JasmyCoin (JASMY) may rally soon, with technical indicators suggesting a bullish breakout. A Cup and Handle formation on the JASMY weekly chart signals a potential upside, targeting Fibonacci resistance levels between $0.3 and $1. Recent market analysis and expert predictions indicate upward momentum in the coming months.
What you'll learn 👉
JasmyCoin Pattern Formation Signals Bullish Momentum
Analyst Gert van Lagen highlighted a Cup and Handle pattern on the JASMY weekly chart. This pattern suggests accumulation, followed by a potential breakout.
The pattern started in 2022. It experienced an extended bottoming phase into 2023, culminating in a breakout in early 2024. The Handle phase consolidated mid-year, reinforcing the structure’s strength.
The optimistic view is further supported by a major trendline breakthrough from the long-term downtrend, which began in 2021. A breakout might result in an accelerated price surge toward important Fibonacci levels, as JASMY just tested resistance at $0.04.
$JASMY [1W] – Cup & Handle in play targeting the Fibonacci resistance range $0.3-$1.
— Gert van Lagen (@GertvanLagen) January 27, 2025
In Feb-24 the StrateG monthly trade was a 3.4X long at ❌, still holding the main bag. pic.twitter.com/xFZNaipQ02
Technical analysis reveals that JASMY’s price is reacting to major Fibonacci retracement levels. The critical levels include:
- 23.6% Fibonacci retracement: $0.016 (initial resistance)
- 38.2% Fibonacci retracement: $0.04 (breakout level)
- 50% Fibonacci retracement: $0.117 (psychological resistance)
- 61.8% Fibonacci retracement: $0.284 (key resistance)
- 78.6% Fibonacci retracement: $1.003 (full retracement target)
If JASMY successfully clears $0.04, analysts predict an upward move toward $0.117, with further potential to test $0.3 and beyond.
JASMY’s Market Position and Trading Activity
According to van Lagen, the StrateG trading strategy initiated a long position in February 2024 at a breakout point of around $0.008-$0.01. This trade has already yielded a 3.4X return, pushing the price to $0.034 before retracing slightly.
JasmyCoin’s price currently sits at $0.02552, with a daily trading volume of $104.43 million, per CoinGecko data. This represents a 0.96% decline in the past day and a 3.70% drop over the past week. However, Van Lagen believes that breaking above $0.04 could validate the bullish outlook and reignite momentum.
Read also: Cardano (ADA) Shows Signs of Potential Price Surge as Key Indicator Turns Bullish
JASMY Price Forecast and Market Outlook
Crypto market analyst @Blake_Berryhill echoed the bullish sentiment, citing projections from CoinCodex. According to their forecast, JASMY could rise by 227.83% to reach $0.084207 by February 2025. The long-term forecast suggests:
- January 2025: A potential 240.76% increase
- February 2025: A projected 301.90% surge
- March 2025: An expected 202.60% gain
$JASMY price forecast is looking bullish and rally time is upon us , similar to the previous structure except with higher lows this time around , with predictions suggesting a significant increase in value over the next few years.
— Saiyan1K (@Blake_Berryhill) January 28, 2025
According to @CoinCodex , the price of Jasmy is… pic.twitter.com/eHVJ9rxKVo
JASMY has shown strong technical formations that favor a potential breakout, with the Cup and Handle pattern reinforcing a bullish trajectory. If JASMY clears resistance at $0.04, analysts predict a price acceleration toward $0.3 and possibly $1, aligning with Fibonacci targets.
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