The cryptocurrency market has shown promising signs of recovery over the past 24 hours, following recent corrections. Bitcoin ($BTC ), after briefly dipping to $92,000, has regained strength, rising above $98,000 with an impressive gain of over 4%. This positive momentum has also extended to leading altcoins, including Internet Computer ($ICP ) and Jasmycoin ($JASMY ), both of which have recorded significant gains. ICP has surged by over 6%, while JASMY has jumped more than 10%, following key technical breakouts. These movements suggest that further upward momentum could drive prices even higher.

Internet Computer (ICP)

ICP has gained significant momentum after breaking out from a falling wedge pattern around the $10.90 level yesterday, advancing into a crucial horizontal resistance zone. Currently trading at $11.40, the token is approaching a potential breakout from this resistance zone. A successful breakout above the $11.58 mark could trigger additional gains, with subsequent resistance levels at $13.91 and $15.70. This would represent a potential increase of up to 37% from the current level.

Technical indicators are aligned with the bullish outlook. The MACD on the 4-hour chart is trending upwards, indicating growing momentum in favor of the bulls.

Jasmycoin (JASMY)

Similarly, Jasmycoin has gained considerable traction with a 10% rally following a breakout from a falling wedge pattern near the $0.03721 level yesterday. The token has entered a horizontal resistance zone, currently trading at $0.039. A breakout above the $0.040 level could lead to further upward movement, with the next resistance levels at $0.048 and $0.060. This would represent a potential gain of up to 54% from the current price.

The MACD indicator on the 4-hour chart for JASMY is also showing a positive trend, reinforcing the bullish sentiment and suggesting that the upward momentum is likely to continue.

Conclusion

Both Internet Computer (ICP) and Jasmycoin (JASMY) are positioned for potential breakthroughs, with key resistance levels now in sight. The broader cryptocurrency market’s recovery has created a favorable environment for these altcoins to thrive. Should the market continue its upward trajectory, both ICP and JASMY could experience significant surges, surpassing their respective resistance levels and marking a new phase of growth.

#icp_go_MOON #jasmyrocket #BinanceLabsBacksUsual #GrayscaleHorizenTrust