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- Analyst expects a 30X JASMY pump in altseason peak.
- He sets a possible cycle top target of $0.32 for JASMY price.
- Seeing a near-perfect Wyckoff Accumulation pattern, he expects a major pump soon.
As Bitcoin struggled to retake the $90,000 price range, analysts are keeping a closer eye on promising altcoins. With Bitcoin Dominance hinting at collapsing the performance of altcoins in the upcoming altseason peak phase draws attention to potential altcoins. One analyst expects a 30x JASMY pump in altseason peak and sets a $0.32 target following a near-perfect Wyckoff accumulation indicator.
30x JASMY Pump in Altseason Peak
As we can see from the post above a seasoned and reputed crypto analyst shares his observations about the JASMY price by taking a closer look at the JASMY price chart. He begins by drawing attention to the altcoin known as the Bitcoin of Japan. He then explains the technical aspects of the chart he is using in the video in the post.
Next, he highlights what the Wyckoff Accumulation pattern looks like so as to draw a comparison with JASMY’s present price action printed over the last couple of years. He then walks viewers through the various markers and pointers pointing to highs and lows the altcoin has printed since 2022. He confirmed that JASMY has printed a near-perfect Wyckoff Accumulation pattern signaling a major significant pump for JASMY in the coming days ahead.
Analyst Sees Near-Perfect Wyckoff Accumulation
This pump expectation for JASMY aligns well with the expectation for a bullish altseason that has been long-anticipated for the ongoing bull cycle. Coming back to the shared JASMY chart, he says what comes next from JASMY is a sign of strength and talks about how the altcoin has completed 5 waves up and 5 ways down. Resistance, capitulation, and support on the chart are finally leading to a pump to what could be a significant high in the coming weeks ahead.
Realistically, the analyst places $0.32 as a highly plausible pump target from the coming leg up for JASMY. However, he expects greater highs for JASMY price is still just as likely for the altcoins. So far, many analysts are certain that altseason this bull cycle has been delayed but the many bullish indicators from several altcoins point to a glorious altseason on the horizon and JasmyCoin (JASMY) is one such token showing promising pump signals showing its preparation for a roaring altseason peak phase soon.
According to CoinMarketCap analytics, the price of JASMY is at $0.0116 with a total market cap of $573,580,245.41 and a 24-hour trading volume of $54,164,044.06. JASMY set an ATH 4 years ago at $4.99 and according to this analysis, the price of JASMY may not hit a new ATH this cycle. However, as we hear from the end of the video, the analyst does say that market movements could change the trajectory and there is a possibility for JASMY price to fly higher, although he does expect a $0.32 target above all.
