JasmyCoin (JASMY) Bull Flag Breakout Finally Complete; Price Must Now Break These Levels for Bullish Continuation

According to a recent update from the crypto trader and analyst “Team LAMBO (@TehLamboX), the JasmyCoin (JASMY) has successfully completed a bull flag breakout, signaling a potential bullish continuation.

The Bull Flag Breakout

Analyzing the 1-hour timeframe for JASMY, @TehLamboX shared the following insights:

“$JASMY (1 Hour Timeframe) bull flag breakout was done yesterday! Breakout of 0.014$ was done and we saw a 28% breakout off there! Now taking a support a 0.236 fib level for the time being, Should look to fly off there.”

The trader highlighted that the JASMY token broke out of the $0.014 resistance level, resulting in a substantial 28% price surge. Currently, the asset is finding support at the 0.236 Fibonacci level, potentially setting the stage for further upward momentum.

Crucial Levels to Watch

@TehLamboX emphasized the importance of two key levels for the bullish continuation:

“As I said in the previous tweets, 0.0184 and 0.020$ are curcial for the bull run continuation. Lets see if we can breakout of these two levels next.”

According to the trader, if JASMY can successfully breach the $0.0184 and $0.020 resistance levels, it could pave the way for a sustained bull run.

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Potential Targets

In the event of a successful breakout, @TehLamboX has set two notable price targets for JASMY:

“Target firm at 0.026$ and 0.039$ off there!”

If the bullish momentum persists, the analyst expects JASMY to potentially reach $0.026 and subsequently $0.039, representing substantial upside potential from its current trading levels.

As with any market analysis, it’s important to exercise caution and conduct thorough research before making any investment decisions. Cryptocurrency markets are highly volatile, and past performance is not indicative of future results.

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Temitope Olatunji
Temitope Olatunji

Temitope is a seasoned writer with over four years of experience. He specializes in Web3 and FinTech topics and enjoys creating content in these areas. He holds both a bachelor's and master's degree in Linguistics. When not writing, he trades forex and plays video games.