The price of JasmyCoin (JASMY) has dropped below $0.025.
This puts the asset price between two crucial resistance levels.
Analyst observes massive potential for a bullish rebound soon.
The launch of Ethereum ETFs has been incredibly successful with over $1 billion flowing in on both its first and second day since launch. As the crypto market sees a dip, crypto analysts remain unfazed as many expected a small dip after the ETH ETF launch much like how the market saw a dip after BTC ETF launch.
While many expect Ethereum coins to see a parabolic pump in price along with ETH and BTC, other altcoins are already showing bullish potential regardless of the current crypto market state.
For instance Ripple’s XRP, WadzPay (WTK), VeChain (VET), Chainlink (LINK), and many other altcoins are already printing bullish chart signals showing high pump potential in the coming months similar to the charts of BTC and ETH.
Similarly, JasmyCoin (JASMY) is also showing bullish signals amidst a dipping crypto market. This fuels the thought that altseason is just around the corner and many altcoins are expected to set new ATHs during the coming golden bull run phase.
The image above is provided by a reputed technical crypto analyst. This analyst believes that JASMY price chart is forming an ascending triangle pattern which is a very bullish sign for the altcoin known as the Bitcoin of Japan.
Presently, according to CoinMarketCap analytics, the price of JASMY is $0.0256 and the analyst says that currently, JASMY price marks the $0.02800-$0.02550 level as a resistance level. He also noticed that the JASMY/USDT mark has fallen below $0.0228 support level.
To clarify, he says that in this particular scenario, the focus shifted from the current support level to the next support zone at $0.02000. He says that it is this level that could see a potential bullish rebound and that JASMY price can start to grow after reaching the dynamic support of the pattern.
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The post JASMY Price Retraces Between Two Critical Resistance Levels, Potent Bullish Rebound Could Occur appeared first on Crypto News Land.
