JasmyCoin (JASMY) analysts are expecting highly bullish moves for the Bitcoin of Japan.
JASMY blew past a crucial resistance level at $0.025 and is already testing the next.
If JASMY can break past the next two barriers, it will soar towards the $0.05 price target.
The crypto market is still very bullish following the last market dip and altcoins are flaring bullish taking Bitcoin’s (BTC) lead. The price of Bitcoin is up by 12% over the last 7 days bringing Bitcoin’s (BTC) value to the price of $65,316.
Amongst the many cryptocurrencies that are flourishing as well, JasmyCoin (JASMY) price seems to be smashing past resistance levels as well. Just yesterday, JASMY holders celebrated the fact that JASMY flew past a major resistance level at $0.025 – $0.029.
Just as crypto enthusiast and JASMY analyst Steph is Crypto predicted, JASMY is now facing resistance at its next crucial resistance line. This barrier sits between $0.031 – $0.033. According to CoinMarketCap data, the price of JASMY went as high as $0.031 and is now back down to $0.030.
The most important resistance range to break above for #Jasmy in the short term, sits between $0,031 and $0,033Watch my NEW video here: https://t.co/kLg3exA7CP pic.twitter.com/rla8OLrcEF
— STEPH IS CRYPTO (@Steph_iscrypto) July 16, 2024
The same analyst says that if JASMY were to break past this barrier, then the next critical resistance level for the asset to break will be at the $0.045 range. If these barriers are breakthrough, then the analyst believes that JASMY price will shoot up to the $0.6 trend high.
Meanwhile, another JASMY analyst shares the same observation which is that JASMY successfully defended the weekly retest and bounced off perfectly just as they expected the altcoin to do.
$JASMY successfully defended the weekly retest and bounced off perfectly as expected!Telegram: https://t.co/71apcaZ06RWe need to defend 0.024$ and we did it! Now we look to bounce off towards 0.05$ off here straight away!#JASMY #JASMYUSDT #Crypto #Jasmycoin https://t.co/0vPDt9OVin pic.twitter.com/x8DxxuVVi9
— Team LAMBO (@TehLamboX) July 16, 2024
However, according to this analyst, he believes that JASMY is on a direct upward trajectory to $0.05. If this is true, then the price of JASMY will break past the two resistance barriers mentioned earlier by Steph of Crypto indicating highly bullish activity for JASMY in the near future.
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The post JASMY Breaks Past Major Resistance Level, Analyst Believes JasmyCoin Is Now Headed Towards $0.05 Price Target appeared first on Crypto News Land.
