Short-Term Bounce on the Horizon

What Drives Jasmy’s Recent Strength?

JasmyCoin’s partnership with IoTeX has boosted investor confidence. IoTeX leads innovation in the Internet of Things, and this deal focuses on expanding DePIN solutions in Japan, a critical crypto market. Major partnerships often act as catalysts for price increases, drawing interest from traders and investors. The number of Jasmy holders has climbed from 76,300 to nearly 80,000 within a month.

This steady growth reflects rising confidence in the coin’s potential. Technically, Jasmy has formed a golden cross, where the 50-day moving average crosses above the 200-day line. This technical pattern signals bullish momentum. Additionally, the coin has completed a cup and handle formation, a classic chart pattern that often predicts further gains.

Short-Term Target and Key Levels

The cup and handle formation suggests a price target of $0.075, reflecting a 50% potential increase. Analysts calculate this target by measuring the depth of the cup and projecting that distance upward. The target also aligns with resistance levels from the Murrey Math Lines, adding credibility to the bullish outlook.

However, the bullish scenario depends on holding support at $0.03662. A drop below this pivot level would invalidate the current setup. Traders should watch this level closely for signs of a reversal.JasmyCoin’s strong technical indicators and increasing market interest suggest a short-term bounce may be imminent.

With a growing community of holders and promising partnerships, the coin appears ready for another move higher. Investors remain optimistic about what the coming weeks may bring.

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