- JASMY recently fell to a low of $0.018 but has since rebounded to $0.0217.
- Analysts see a bullish rounding bottom formation on the daily chart, indicating a potential trend reversal.
- Analysts suggest a potential 102% increase, targeting $0.0445 before further gains.
- Analysts highlight if JASMY breaks its current resistance, it could target $0.1220.
JasmyCoin (JASMY) has recently faced notable fluctuations, reaching a recent low of $0.018. Since then, the coin has rebounded and demonstrated some stability, although it has shown modest performance. Over the past week, JASMY has dropped nearly 14%, and in the last 30 days, it has decreased by 6%. Despite these declines, analysts remain positive about its future, forecasting a potential significant upward movement.
As of today, the token is priced at $0.0217. It has a 24-hour trading volume of $236.85 million, a market capitalization of $1.07 billion, and holds a market dominance of 0.05%. The coin has seen a 2.10% decrease in value over the last 24 hours.
Analyst Eyes JASMY $0.1220 Target Amid Bullish Patterns
Crypto analyst Jonathan Carter pointed out that JASMY was making a very convincing rounding bottom on the daily chart. This is usually indicative of a trend reversal, which could suggest that the token is due to break out of recent stagnation shortly.
The price of the token recently rebounded from a key support level around $0.015, indicating a potential breakout from its current resistance zone. If the token successfully surpasses this resistance, it could surge towards the next target of $0.1220, marking a substantial gain for investors.
Another analyst, Javon Marks, further added to the positively tilted prognosis by pointing out several bullish indications in the recent performance of JASMY. Over the past month, the token has confirmed both a larger Hidden Bullish Divergence and a Regular Bullish Divergence. Generally, these patterns set a stage for huge movements in price and even hint that the token might be on the verge of a major recovery.
According to Marks, this recovery could drive the token up in value by 102% as it moves toward $0.0445, continuing the uptrend momentum. With these bullish signals in play, JasmyCoin is one to watch closely as it moves through its next potential breakout.
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