Many people are curious about JasmyCoin’s price trajectory. They ask questions like, “How high can JasmyCoin go?” or “Is JasmyCoin a good or bad investment?” This question is based on the unencouraging price action of the coin, despite having an interesting narrative.
A crypto analysis from the Impossible Analysis YouTube channel discusses this, speaking about how JASMY’s price can reach $1.
ImpossibleAnalysis has identified crucial price levels for JasmyCoin (JASMY) in his latest technical analysis. After a year of consolidation, JASMY price faces a significant resistance at 5.6 cents, corresponding to the 61.8% Fibonacci retracement from its all-time high. Breaking this level could trigger a substantial rally.
ImpossibleAnalysis emphasizes two essential support levels at 1.8 and 2.2 cents, derived from different timeframe Fibonacci retracements. He argues that JASMY must maintain these support levels to preserve its bullish outlook.
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The 1.8-cent level represents the 38.2 Fibonacci retracement on the larger timeframe, while 2.2 cents marks a similar level on the shorter timeframe.
Potential JASMY Price Targets
According to ImpossibleAnalysis’s chart analysis, breaking above 5.6 cents could propel JASMY toward 12 cents, which aligns with the 0.5 Fibonacci level on the larger timeframe.
Beyond this, 30 cents emerges as a significant target, corresponding to the 61.8 retracement level. The analyst suggests that surpassing 30 cents could open the path to 60 cents, and potentially the widely anticipated $1 mark.
ImpossibleAnalysis cautions that JASMY is unlikely to see significant upward movement while trading below 5 cents. However, he notes that breaking above this resistance could trigger a rapid advance to 12 cents.
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