JasmyCoin (JASMY) has reacted positively from a long-held support level, signaling a potential bullish reversal.
Top analyst Matthew Dixon highlighted this in a tweet, pointing out a hidden bullish divergence in JASMY’s technical indicators. The crypto has gained momentum despite recent market volatility, suggesting an opportunity for traders if the trend holds.
JASMY has bounced from a key support level near $0.01518, a historically strong demand zone. Recent price action shows an upward movement, aligning with an ascending support trendline.
FACT#JASMY NOW HAS HIDDEN BULLISH DIVERGENCE
— Matthew Dixon – Veteran Financial Trader (@mdtrade) February 26, 2025
From technical perspective alone $JASMY has reacted higher from near the long held support and we have nice Divergence in place.
Assuming the market correction is over then Jasmy should have an aggressive recovery.
I do not hold… pic.twitter.com/qAA1Hq97dC
CoinGecko data indicates a short-term recovery, although the asset has seen declines over the past week. At press time, JASMY trades at $0.01849, up about 3% for the day
Dixon noted that JASMY’s reaction from this key level suggests bullish potential. If the market correction has ended, he expects the token to be set for an ‘aggressive’ upward move. His analysis does not include any personal holdings in JASMY, reinforcing his objective technical perspective.
What you'll learn 👉
JASMY’s Hidden Bullish Divergence in RSI
One of the most notable aspects of JASMY’s chart is the presence of a hidden bullish divergence in the RSI. This occurs when price action forms higher lows while the RSI registers lower lows, signaling increasing momentum despite recent retracement.
Historical trends suggest that when this pattern appears at a strong support level, it often leads to an aggressive price recovery. Dixon emphasized that if volume increases alongside this setup, JASMY could see a strong breakout. The technical indicators favor long positions, provided the support level holds.
If JASMY maintains its upward trend, it’ll first need to overcome resistance at $0.022, where the price has previously stalled. Breaking this level could hint that the market is changing direction.
Next up is the $0.026 mark – a price that has repeatedly switched between supporting and capping JASMY’s movements. Pushing beyond this would strengthen the case for buyers.
The real test lies in the $0.030-$0.035 zone. A decisive move above this range would suggest a genuine shift in momentum. Should JASMY climb past $0.035 and hold, it would show real conviction from buyers and open the door to further gain
Read also: Can XDC Network Price Still Reach $3 in 2025?
JasmyCoin’s Bullish Setup but Needs Confirmation
JASMY’s current technical setup leans bullish, with strong support and a confirmed hidden divergence. However, sustained recovery depends on volume trends and overall market conditions. Dixon’s analysis suggests that if price action holds above key support, JASMY could see huge gains.
While the indicators favor a positive outlook, traders are advised to monitor resistance levels and market sentiment for further validation. A breakout above resistance with strong volume could solidify JASMY’s bullish trajectory in the coming days.
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