#JasmyCoin Surges to 52-Week High: Can It Reach $0.0717?
#JasmyCoinJourney has captured significant attention with a market cap of $2,563,006,429 and a 24-hour trading volume of $2,181,194,443, highlighting strong investor enthusiasm. Over the past month, it has decisively broken a persistent resistance trendline, marking an end to its lower-high #trend pattern.
#JasmyCoin: Price Chart
But can JasmyCoin’s recovery momentum push it past a crucial psychological level? Here’s an in-depth look at the latest JasmyCoin price trends.
#Jasmyusdt⚠️⚠️ Price
#trends On the daily chart,
#JasmyCoin displays a rounding bottom reversal pattern. Its recent parabolic price rise started from the critical support level of $0.016. Since November 5, the price has surged approximately 224%.
This bullish momentum propelled
#JasmyCoin beyond significant supply zones at $0.032 and $0.050. With an intraday gain of 1.23%, the token has logged its ninth consecutive bullish candle.
The sustained upward streak has driven a 145% price surge, breaking through the 1.272 Fibonacci level at $0.0522. The current minor pullback aligns with a retest of the recently breached resistance level, solidifying its position. Moreover, JasmyCoin has achieved a new 52-week high, touching $0.059068.
Technical Analysis and Future #Targets
The ongoing recovery has triggered a golden crossover, alongside a positive crossover of the 100-day and 200-day EMA lines, reinforcing the bullish outlook. Furthermore, the MACD indicator reveals strong upward momentum, with the MACD and signal lines showcasing growth accompanied by increasing positive histograms.
Fibonacci retracement levels suggest potential upside targets of $0.0717 and $0.1303, signaling a possible 145% growth. However, if
#JasmyCoin faces rejection, it might revisit the 78.60% Fibonacci level at $0.03353, which could act as strong support.
- Upside Targets: Fibonacci analysis points to $0.0717 and $0.1303 as key targets, offering significant growth potential.
- Current Performance: JasmyCoin’s price has soared nearly 224% over the past month, achieving a new 52-week high of $0.059068.
- Downside Risks: If rejected, the price could drop to the 78.60% Fibonacci level at $0.03353, serving as a safety net.
JasmyCoin’s impressive recovery rally and technical indicators suggest continued bullish momentum. Investors should monitor key support and resistance levels while evaluating potential risks and opportunities in the current market environment.
Should we invest more in #Jasmy and hold it till #2025 waiting your thoughts in the comments.