JasmyCoin (JASMY) is gaining momentum as technical analysts point to a potential bullish breakout. Crypto expert Paul Webborn has outlined an Elliott Wave-based forecast that suggests JASMY could see a price surge.
In his update, Webborn detailed key support and resistance levels, predicting that the asset is in its final impulse wave. The analysis highlights a structured price movement with specific targets that traders should watch.
What you'll learn 👉
JASMY Elliott Wave Structure Points to Bullish Impulse
Webborn’s analysis, posted on X (formerly Twitter), follows Elliott Wave Theory, a popular method for predicting price movements based on wave cycles. He identified five primary waves forming a macro uptrend, with the fifth and final impulse wave currently in progress.
Good evening, everyone 😀
— Paul Webborn (@PWebborn) January 30, 2025
JASMY – Update
I hope you listened
Chart – The low was December 2022
🔴 Primary waves are circled in red
…….
🔴 Primary waves 1 to 4 are complete
🔴 Primary wave 5 is the final impulse wave
🟧 There are 5 Intermediate waves within this last… https://t.co/CGx3yG05EX pic.twitter.com/hm9wU5kveW
According to his breakdown, JASMY has completed its initial breakout and corrective phases, setting the stage for further gains. The current focus is on Intermediate Wave 3, which Webborn expects to push the price higher before a brief pullback leads to the final wave. His projections place the intermediate target between $0.12 and $0.14, with a broader rally potentially sending JASMY to $0.32.
Webborn’s technical outlook is reinforced by Fibonacci retracement levels, which align with his wave count. The 0.236 Fibonacci level at $0.0164 previously acted as strong support, while $0.082 is the next resistance to clear before reaching higher price zones. The 0.618 Fibonacci retracement at $0.30 closely aligns with Webborn’s $0.32 final price target.
His chart also suggests that holding above $0.034 is crucial for maintaining bullish momentum. If the asset sustains its trajectory, the next challenge will be overcoming the $0.12-$0.14 range, marking a critical phase in the wave progression.
Read also: XRP Price Prediction for January 31
JASMY’s Current Price Action
Recent price action reflects strong bullish sentiment. CoinGecko shows that JASMY’s trading volume has increased, pushing the price to $0.03196 at press time. This surge represents a 20.74% price increase over the previous day.
However, Webborn’s chart warrants caution about potential pullbacks. If JASMY struggles to hold key levels, a brief correction toward $0.026-$0.028 could occur before resuming its uptrend. He emphasized that this is a rare second chance for investors, referencing a similar call he made in August.
As JASMY approaches critical resistance levels, a breakout confirmation is worth watching out for. If Webborn’s wave count holds, the next milestone at $0.12-$0.14 will serve as a major test before JASMY aims for its final $0.32 target. With increasing volume and bullish momentum, JASMY appears poised for further gains—provided it can sustain its upward movement.
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