Jasmy Coin has experienced a remarkable surge of nearly 73% over the past week, reaching a new annual peak. Since the start of the year, JASMY's price has skyrocketed by over 480%, hitting $0.037220 and showing potential for further gains.
The daily wave analysis suggests that JASMY embarked on a five-wave upward trend in October 2023, with the possibility that it is now in the final phase of this movement. The weekly chart reveals that JASMY has broken out of a Bullish Pennant pattern, indicating strong bullish momentum.
On the daily chart, if today’s closing price is in green, it might form a Three White Soldiers pattern, which could further drive the rally. Technical indicators point to a significant trend shift: the Gaussian channel has turned green, and the RSI is at an overbought level of 84, both suggesting an upward movement.
According to Coin Gabbar's analysis, if the bullish momentum continues, JASMY could potentially reach $0.050000 in the coming weeks. However, after this robust surge, a notable correction might occur, with the nearest support expected at $0.02700.
**Key Levels:**
- **Resistance:** $0.050000 - $0.070000
- **Support:** $0.025000 - $0.015000
**Disclaimer:** Coin Gabbar's insights and chart analysis regarding cryptocurrencies, NFTs, or any other decentralized investments are solely for informational purposes and do not constitute financial advice. Users are strongly encouraged to conduct their own research, use their judgment, and recognize the inherent risks associated with any financial instruments. Coin Gabbar is not responsible for any financial losses. Cryptocurrency and NFT markets can be highly volatile; users should consult financial professionals and assess their risk tolerance before making any investment decisions.
