Analyst Captain Faibik has identified a bullish breakout pattern for JasmyCoin (JASMY), projecting a potential 200% price surge. The analyst shared an analysis on X, pointing to a falling wedge pattern breakout that could push JASMY’s price toward $0.06957.
What you'll learn 👉
Technical Pattern Signals Bullish Momentum
The technical analysis reveals a falling wedge pattern on JASMY’s price chart, marking a breakout above the downward-sloping resistance trendline. This pattern forms through a series of lower highs and lower lows, creating a converging pattern that narrows as the price moves lower.
The chart shows a strong support level above $0.015, which has held through multiple tests. This price zone has demonstrated consistent buying pressure, establishing a solid foundation for the potential upward movement.
Volume Analysis and Price Targets
Trading volume will play a key role in validating the breakout scenario. The analysis suggests watching for increased volume to confirm the sustainability of the upward price movement. The target projection uses the wedge’s maximum width to calculate the potential price objective.
The price target calculation places JASMY’s next major resistance level at $0.06957. This projection represents a 200% increase from the breakout point, aligning with standard technical analysis methodologies for falling wedge patterns.
Read also: Crypto Veteran Reveals Real Bitcoin (BTC) Price Prediction for 2025
Market Structure and Breakout Confirmation
The breakout confirmation comes from multiple technical factors on the chart. The price has closed above the falling wedge’s upper trendline, accompanied by bullish candlestick formations. These technical elements suggest a shift in market structure from bearish to bullish.
The previous downward trend, characterized by consecutive lower price peaks, appears to have reached its conclusion. The new price action indicates buyers have taken control of the market momentum, supporting the bullish case for JASMY.
Trading data shows the former resistance line could now serve as support, offering a new base level for future price movements. The chart structure suggests the accumulation phase may have ended, setting up conditions for the predicted upward move.
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