JASMY is getting noticed by crypto traders who think it might make a big move soon. Crypto analyst Team LAMBO shared on X (formerly Twitter) that JASMY’s price needs to break past $0.04 to climb higher. Looking at the price charts and market signals, some believe it could reach $0.08 if things go well.
What you'll learn 👉
Key Resistance Levels and Descending Trendline
The technical analysis shows a descending trendline extending from a peak at $0.059, which has consistently limited upward momentum. JASMY is now trading close to this trendline, signaling a potential test of resistance. Analysts identify $0.04 as a pivotal price level. A breakout above this level could confirm a reversal from the prevailing bearish trend.
The descending trendline aligns with a broader resistance zone, making this area a crucial hurdle for JasmyCoin’s price. Breaking above and sustaining momentum would open the door for a potential rally toward the next resistance at $0.08, a level highlighted in the tweet and supported by previous market behavior.
Support Levels and Volume Trends
Support zones are observed between $0.035 and $0.038, where the price has historically stabilized during pullbacks. Below this, additional support may be found at around $0.03, which represents a consolidation area from earlier movements.
Volume data indicates that market activity remains subdued, with a lack of significant buying or selling pressure. However, increased trading volume is necessary to validate a breakout and sustain upward price movements.
Moreover, the MACD indicator shows early signs of bullish momentum, with a potential crossover below the zero line. This could signify the beginning of upward price action if confirmed by a break above the resistance levels.
The market is watching closely for a clear move above $0.04. If JASMY achieves this, it may catalyze a rally toward the $0.08 price target, as suggested by both technical analysis and the optimistic outlook presented in the tweet by Team LAMBO.
Tweet and Market Sentiment
Team LAMBO underscores market sentiment, which remains cautiously optimistic. It highlights the importance of breaking $0.04 and the potential for a strong upward movement if volume picks up. The tweet resonates with traders who see the $0.08 target as achievable, provided current resistance levels are overcome.
JasmyCoin’s performance in the coming days will depend heavily on market dynamics, including volume and price action near the resistance. The next move could define the short-term trajectory for JASMY’s price.
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