JASMY Breaks Out of Symmetrical Triangle, Faces Key Resistance

• JASMY broke out bullishly but faces strong resistance at $0.01500-$0.01600, a key level for trend confirmation.
• A successful breakout above resistance could push JASMY to $0.01700, but macroeconomic factors may impact momentum.
• Liquidity is high, and strong buying interest supports the breakout, but rejection at resistance could trigger a pullback.

JasmyCoin (JASMY) has busted out of a symmetrical triangle setup, which is bullish, according to analyst Crypto front. Price is at $0.01417, trying to go up. The price, however, may be held back from going up higher by steep resistance between $0.01500 and $0.01600. This coming week might be the one that informs us whether JASMY continues to go up or gets rejected.

Bullish Breakout and Key Resistance Zone

JASMY bulls have managed to push the price above the symmetrical triangle, confirming a breakout. The breakout candle shows increased buying pressure, suggesting a potential upward continuation.

However, the price remains below a major supply zone. This region, between $0.01500 and $0.01600, previously served as strong support before a sharp breakdown occurred. If JASMY reclaims this area, it could confirm a shift in market structure.

Potential Price Targets and Market Sentiment

The measured move from the breakout suggests a 27.03% price increase, setting a target of approximately $0.01700. However, this depends on whether the macroeconomic environment supports bullish sentiment. Stock markets and gold prices may influence JASMY’s momentum.

Moreover, liquidity remains high, with a tight bid-ask spread. The buy price stands at $0.01418, while the sell price is $0.01417. This indicates strong market participation and interest in JASMY at current levels.

Market Structure and Future Outlook

The 1-hour chart reflects a previous downtrend, followed by consolidation and a bullish breakout. Higher lows formed before the breakout, further strengthening the bullish case. If JASMY breaks above the supply zone, bullish momentum could extend toward the next resistance at $0.01700. Conversely, if sellers re-enter the market, the price may retest lower support levels.

Besides, traders should watch for price reactions within the key resistance zone. A clean breakout and retest above this level could confirm a stronger uptrend. Otherwise, rejection at resistance might lead to a pullback.