Crypto Expert Positive About a JasmyCoin (JASMY) Price Breakout as Chart Shows Bullish Structure Forming
JasmyCoin (JASMY) is starting to catch some attention again, especially from analysts and traders who are watching the charts closely. Crypto analyst Lucky shared a bullish outlook for JASMY price on X (formerly Twitter), pointing to strong community backing and some potential project updates that could shake things up.
Looking at the daily price chart, there’s a clear technical pattern forming. Two falling wedges have taken shape, one that played out between August and November and another that’s been forming from January through March. The first wedge ended with a sharp breakout in early November, sending the price upward.
Now, it looks like history might be repeating itself. The second wedge seems to be breaking out in real-time, which is why traders are paying such close attention. What adds weight to this setup is the horizontal support zone between $0.0113 and $0.0165. Price has bounced off that level multiple times over the last few months, showing that buyers continue to step in whenever JASMY price dips into that range.
What you'll learn 👉
JASMY Price Key Support Zone Holding Strong
Support between $0.0113 and $0.0165 has served as a foundation for price rebounds since September. Historical data shows multiple successful tests of this zone, each followed by upward momentum.
The consistency of this support zone, combined with the breakout of the falling wedge, suggests technical strength in the current structure. Analysts tracking JASMY have noted that price respecting this area has previously led to increased bullish activity.
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JASMY Breakout Projections and Future Targets
The chart projects a possible upward trajectory in several stages. The first resistance level is around $0.025. If the breakout sustains, mid-term targets could be near $0.035. A long-term projection places the price between $0.055 and $0.06.
The projected path considers short-term pullbacks and retests before advancing. This measured approach aligns with previous market behavior and reflects a pattern of structured price growth.
Furthermore, Lucky’s tweet expresses confidence in JASMY’s price direction, suggesting that community engagement and upcoming developments may add further momentum. The post encourages market participants to consider their positions, accompanied by the standard disclaimer: “DYOR – NFA.”
Community strength and anticipation of upcoming project news continue to support interest in JASMY. The current market setup, coupled with this sentiment, provides a context in which traders and analysts are carefully observing future movements.
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