An analyst believes JasmyCoin (JASMY) might be heading for another short-term drop, but that could open a door for serious upside later in the cycle.
According to C-Zar, who shared his thoughts on the C-Zar Gets Crypto YouTube channel, this pullback may just be a healthy reset before JASMY makes its next major move upward.
What you'll learn 👉
JasmyCoin Price Pullback: A Healthy Setup?
C-Zar kicked off the video by acknowledging the obvious. JasmyCoin price is currently down by about 8%, now trading around $0.023. This drop follows a strong run that saw the JASMY price hit $0.035 recently, so the correction is not unexpected. In fact, he described it as a “healthy pullback,” especially since the token had been rising consistently for weeks.
The video dives into JasmyCoin’s technical levels. C-Zar points out that while JASMY has slipped below its ascending trendline, it still sits above the larger breakout zone. He identifies a strong support area between $0.019 and $0.02, backed by historical volume activity. If the $0.023 level fails to hold, he is watching for a move toward those lower zones, possibly retesting $0.019 before another bounce.
Long Term JASMY Price Target: Could It 10x?
While the short-term action might be shaky, C-Zar is firmly bullish over the long term. In his view, JasmyCoin is entering a much bigger cycle with a projected top somewhere between $0.25 and $0.30. That is about a 10x from where it is now.
He reminded viewers that JasmyCoin has already shown it can make explosive moves. In 2021, JASMY price went from under a cent to nearly $4. So while a new all-time high may sound ambitious, it is not impossible based on JasmyCoin’s history. He was careful to note that the timeline for such a move is not fixed. It could happen later this year or sometime next year, but he expects it within the current bull cycle.
Strategy, Risks, and Fundamentals
C-Zar also explained how he is handling the current dip. He has been dollar cost averaging into JASMY for months, adding more on each major pullback. While he acknowledged that seeing an 8% dip in a single day can be tough, he also stressed that volatility is part of crypto investing. Zooming out, JASMY price is still up significantly from where it was just a few months ago.
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The video did not just focus on price. C-Zar also covered JasmyCoin’s fundamentals, especially tokenomics. He pointed out that the project is still unlocking tokens into circulation, which might create temporary downward pressure on price. But he believes the team’s decision to complete most of the unlocks before the next bull run is smart and helps clear the path for future growth.
In his closing message, C-Zar encouraged traders to stay grounded. He warned against emotional moves, chasing green candles, or over leveraging. Instead, he advised setting targets, taking profits on the way up, and sticking to a plan. In his words, “That’s the best way to survive and thrive in this market.”
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