JasmyCoin price is heating up after what looks like a successful breakout from a long-term downtrend. According to popular analyst Crypto Charts (@Cryptokartha), JASMY just broke above a key resistance zone that had been holding it back for months. If this move holds, the JASMY price could be setting up for a potential 2x rally in the coming days.
Looking at the chart, the JASMY price had been stuck in a downward trend since early 2024. Each time it tried to move higher, it got pushed back down by a descending trendline. But that finally changed in mid-July. JASMY broke above the trendline and cleared a horizontal resistance around $0.016, a level that had previously acted as a ceiling multiple times.
Now that JASMY has managed to close above this area, it’s signaling a possible shift in market sentiment. The recent breakout is not just a small move. As the chart shows, the price has already pushed toward $0.018 and is eyeing a target near $0.035. That’s more than 100% upside from where it broke out.
Analyst Sees 100% Move Coming for JASMY
Crypto Charts shared this setup with a caption that captures the momentum building behind the coin. “$JASMY Breaking Important Area, Successful Breakout Can Send 100% In Coming Days,” he wrote on X.
The projection on the chart matches this view. A 103% move is expected if JASMY completes the pattern now in play. From the breakout point near $0.017, the price could climb all the way to the $0.035 zone. This isn’t just a random target. It lines up with previous resistance from late 2023 and early 2024, making it a logical next stop.
Breakouts like this are often followed by a wave of new buyers, especially when they come after months of sideways or declining price action. That’s exactly what we’re seeing with JasmyCoin right now. The volume has picked up, and the candles are showing stronger bullish pressure.
If the JasmyCoin price holds above $0.016 in the short term, it could continue to gain momentum. On the flip side, if the price dips back below that zone, it might re-enter the range and invalidate the bullish breakout. But for now, the trend looks promising.
Why This Setup Matters for JASMY Price
This setup is important not just because of the technical pattern, but because it reflects a broader shift in how traders are viewing JASMY. The project has had a loyal following for a while, but its price action has been stuck for months. This breakout is one of the clearest signs that buyers may finally be regaining control.
The breakout level also coincides with a support zone that JASMY respected several times in the past. Holding above this level would confirm that the previous resistance is now acting as a new support, which is often a strong signal for continuation.
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If Crypto Charts’ prediction plays out, JasmyCoin could be one of the altcoins to watch closely in the short term. The potential 100% rally shown in the chart would take JASMY to price levels it has not seen in many months. With fresh momentum and technical confirmation, this could be the beginning of a strong leg higher.
As always, traders will be watching to see if JASMY can hold above the breakout zone. But right now, the price structure is leaning bullish, and the market seems ready to test higher levels soon.
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