JasmyCoin is having a strong day, up over 14% in the last 24 hours and catching the eye of traders looking for the next breakout altcoin. After weeks of slow movement, the token suddenly came to life, and this latest surge could be the start of a new trend.
Looking at the chart, the JASMY price just printed a double bottom near the $0.011 mark earlier this month. That zone acted as a strong support area after multiple retests throughout June and early July. From there, the price shot up, breaking through the key resistance level around $0.016 and rallying as high as $0.01785 today.
This move has also pushed JASMY right up to its 200-period moving average on the 4-hour chart, which sits at $0.01867. The token hasn’t traded above this line since April, so this is a big technical test for bulls.
Read also: Analyst States Condition for JasmyCoin (JASMY) Breakout: Reveals Key Levels to Watch
RSI Says Overbought
One thing worth watching is the RSI, which is now sitting around 78 – firmly in overbought territory. That usually signals that a short-term pullback or consolidation is possible. However, what makes this pump more interesting is the fact that trading volume has been increasing alongside the price. That suggests this isn’t just a low-liquidity spike – there’s real demand behind it.
- Resistance: The next major zone to break is $0.0185 to $0.0190. That area has acted as a ceiling in the past, and reclaiming it could open the door for a run toward $0.0215 or even $0.0230, both of which are swing highs from earlier this year.
- Support: If JASMY cools off, the key levels to hold are $0.0160 (recent breakout area) and $0.0145 (the neckline of the July double bottom).
What’s Next for JASMY?
Even though the current 14% pump is solid, it still lags behind some of the other big movers in the altcoin space like HBAR, ALGO, and XLM, which have posted gains of 50–90% in recent days. Still, JASMY has momentum now – and with price breaking out of a long consolidation range, it could be gearing up for more.
If bulls manage to push the token above the 200-day moving average and hold it, sentiment could shift quickly. For now, traders will be watching closely to see if today’s surge is just a quick spike – or the start of something bigger.
Subscribe to our YouTube channel for daily crypto updates, market insights, and expert analysis.
