JasmyCoin surged nearly 1,800% since 2023, with recent buying volumes reaching record highs, fueling bullish momentum.
Analyst Javon predicts JasmyCoin could hit $4.47842, supported by breakouts, rising volumes, and bullish market patterns.
JasmyCoin broke through key resistance at $0.053, with support at $0.044 and $0.031 sustaining its bullish trajectory.
Analyst Javon highlights a significant surge in JasmyCoin ($JASMY) trading activity, pointing to a bullish movement. Since its price breakout in 2023, the cryptocurrency has gained nearly 1,800%, breaking historical norms.
https://twitter.com/JavonTM1/status/1867935920776782292
Notably, recent buying volumes have reached unprecedented levels, suggesting further upward momentum. Following a smaller breakout, the coin achieved new 2024 highs near $0.06, marking a nearly threefold gain in a month. Javon believes JasmyCoin could reach $4.47842, with metrics supporting this bold projection.
Historic Patterns and Breakouts
JasmyCoin’s price movement reveals a notable transition from bearish to bullish momentum. Between 2021 and late 2022, a descending wedge pattern dominated, with prices dropping from $11.00 to $0.01. Persistent selling pressure marked this period.
However, November 2022 witnessed a breakout, fueled by rising volume, ending the downtrend. This marked the start of an accumulation phase extending into mid-2023, with prices stabilizing and gradual buying interest evident. Breakouts confirmed growing market confidence.
The second rally began mid-2023, marked by consistent higher highs and lows. By late 2024, prices reached $0.035, with trading volume spiking significantly. Resistance at $0.050 presents a mid-term challenge, while $0.10 remains a key psychological target. Notably, strong support at $0.012 and $0.020 provides a base for potential upward moves.
Moving Averages and Volume Trends
The JASMY/USDT chart illustrates trends between mid-2024 and December 2024, emphasizing moving averages and trading volumes. Notably, prices declined consistently from June to October 2024, stabilizing near $0.018. By mid-November, a rally broke through key resistance levels, pushing the price to $0.053 before settling near $0.044.
Source: TradingView
The 50-day moving average (MA50) now acts as dynamic support at $0.044, reflecting bullish momentum. Similarly, the 200-day moving average (MA200) at $0.031 provides a solid long-term support level. Volume analysis highlights a surge during the November breakout, sustaining higher levels into December. This reflects increased market participation and confidence in the upward trend.
Key Metrics Supporting Bullish Sentiment
JasmyCoin’s recent performance aligns with several bullish indicators, including rising buying volumes, short-term bullish divergences, and consistent price breakouts. Consolidation phases at critical levels highlight investor confidence and a potential base for future rallies. The cryptocurrency’s ability to defy historical trends and sustain higher highs fuels optimism for further gains, as Javon points to a possible 100X move from current levels.
