JasmyCoin is back on the radar, but this isn’t a case that involves a sharp pop or a bullish bounce. Because JasmyChain mainnet has gone live, observers are beginning to shift their gaze to a longer-term outlook, which could involve a bigger picture trend.
At first glance, the JASMY price still looks modest. But once you zoom out, the structure underneath tells a much more interesting story.
What you'll learn 👉
The Downtrend That Defined Jasmy Is No Longer in Control
For a long time, the JASMY price was stuck under a steep, descending resistance line. Every rally ran into the same problem: sellers stepped in, momentum faded, and price rolled over again. That trend controlled price action throughout the bear market.
That dynamic finally changed toward the end of 2023. JASMY broke above that long-term resistance and, just as importantly, didn’t immediately fall back below it. Instead of collapsing, the price began forming higher lows. That’s usually one of the earliest signs that a market is transitioning out of a downtrend and into something more constructive.
What followed was a sharp rally that pushed JASMY nearly 18x higher from its lows. While that move eventually cooled off, the way price behaved afterward is what really stands out now.
Repeating Patterns and Improving Structure
After the big run-up, JASMY didn’t give everything back. Instead, it entered a long consolidation phase while continuing to hold higher lows. That kind of behavior indicates sellers are losing influence, even when the price pulls back.
One of the most interesting details on the chart is how familiar the recent setup looks. JASMY formed a falling wedge, broke out, and rallied strongly. More recently, it formed another, smaller falling wedge and has broken out again.
Markets that are genuinely shifting direction rarely move straight up. They pause, compress, reset momentum, and then try again. JASMY seems to be following that same rhythm, which adds weight to the broader bullish case.
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Why the JASMY Long-Term Target Is Still on the Table
Based on the macro breakout highlighted by Javon Marks, the larger structure still points toward a long-term target around $4.47. That number can sound unrealistic when compared to current prices, but it’s rooted in a multi-year trend break rather than short-term speculation.
The key takeaway isn’t that price gets there quickly. It’s that the technical structure now allows for much higher levels than before.
As long as JASMY keeps holding higher lows and stays above its former resistance zone, the broader bullish framework remains intact.
What Comes Next for JASMY?
From here, it’s less about excitement and more about patience. Volatility is expected, especially after a major development like a mainnet launch. But structurally, JASMY looks like a market that’s rebuilding, not one that’s rolling over.
If the pattern continues the way it has so far, the next major move likely won’t be subtle. For now, the chart indicates the foundation is already being put in place.
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