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.

$JASMY :🎢🚀💸

JASMYUSDT
✔︎ENTRY : 0.04561

🏓TARGETS :
✔︎T1 : 0.05010
✔︎T2 : 0.05906

💡Reason for this trade:
This trade gives my trading system a sign of strength:
• My trading system is based on liquidity and reversal zones.
• When the liquidity is swept from one side under certain conditions, we will wait for the price on the other side.
The liquidity will attract the price like a magnet.

• the first side that has been swept:
1- range low as a failure swing point
2- reclaim 61.8 fibo (in the range)

• Opposite side targets:
1- first swing high
2- clean equal high at range high

💡Entry setup
1- reclaim i FVG (flip zone)

⚠️WARNING:
• I'm not a financial advisor.
• Do your own research (DYOR).
=Like, Follow and Share Thanks(Market Tips)
#Write2Earn! #BinanceSquareFamily #CryptoUsersHit18M #jasmyrocket

JasmyCoin ($JASMY ) has experienced a dramatic surge in 2023, with its value skyrocketing by nearly 1,800%. Coupled with record-breaking trading volumes, this momentum has solidified a strong bullish outlook for the cryptocurrency. Analyst Javon projects an ambitious price target of $4.47842, supported by technical breakouts, robust buying activity, and favorable market trends.

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Breaking Through Resistance Levels

JasmyCoin recently broke through a critical resistance level at $0.053, fueled by significant trading activity. Strong support at $0.044 and $0.031 has been instrumental in maintaining its upward trajectory. Since its price breakout in 2023, JasmyCoin has defied historical trends, attaining nearly threefold gains within a single month in 2024 and reaching highs of $0.06.

Javon’s analysis highlights increasing trading volumes as a key metric reinforcing bullish sentiment. This heightened activity reflects growing market confidence, setting the stage for continued upward movement.

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Historical Price Movements and Breakouts

The transition from a bearish to bullish trend marks a significant shift in JasmyCoin's price action. Between 2021 and late 2022, $JASMY was trapped in a descending wedge pattern, resulting in a steep decline from $11.00 to $0.01. This period was characterized by sustained selling pressure.

In November 2022, a breakout occurred, driven by increasing volume, marking the end of the downtrend. This breakout initiated an accumulation phase that persisted until mid-2023, during which prices stabilized and buying interest steadily grew.

The second major rally began in mid-2023, with consistent higher highs and higher lows. By late 2024, JasmyCoin had climbed to $0.035, bolstered by a significant spike in trading volume. Resistance at $0.050 remains a near-term challenge, while $0.10 serves as a critical psychological target. Meanwhile, long-term support levels at $0.012 and $0.020 provide a solid foundation for sustained growth.

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Technical Indicators and Volume Trends

A review of the JASMY/USDT chart from mid-2024 to December 2024 underscores key technical trends:

Moving Averages:

The 50-day moving average (MA50) at $0.044 acts as a dynamic support, highlighting strong short-term bullish momentum.

The 200-day moving average (MA200) at $0.031 provides a reliable long-term support level, reflecting a resilient upward trend.

Trading Volumes:

A surge in trading volumes during the November 2024 breakout has sustained elevated levels into December, indicating increased investor participation and confidence.

Following a price stabilization around $0.018 from June to October 2024, a significant rally in November propelled prices above key resistance levels, culminating in a peak of $0.053.

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Key Metrics Supporting Bullish Sentiment

JasmyCoin's recent performance aligns with several bullish indicators:

1. Record-Breaking Buying Volumes: Sustained increases in trading activity signal strong investor interest.

2. Technical Breakouts: Clear patterns of higher highs and higher lows confirm the bullish trend.

3. Robust Support Levels: Consolidation at critical levels reflects market confidence and provides a springboard for further growth.

The cryptocurrency’s ability to maintain higher highs and defy historical bearish patterns has fostered optimism among analysts and investors. As Javon suggests, JasmyCoin has the potential for exponential growth, with a 100-fold increase from current levels a possibility.

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Conclusion

JasmyCoin’s exceptional performance, bolstered by record trading volumes and consistent technical breakouts, positions it as a strong contender for further growth. While the projected target of $4.47 represents an ambitious milestone, the cryptocurrency's bullish momentum and growing market confidence lend credibility to such forecasts. However, investors should remain cautious and monitor market conditions closely, as cryptocurrency investments inherently carry significant risks.

JasmyCoin's market activity on October 10, 2024, showed a slight decline, with the coin dropping by 0.94% over the past 24 hours. It faced strong resistance at $0.03351 and a key support level around $0.03003. If the price had fallen below that, it could have dipped further towards $0.02961. JasmyCoin was trading under bearish pressure, as indicated by technical patterns like the Ichimoku Cloud, which confirmed a bearish outlook. Despite this, narrowing volatility bands suggest that the coin might be approaching an oversold position, potentially leading to a short-term rebound.
Over the past month, Jasmy experienced low volatility (around 8.68%), with 15 green days. However, the medium-term trend remained bearish, and sentiment indicators showed 69% negative predictions. The Relative Strength Index (RSI) stood at 43.21, suggesting a neutral position between overbought and oversold.
Keep an eye on support levels and volatility changes to assess whether a rebound could occur soon.
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🔥 JasmyCoin, often hailed as the "Japanese Bitcoin," is making waves in the crypto world, and this might be your last chance to join before it takes off! With its roots in Japan’s thriving tech industry and a focus on data democratization, Jasmy is poised to disrupt the way individuals control and monetize their own data. In a world increasingly dominated by big tech, Jasmy empowers users by giving them back control of their personal information, making it a unique and powerful force in the blockchain space. As more industries adopt blockchain solutions, the demand for decentralized data storage platforms like Jasmy is expected to surge. Don’t miss the opportunity to get in early on a project with such massive potential.
JasmyCoin isn’t just another crypto; it represents the future of data security and privacy. Backed by the expertise of former Sony executives, Jasmy has the credibility, vision, and technological backing to lead a new era of blockchain adoption. The coin has already gained significant attention in Asia, and as it expands globally, its value could see exponential growth. If you’re looking for a crypto investment with real-world use cases, long-term growth potential, and strong backing, Jasmy is the answer. Buy now before it’s too late—this could be your ticket to major gains in the digital economy! 🔥

$JASMY

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