$JASMY : Breakout or Fakeout?

The recent price increase of Jasmy (#JASMY ) has sparked debate among analysts, with some calling it a potential breakout and others warning of a fakeout.

Bullish Signs

* Jasmy's market structure and recent momentum suggest a potential breakout.

Risks to Consider

* Low trading volume on Sundays can increase the likelihood of fakeouts.

* Jasmy's price can still be affected by Bitcoin's movements, despite being somewhat uncorrelated.

Key Levels to Watch

* Support: 2.05 and 2 cents

* Resistance: 2.15 and 2.2 cents

Analyst Predictions

* The analyst expects a pullback towards 2.05 or 2 cents, followed by consolidation and a continuation of the uptrend to 2.4 and 2.5 cents.

* A deeper pullback is possible if Bitcoin experiences a bearish breakout below $68,000.

Overall, the outlook for Jasmy remains uncertain. While there are bullish signs, the low trading volume and Bitcoin's influence pose potential risks.

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