- JASMY shows bullish momentum, with key resistance at $0.024 potentially leading to a breakout.
- Ethereum ETF approval boosts market sentiment, fueling JASMY’s upward movement.
- A break above $0.0244 could trigger a 200% rally for JASMY in the coming days.
JasmyCoin (JASMY) is showing signs of strong momentum, and traders are starting to take notice. Over the weekend, JASMY held steady, reaching a crucial resistance point at $0.024. This is the highest price since April 28th. As the overall crypto market sentiment improves, many believe JASMY could be on the brink of a breakout. If that happens, a 200% rally may be just around the corner.
What’s Fueling JASMY’s Potential Breakout?
Recent developments in the crypto market are playing a major role in JASMY’s upward movement. The SEC’s approval of Ethereum ETFs has brought renewed optimism. Alongside the earlier approval of Bitcoin ETFs, billions of dollars have flowed into the market, fueling growth across the board.
On the technical side, JASMY has formed a bullish pattern. After hitting a low of $0.015 in May, the token has surged above key moving averages. The 50-day and 25-day Exponential Moving Averages have crossed bullishly, signaling more potential gains.
The Path Forward: Will JASMY Break $0.0244?
JASMY is also showing an inverse head and shoulders pattern, a strong sign of a bullish trend. The next major resistance to watch is $0.0244, its highest point from March 26th. A break above this level could send JASMY to its year-to-date high of $0.02757.
This would likely trigger a surge of buying, pushing prices higher. If the breakout momentum continues, some analysts predict a 200% rally could follow. For now, JasmyCoin is quietly positioning itself for potential gains.
The current patterns, combined with positive market sentiment, suggest a strong move ahead. Traders should stay alert to see if JASMY can push past key resistance levels, setting the stage for a major bullish run.
Crypto News Land, also abbreviated as “CNL”, is an independent media entity – we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
