Top analyst Cheeky Crypto, with over 170k subscribers on YouTube, gave some pointers regarding JasmyCoin and his prospects for the coin’s price in 2025.
He pointed out that JasmyCoin’s price hit its highest back in November 2021 but then took a big hit, falling all the way down to its lowest point in December 2022.
The drop was pretty dramatic – the price fell by 99.25% from its peak. Things have started looking better since then, though. Looking at the price patterns, the analyst thinks JasmyCoin might be in the last upward move of what traders call an Elliott Wave pattern.
The Elliott Wave analysis has identified five key impulsive movements, with Jasmy currently situated in the fifth wave. This stage often signals the completion of an uptrend, after which a corrective phase may follow. Such corrections tend to retrace between 38.2% and 50% of the previous upward movement, offering traders key levels to monitor.
Moreover, key retracement levels include $0.21, representing a 38.2% pullback, and $0.14, indicating a 50% retracement. These levels could act as areas of support if JasmyCoin’s price undergoes a correction following its current upward wave.
What you'll learn 👉
JasmyCoin 2025 Price Projections
Cheeky Crypto has offered conservative and aggressive price targets for JasmyCoin in 2025 based on technical indicators.
The conservative price target places Jasmy between $0.111 and $0.193. This range appeals to risk-averse investors who may seek to lock in profits. On the other hand, an aggressive scenario projects a higher range, with targets spanning from $0.393 to $0.858.
In a breakout scenario, JasmyCoin’s price could enter discovery mode if it surpasses $0.85. A further rally above $1.39 could transform the structure into a larger macro five-wave pattern, signaling further upward potential.
Read Also: XRP Price Pumps Amid Ongoing Developments Around Ripple
Key Levels to Watch
Investors are monitoring two critical factors: retracement levels and breakout zones. The $0.21 and $0.14 levels serve as retracement benchmarks if a correction occurs. For bullish investors, breaking through 0.85 is a key milestone that could push JasmyCoin’s price into uncharted territory.
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