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JASMY Price News

JasmyCoin (JASMY) Retests Resistance, $0.025 Price Target in Sight

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  • JasmyCoin has rebounded from April lows and is now trading near the upper boundary of a rising wedge pattern.
  • The price faces resistance between $0.0185 and $0.019, with a breakout potentially leading to $0.025.
  • RSI is at 70.18, indicating overbought conditions, while MACD shows mild bullish momentum.
  • A breakout with volume could confirm an uptrend, but failure may lead to a pullback toward $0.016 or lower.

JasmyCoin (JASMY) is showing signs of strength after recovering from its April lows, but technical indicators suggest the cryptocurrency is approaching a crucial decision point. As of this writing, JASMY is trading at $0.018346, hovering near the upper boundary of a rising wedge pattern that has been forming over the past month.

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JasmyCoin (JASMY) Retests Resistance, $0.025 Price Target in Sight 3

After peaking at $0.06 in December 2024, JasmyCoin entered a sustained downtrend, losing momentum through the first quarter of 2025. However, the price found a base in early April around $0.0095, sparking a steady rebound that pushed JASMY back above $0.018 in recent weeks. This recovery has been contained within a rising wedge, a technical pattern that can signal either a continuation or a potential reversal.

JasmyCoin Tests Resistance Zone, $0.025 in Sight

The immediate resistance lies between $0.0185 and $0.019, a zone that has capped recent rallies. A breakout above this level could pave the way for a move toward the next major resistance at $0.025. On the downside, support levels are established at $0.0161 and $0.0151, aligning with the lower trendline of the wedge.

Technical indicators are sending mixed signals. The Relative Strength Index (RSI) is currently at 70.18, entering overbought territory, which has historically preceded short-term pullbacks. Meanwhile, the Moving Average Convergence Divergence (MACD) shows mild bullish momentum, with the MACD line staying slightly above the signal line.

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Source: Tradingview

A successful breakout with increased volume could confirm bullish continuation, targeting $0.025 in the near term. However, a failure to clear resistance may lead to a pullback toward the lower wedge boundary, testing support around $0.016 or even $0.015.

The coming days could be pivotal for JasmyCoin’s short-term trend as the market awaits a decisive move out of this pattern. Crypto analysts are advising caution as price approaches overbought levels, while also noting the potential for a breakout if momentum accelerates.

Related Reading |  SEI Surges Past Resistance: Is $0.30 the Next Target for Bulls? 

JasmyCoin (JASMY) Holds Strong as Market Awaits Key Fed Decision

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  • JasmyCoin is up 1.23% in the past 24 hours and 5% over the past week, reflecting growing investor confidence.
  • JASMY’s next move depends on Bitcoin; a BTC breakout could fuel further gains.
  • The Federal Reserve is expected to hold rates steady, but Powell’s comments could impact market direction.
  • JASMY holds key support, with potential dips to $0.0067–$0.01 if BTC corrects and upside targets at $0.031–$0.033.

JasmyCoin (JASMY) has been steadily gaining momentum, showing a 1.23% increase in the last 24 hours and a 5% rise over the past week. This upward trend highlights growing investor confidence, but its next major move remains closely linked to Bitcoin’s trajectory. If BTC manages to break higher, it could fuel further gains for altcoins, including JASMY.

Federal Reserve Decision Could Shake the Market

A crucial market event is unfolding today as the Federal Reserve prepares for its latest meeting. Investors widely expect the Fed to hold interest rates steady, with the first potential rate cut only priced in around June.

Recent economic indicators suggest inflation has remained stable, while economic activity has gradually slowed since the last Federal Open Market Committee (FOMC) meeting. However, uncertainty remains, with global trade tariffs and broader economic conditions adding pressure to the market. Powell’s comments will be closely watched for any indication of future monetary policy shifts, which could trigger significant market movements.

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JASMY at Key Support Levels

From a technical perspective, the token is currently holding a crucial support level and could enter a consolidation phase before making its next move. If Bitcoin experiences a correction, JASMY might retest the $0.0067–$0.01 range. On the upside, if bullish momentum prevails, the token could target $0.031–$0.033, with a long-term resistance zone between $0.059 and $0.061.

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Source: CoinMarketcap

With the market on edge ahead of the Fed’s decision, volatility is expected. If Bitcoin surges, the token could capitalize on the momentum, but any BTC downturn could trigger short-term retracements. Traders are keeping a close watch as a decisive move could be just around the corner.

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