

Samuel is a vesatile and seasoned content editor with a sharp eye for detail and a passion for writing. Web3 techonology is the future! With massive experience in the publishing industry, I specialize in refining and enhancing written material to ensure clarity, coherence, and engaging narratives.

CaptainAltcoin
Logo