Popular analyst and JASMY enthusiast notices interesting chart pattern for JASMY price.
It seems that JASMY is mirroring the ADA price chart of 2021 when ADA set ATH of $3.
If JASMY continues on this trajectory then a new JASMY ATH may arrive soon.
JasmyCoin has gained a lot of attention over the past few weeks. The project’s partnership news with Apple paired with speculation surrounding possible partnerships with Tesla and Ripple has built massive momentum for a bullish JASMY price spike.
However, the unexpected dips in the crypto market caused by Bitcoin ETF outflows outweighing Bitcoin ETF inflows has led to major dips in the crypto market. Despite JASMY holding strong, this asset too took a dip.
Still, the Bitcoin of Japan shows strong support and is gearing up to break its impending resistance levels to print a bullish spike. This expected bullish surge for JASMY price could be very similar to Cardano’s (ADA) epic price movements made in 2021.
#Jasmy will follow the footprints of #Ada back in 2021. Once we break $0,05 it's game on!I explained it here: https://t.co/1n7SXGlFUf pic.twitter.com/gERB13YXxs
— STEPH IS CRYPTO (@Steph_iscrypto) June 13, 2024
In detail, popular crypto analyst and JASMY enthusiast, Steph is Crypto shares a video exploring the ADA spike mirror move JASMY could make very soon. He starts by saying it is a fair comparison to match these two tokens to observe price action as both have similar total supply with strong use cases dedicated communities.
He says if JASMY would 8x and hit $0.3 this would mean JASMY market cap will have matched that of ADA’ present market cap. Similarly, he says if JASMY mangoes to hit a market cap of ADA’s ATH market cap then we’ll see a 51x on JASMY price taking the asset to a price mark of $1.97.
He says this could be possible at the end of 2025 or 2026 in Steph’s eyes. Although this would be a very low price expectation for JASMY as the JASMY CFO and CEO believe JASMY can hit $17 by 2026.
Coming back to the video, Steph notes the weekly price action for ADA in 2021 and for JASMY at current time. He notices how both assets have printed almost the same price action with mirroring price charts.
He notes that this action is what led to ADA setting a $3 ATH, something very unexpected for the asset at the time. He concludes by saying JASMY could very well pull a similar massive price high like ADA did in 2021.
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The post JASMY Walks in ADA’s 2021 Price Footsteps Signaling Massive Bullish Trend Spike Ahead, $5 for JASMY Soon? appeared first on Crypto News Land.
