- Bitcoin’s bullish momentum supports the rapid rise of many other altcoins.
- JasmyCoin is one such altcoin, as asset that has already pumped over 15% in 7 days.
- JASMY price is expected to move in a bullish upward direction as market faces bullish Q4.
Altcoin prices continue to pump as Bitcoin (BTC) continues its upward trajectory towards its next crucial resistance level of $68,000. Altcoins like XRP, VET, FET, SHIB, DOGE, JASMY, ADA, DOT, SUI, PEPE and many other altcoins are either already pumping or printing major bullish indicators on their price charts.
JASMY Bullish Price Action Sparks Pump Excitement
In particular, for JasmyCoin (JASMY), the asset known as the Bitcoin of Japan has announced many bullish partnerships and collaborations earlier in the year. This along with high community sentiment and the expectation from the JASMY team for the altcoin to reach $17 by 2026 has led to high expectations for JASMY.
Sharing a quick update for JASMY is a popular crypto analyst and JASMY enthusiast Steph is Crypto. As we can see from the post above, the analyst is pleased to see JASMY slowly gaining traction. According to CoinMarketCap analytics, the price of JASMY is $0.024 and is up by over 16.5% over the last 7 days.
More Upside Could Arise Ahead for JASMY
The analyst goes on to talk about the 200-day moving average movement in the JASMY price chart. He says if it keeps going so, the next few weeks could be very bullish for JASMY. Another bullish indicator is the fact that JASMY has broken out of a descending wedge pattern on the daily chart. He believes JASMY is working towards a $0.45 target next.
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Lastly, the analyst mentions that JASMY is trading against resistance, still, an upward movement for JASMY is very likely. Finally, he concludes by saying the price of JASMY will not likely fall below $0.02 anymore this bull cycle.
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