JasmyCoin published a God Candle on Saturday and soared to $0.030. This is its highest price since July 2024. The coin has increased by 72% since its low point in August. This means that the coin has underperformed most other coins.
Jasmy is expected to rise in price, according to crypto analysts
Analysts believe that JasmyCoin is poised to make a comeback. Captain Faibik predicted in an X-post that JasmyCoin would see a 2000% increase over the next few weeks. The coin had not yet been pumped, and was on its way to crossing a major resistance level in the two-day chart.
#JASMY hasn’t been pumped yet, so keep an eye out.. Expect a +200% bullish rally in the coming days. #Crypto #JASMY #jasmycoin
Javon Marks is another well-known crypto analyst who has a more optimistic outlook. He believes that the coin will soon increase by 1,000%. He expects Jasmy to jump up to $0.2785 if this occurs. His argument was based on the fact the coin had formed a chart falling wedge pattern on the 3-day chart.
$JASMY is now displaying MAJOR STRENGTH after what was likely a small breakout retest. The run is ON, and the next target level for a gain of more than 1,000% will be $0.2785.
The falling wedge pattern is made of two downward trendlines that are converging. This pattern usually results in strong breakouts, particularly when two lines near their convergence.
JasmyCoin is a strong cryptocurrency with strong technicals
The JasmyCoin has strong technicals that may push the price much higher on a longer-term basis. On the daily chart, the JasmyCoin price was at its lowest point of $0.01555 during August when the carry trade was being wound.
Jasmy is now above the Fibonacci 50% Retracement Level. The coin has jumped over the resistance at $0.025, which was its biggest swing since September 28. It was notable because it marked the bottom of the double bottom around $0.015.
Double-bottoms are a common pattern which leads to a bullish turn around. It is because bears are afraid to place bearish trades below that level. Jasmy now attempts to rise above the lower edge of Andrew’s Pitchfork.
The coin will form the golden cross pattern when the moving averages of 50 days and 200 days are about form a crossover bullish pattern. This is usually one of the more bullish chart patterns. This pattern also formed an inverse small head and shoulder.
The most realistic Jasmy prediction is that it will rise to its highest level of $0.03347 on July 30. This is 27% higher than the current price. If Jasmy breaks above this level, it will increase the likelihood of the cryptocurrency reaching its highest level of the year to date of $0.0447. This is approximately 70% higher than the current price. A drop below shoulders at $0.02 would invalidate the bullish outlook.
Jasmy cryptocurrency price catalysts
Jasmy’s price is likely to rise because it has the largest fan base in the cryptocurrency industry. Jasmy is seen as an alternative to Bitcoin. Bitcoin is preparing for a huge rally over $100,000 ,, and there are indications that this coin will follow suit.
Jasmy’s futures interest is also a good indicator. The open interest remained under $40 million for the entire week, and then shot up to $58 millions on Saturday. Open interest in an asset is one sign of increased demand by investors.
Open interest in Jasmy Futures
Jasmy’s price continues to rise as long as the cryptocurrency fear and greed index is in extreme greed, which indicates that more gains are ahead.
The post Jasmy Price Analysis as Crypto Pro Sees A 1000% Jump may be updated as new information becomes available
